OverviewSuggest Edit

TimkenSteel is a manufacturer of alloy steel, carbon, and micro-alloy steel products. It offers bars, mechanical tubing, precision steel components, and billets, as well as machining and thermal treatment services. The company serves oil and gas, automotive, industrial equipment, mining, construction, rail, aerospace and defense, heavy truck, agriculture, and power generation markets.
TypePublic
Founded1899
HQCanton, OH, US
Websitetimkensteel.com
Employee Ratings2.9
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)2,000(-20%)
Job Openings3
Revenue (FY, 2020)$830.7 M(-31%)
Share Price (Jun 2021)$13.6(-6%)
Cybersecurity ratingBMore

Key People/Management at TimkenSteel

Terry Dunlap

Terry Dunlap

Director
Mike Williams

Mike Williams

President and Chief Executive Officer
Kevin Raketich

Kevin Raketich

EVP – Sales, Marketing, and Business Development
Kris Syrvalin

Kris Syrvalin

EVP – General Counsel and Secretary
Ronald Rice

Ronald Rice

Chairman of the Board
Kristopher Westbrooks

Kristopher Westbrooks

EVP and CFO
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TimkenSteel Office Locations

TimkenSteel has offices in Canton, Columbus, Eaton, Shanghai and in 1 other location
Canton, OH, US (HQ)
1835 Dueber Ave SW
Canton, OH, US
4511 Faircrest St SW
Canton, OH, US
4748 Navarre Rd SW
Columbus, NC, US
205 Industrial Park Dr
Eaton, OH, US
401 Industrial Dr
Shanghai, CN
#1515 Luo Ning Road, Baoshan District
Show all (7)

TimkenSteel Financials and Metrics

TimkenSteel Revenue

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TimkenSteel's revenue was reported to be $830.7 m in FY, 2020
USD

Revenue (FY, 2020)

830.7m

Gross profit (FY, 2020)

15.6m

Gross profit margin (FY, 2020), %

1.9%

Net income (FY, 2020)

(61.9m)

Market capitalization (17-Jun-2021)

664.5m

Closing stock price (17-Jun-2021)

13.6

Cash (31-Dec-2020)

102.8m

EV

660.9m
TimkenSteel's current market capitalization is $664.5 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

869.5m1.3b1.6b1.2b830.7m

Revenue growth, %

(81%)53%21%

Cost of goods sold

896.6m1.3b1.5b1.2b815.1m

Gross profit

(27.1m)67.8m104.9m22.6m15.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

309.4m339.3m339.1m380.8m413.5m409.9m371.0m336.7m274.2m259.7m205.9m

Cost of goods sold

292.4m315.5m320.6m359.7m381.4m385.3m341.9m311.3m261.0m251.9m208.3m

Gross profit

17.0m23.8m18.5m21.1m32.1m24.6m29.1m25.4m13.2m7.8m(2.4m)

Gross profit Margin, %

5%7%5%6%8%6%8%8%5%3%(1%)
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

25.6m24.5m21.6m27.1m102.8m

Accounts Receivable

91.6m149.8m163.4m77.5m63.3m

Prepaid Expenses

2.8m3.9m3.5m3.3m

Inventories

164.2m224.0m296.8m281.9m178.4m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(105.5m)(43.8m)(31.7m)(110.0m)(61.9m)

Depreciation and Amortization

74.9m74.9m78.5m73.5m

Inventories

9.7m(59.8m)(72.8m)92.6m103.5m

Accounts Payable

37.5m45.7m24.4m(87.7m)23.1m
USDFY, 2016

Revenue/Employee

347.8k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.8 x
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TimkenSteel Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Backlog, tons

200 k410 k314 k

Melt Capacity, tons

2 m2 m2 m

Shipments Capacity, tons

1.5 m1.5 m1.5 m

Shipments, tons

746.73 k279.9 k294.6 k289.9 k1.15 m299.7 k309.7 k295.5 k1.2 m260.9 k248.1 k209.6 k
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TimkenSteel Acquisitions / Subsidiaries

Company NameDateDeal Size
EDC , Inc.
TimkenSteel de Mexico S. de R.L. de C.V.
TimkenSteel Material Services, LLC
TimkenSteel (Shanghai) Corporation Limited
TimkenSteel UK Limited
TSB Metal Recycling LLC

TimkenSteel Revenue Breakdown

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TimkenSteel revenue breakdown by business segment: 16.5% from Energy, 39.6% from Industrial, 34.4% from Mobile and 9.5% from Other

TimkenSteel revenue breakdown by geographic segment: 9.6% from Foreign and 90.4% from United States

TimkenSteel Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

TimkenSteel Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

TimkenSteel Online and Social Media Presence

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TimkenSteel Company Culture

  • Overall Culture

    B

    80/100

  • CEO Rating

    A+

    88/100

  • Compensation

    A+

    89/100

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TimkenSteel News and Updates

TimkenSteel stock soars to pace NYSE gainers after KeyBanc analyst says it's time to buy

Shares of TimkenSteel Corp. shot up 32.5% on very heavy volume in afternoon trading Tuesday, enough to pace all of the NYSE's gainers, after KeyBanc Capital analyst Philip Gibbs said it's time to buy the steel maker's stock as the macro recovery is unfolding. Trading volume spiked up to 36.8 millio…

Timkensteel Announces Inducement Grants For Its New Chief Executive Officer

CANTON, Ohio, Jan. 5, 2021 /PRNewswire/ -- TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, today announced that, as previously disclosed in its Form 8-K filed with the Securities and Exchange Commission on December 18, 2020, TimkenSteel made...

TimkenSteel Announces Executive Leadership Changes

CANTON, Ohio, Dec. 18, 2020 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today announced its Board of Directors has approved several important executive leadership changes. Michael S. Williams has been named president and chief...

TimkenSteel Announces Fourth-Quarter and Full-Year 2019 Results

CANTON, Ohio, Feb. 20, 2020 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today reported 2019 fourth-quarter net sales of $227 million and a net loss of $85 million. In the same quarter last year, net sales were $406 million with net...

TimkenSteel names Terry Dunlap interim CEO, replacing Tim Timken who is stepping down

TimkenSteel said Wednesday it has named Terry Dunlap as interim chief executive, replacing Tim Timken, who is stepping down. John Reilly, who is currently lead director of the board, will assume the role of chairman, with immediate effect. "In an effort to revitalize both the near-term performance …

TimkenSteel Announces CEO Transition

CANTON, Ohio, Oct. 9, 2019 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today announced that Ward J. "Tim" Timken, Jr. has stepped down as Chief Executive Officer and President and as Chairman of the TimkenSteel Board of Directors....
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TimkenSteel Frequently Asked Questions

  • When was TimkenSteel founded?

    TimkenSteel was founded in 1899.

  • Who are TimkenSteel key executives?

    TimkenSteel's key executives are Terry Dunlap, Mike Williams and Kevin Raketich.

  • How many employees does TimkenSteel have?

    TimkenSteel has 2,000 employees.

  • What is TimkenSteel revenue?

    Latest TimkenSteel annual revenue is $830.7 m.

  • What is TimkenSteel revenue per employee?

    Latest TimkenSteel revenue per employee is $415.4 k.

  • Who are TimkenSteel competitors?

    Competitors of TimkenSteel include Burke Porter Group, Valcor Engineering and Steel Dynamics.

  • Where is TimkenSteel headquarters?

    TimkenSteel headquarters is located at 1835 Dueber Ave SW, Canton.

  • Where are TimkenSteel offices?

    TimkenSteel has offices in Canton, Columbus, Eaton, Shanghai and in 1 other location.

  • How many offices does TimkenSteel have?

    TimkenSteel has 7 offices.