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.
| Type | Public | |
| Founded | 1899 | |
| HQ | Canton, OH, US | Map |
| Website | timkensteel.com | |
| Employee Ratings | More | |
| Overall Culture | B | More |
Key People/Management at TimkenSteel
Terry Dunlap
Director
Mike Williams
President and Chief Executive Officer
Kevin Raketich
EVP – Sales, Marketing, and Business Development
Kris Syrvalin
EVP – General Counsel and Secretary
Ronald Rice
Chairman of the Board
Kristopher Westbrooks
EVP and CFO
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
TimkenSteel Financials and Metrics
TimkenSteel Revenue
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
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 309.4m | 339.3m | 339.1m | 380.8m | 413.5m | 409.9m | 371.0m | 336.7m | 274.2m | 259.7m | 205.9m | |
Cost of goods sold | 292.4m | 315.5m | 320.6m | 359.7m | 381.4m | 385.3m | 341.9m | 311.3m | 261.0m | 251.9m | 208.3m | |
Gross profit | 17.0m | 23.8m | 18.5m | 21.1m | 32.1m | 24.6m | 29.1m | 25.4m | 13.2m | 7.8m | (2.4m) | |
Gross profit Margin, % | 5% | 7% | 5% | 6% | 8% | 6% | 8% | 8% | 5% | 3% | (1%) |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 20.6m | 36.2m | 25.8m | 35.4m | 39.0m | 27.0m | 7.8m | 20.9m | 18.4m | 65.6m | 75.5m | 74.8m |
Accounts Receivable | 147.9m | 153.5m | 160.6m | 181.1m | 173.6m | 172.1m | 151.3m | 146.4m | 107.4m | 94.9m | 63.6m | 81.2m |
Prepaid Expenses | 3.1m | 1.8m | 4.2m | 3.5m | 2.3m | 4.7m | 3.4m | 2.6m | 4.9m | 3.6m | 1.9m | |
Inventories | 190.9m | 199.3m | 219.5m | 252.8m | 294.5m | 285.3m | 324.3m | 304.8m | 279.4m | 240.5m | 206.4m | 174.3m |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (5.3m) | (4.0m) | (9.9m) | (1.9m) | 6.5m | 7.9m | 4.2m | (200.0k) | (4.8m) | (19.9m) | (35.2m) | (49.1m) |
Depreciation and Amortization | 18.9m | 37.8m | 56.4m | 18.5m | 36.9m | 55.0m | 19.2m | 35.7m | 53.2m | 18.6m | 35.4m | 52.4m |
Inventories | (26.7m) | (35.1m) | (55.3m) | (28.8m) | (70.5m) | (61.3m) | (27.5m) | (8.0m) | 17.4m | 41.2m | 75.5m | 107.6m |
Accounts Payable | 39.4m | 43.8m | 46.8m | 35.7m | 42.5m | 3.5m | (30.7m) | (50.3m) | (81.6m) | 26.7m | (17.2m) |
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 347.8k |
Debt/Equity | 0.2 x |
Debt/Assets | 0.1 x |
Financial Leverage | 1.8 x |
TimkenSteel Acquisitions / Subsidiaries
| Company Name | Date | Deal 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
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
TimkenSteel Environment, Social & Governance (ESG) Ratings
TimkenSteel Online and Social Media Presence
8.69k Twitter followers
TimkenSteel has 8.69k Twitter Followers. The number of followers has decreased 0.9% month over month and decreased 1.4% quarter over quarter
TimkenSteel's Trends
Twitter Engagement Stats for @TimkenSteel
952
Tweets
646
Following
8.7k
Followers
3
Tweets last 30 days
4.7
Avg. likes per Tweet
100%
Tweets with engagement
TimkenSteel Company Culture
Overall Culture
B
80/100
CEO Rating
A+
88/100
Compensation
A+
89/100
TimkenSteel News and Updates
February 23, 2021
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…
January 05, 2021
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...
December 18, 2020
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...
February 20, 2020
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...
October 09, 2019
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 …
October 09, 2019
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....
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.
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