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 | C | More |
Key People/Management at TimkenSteel
Mike Williams
President and Chief Executive Officer
Kevin Raketich
Executive Vice President – Sales, Marketing, and Business Development
Kris Syrvalin
Executive Vice President – General Counsel and Secretary
Ronald Rice
Chairman of the Board
Kristopher Westbrooks
Executive Vice President and Chief Financial Officer
Ellis Jones
Vice President and Chief Sustainability Officer
TimkenSteel Office Locations
TimkenSteel has offices in Canton, Columbus, Eaton and Santa Catarina
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
Santa Catarina, MX
Av. Las Torres 1533, Parque Industrial la Puerta
TimkenSteel Financials and Metrics
TimkenSteel Revenue
TimkenSteel's revenue was reported to be $830.7 m in FY, 2020 which is a 31.3% decrease from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2021) | 343.7m |
Gross profit (Q3, 2021) | 66.7m |
Gross profit margin (Q3, 2021), % | 19.4% |
Net income (Q3, 2021) | 50.1m |
Market capitalization (13-May-2022) | 917.2m |
Closing stock price (13-May-2022) | 19.9 |
Cash (30-Sept-2021) | 172.0m |
EV | 816.5m |
TimkenSteel's current market capitalization is $917.2 m.
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 371.0m | 336.7m | 274.2m | 259.7m | 154.0m | 205.9m | 273.6m | 327.3m | 343.7m |
Cost of goods sold | 341.9m | 311.3m | 261.0m | 251.9m | 158.0m | 208.3m | 242.9m | 260.1m | 277.0m |
Gross profit | 29.1m | 25.4m | 13.2m | 7.8m | (4.0m) | (2.4m) | 30.7m | 67.2m | 66.7m |
Gross profit Margin, % | 8% | 8% | 5% | 3% | (3%) | (1%) | 11% | 21% | 19% |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 7.8m | 20.9m | 18.4m | 65.6m | 75.5m | 74.8m | 115.7m | 115.2m | 172.0m |
Accounts Receivable | 151.3m | 146.4m | 107.4m | 94.9m | 63.6m | 81.2m | 96.3m | 121.3m | 130.1m |
Inventories | 324.3m | 304.8m | 279.4m | 240.5m | 206.4m | 174.3m | 202.7m | 210.2m | 214.4m |
Current Assets | 494.2m | 482.3m | 418.0m | 412.1m | 355.1m | 343.8m | 430.4m | 456.3m | 529.4m |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 4.2m | (200.0k) | (4.8m) | (19.9m) | (35.2m) | (49.1m) | 9.8m | 63.8m | 113.9m |
Depreciation and Amortization | 19.2m | 35.7m | 53.2m | 18.6m | 35.4m | 52.4m | 17.6m | 33.0m | 48.1m |
Inventories | (27.5m) | (8.0m) | 17.4m | 41.2m | 75.5m | 107.6m | (28.2m) | (35.7m) | (45.1m) |
Accounts Payable | (30.7m) | (50.3m) | (81.6m) | 26.7m | (17.2m) | 8.2m | 48.1m | 40.0m | 44.3m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 536.9k |
Debt/Equity | 0.4 x |
Debt/Assets | 0.2 x |
Financial Leverage | 2.2 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: 47.2% from Industrial, 41.7% from Mobile, 6.4% from Energy and 4.8% from Other
TimkenSteel revenue breakdown by geographic segment: 89.9% from United States and 10.1% from Foreign
TimkenSteel Cybersecurity Score
TimkenSteel Environment, Social & Governance (ESG) Ratings
TimkenSteel Online and Social Media Presence
8.63k Twitter followers
TimkenSteel has 8.63k Twitter Followers. The number of followers has decreased 0.2% month over month and decreased 0.3% quarter over quarter
TimkenSteel's Trends
TimkenSteel Company Culture
Overall Culture
C
71/100
CEO Rating
D-
57/100
Compensation
A+
89/100
TimkenSteel News and Updates
May 04, 2022
TimkenSteel Announces First-Quarter 2022 Results
TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, today reported first-quarter 2022 net sales of $352.0 million and net income of $37.1 million, or $0.70 per diluted share. On an adjusted basis(1), first-quarter 2022 net income w…
April 21, 2022
TimkenSteel Publishes Inaugural Sustainability Report
TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components and supply chain solutions, today released its inaugural sustainability report, which is available at https://timkensteel.com/who-we-are/Sustainability.
April 20, 2022
TimkenSteel Announces First-Quarter 2022 Earnings Webcast Details
TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, will release its 2022 first-quarter financial results on Wednesday, May 4, after the market closes on the New York Stock Exchange
February 24, 2022
TimkenSteel Announces Fourth-Quarter and Full-Year 2021 Results
Third-quarter 2021 net sales were $343.7 million with net income of $50.1 million, or $0.94 per diluted share. On an adjusted basis(1), third-quarter 2021 net income was $55.2 million, or $1.04 per diluted share, and adjusted EBITDA was $72.0 million.
February 09, 2022
TimkenSteel Announces Fourth-Quarter and Full-Year Fiscal 2021 Earnings Webcast Details
TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, will release its 2021 fourth-quarter and full-year financial results on Thursday, February 24, after the market closes on the New York Stock Exchange.
December 20, 2021
Timkensteel Announces $50 Million Share Repurchase Program And Capital Expenditure Budget For 2022
a leader in high-quality specialty steel, manufactured components, and supply chain solutions, today announced that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to $50 million of its outstanding common shares. Additionally, the Board of D…
TimkenSteel Frequently Asked Questions
When was TimkenSteel founded?
TimkenSteel was founded in 1899.
Who are TimkenSteel key executives?
TimkenSteel's key executives are Mike Williams, Kevin Raketich and Kris Syrvalin.
How many employees does TimkenSteel have?
TimkenSteel has 1,850 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 $449 k.
Who are TimkenSteel competitors?
Competitors of TimkenSteel include Bradken US, Survitec and Wyman-Gordon.
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 and Santa Catarina.
How many offices does TimkenSteel have?
TimkenSteel has 6 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies