TimkenSteel Corporation

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Company's portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. It operates in two segments: Industrial & Mobile and Energy & Distribution. In addition, it supplies machining and thermal treatment services and manages raw material recycling programs, which are used as a feeder system for the Company's operations. It offers services to various sectors, including oil and gas; automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture, and power generation. The Company's steels are featured in a range of end products, including oil drill pipe; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts, and anti-friction bearings, among others.
Type
Public
HQ
Canton, US
Founded
2014
Size (employees)
2,600 (est)
TimkenSteel Corporation was founded in 2014 and is headquartered in Canton, US

TimkenSteel Corporation Office Locations

TimkenSteel Corporation has an office in Canton
Canton, US (HQ)
1835 Dueber Ave Sw

TimkenSteel Corporation Data and Metrics

TimkenSteel Corporation Financial Metrics

TimkenSteel Corporation's revenue was reported to be $309.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

309.4 m

Gross profit (Q1, 2017)

17 m

Gross profit margin (Q1, 2017), %

5%

Net income (Q1, 2017)

(5.3 m)

EBIT (Q1, 2017)

(5.9 m)

Market capitalization (21-Jul-2017)

702.2 m

Cash (31-Mar-2017)

20.6 m
TimkenSteel Corporation's current market capitalization is $702.2 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

1.7 b1.1 b214.7 m

Revenue growth, %

(34%)(81%)

Cost of goods sold

1.1 b

Gross profit

8.8 m

Gross profit Margin, %

1%

General and administrative expense

111 m

Operating expense total

111 m

EBIT

(108.7 m)

EBIT margin, %

(10%)

Interest expense

3.4 m

Pre tax profit

(115 m)

Income tax expense

(42.6 m)

Net Income

104.4 m(72.4 m)(105.5 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

278.2 m232.7 m217.9 m223.1 m213.8 m309.4 m

Cost of goods sold

284.3 m253.2 m214.5 m212.9 m211.3 m292.4 m

Gross profit

(6.1 m)(20.5 m)3.4 m10.2 m2.5 m17 m

Gross profit Margin, %

(2%)(9%)2%5%1%5%

General and administrative expense

29.7 m26.6 m22.9 m23.7 m25 m22.9 m

Operating expense total

29.7 m26.6 m22.9 m23.7 m25 m22.9 m

EBIT

(37.4 m)(47.9 m)(19.5 m)(13.8 m)(22.5 m)(5.9 m)

EBIT margin, %

(13%)(21%)(9%)(6%)(11%)(2%)

Interest expense

1 m900 k2 m2.1 m3.9 m3.6 m

Pre tax profit

(22.3 m)(16.6 m)(26.6 m)(5 m)

Income tax expense

(14.6 m)(19 m)(8.7 m)(6.1 m)(10 m)300 k

Net Income

62.3 m88 m6.9 m(17.4 m)(48.2 m)(13.6 m)(24.1 m)(40.7 m)(5.3 m)
USDFY, 2014FY, 2015FY, 2016

Cash

34.5 m42.4 m25.6 m

Accounts Receivable

3.5 m

Inventories

164.2 m

Current Assets

551.3 m317.8 m290.4 m

PP&E

771.9 m769.3 m741.9 m

Total Assets

1.4 b1.1 b1.1 b

Accounts Payable

63.5 m473.3 k

Current Liabilities

225.5 m104.2 m130.7 m

Non-Current Liabilities

390.5 m351.2 m341.8 m

Total Liabilities

616 m455.4 m472.5 m

Additional Paid-in Capital

1.1 b1.1 b845.6 m

Retained Earnings

29.4 m(193.9 m)

Total Equity

748.1 m686.4 m597.4 m

Financial Leverage

1.8 x1.7 x1.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

43.7 m37.5 m31 m35.7 m30.8 m37.5 m37.2 m23.3 m20.6 m

Inventories

238.8 m273.1 m277.2 m229.5 m196 m160.9 m157.4 m155.4 m190.9 m

Current Assets

478.3 m549.7 m512.5 m420.1 m372.9 m305.7 m300.6 m293 m370.1 m

PP&E

750.4 m757.5 m765.4 m764.5 m764.3 m760.5 m750 m743.5 m727.3 m

Total Assets

1.3 b1.4 b1.3 b1.2 b1.2 b1.1 b1.1 b1.1 b1.1 b

Current Liabilities

201.4 m246.2 m169 m133.9 m116.7 m98.3 m110.5 m115.9 m173.7 m

Non-Current Liabilities

320.5 m326.9 m401 m365.2 m376.5 m347.8 m313 m302.4 m368.6 m

Additional Paid-in Capital

1 b1 b1 b1.1 b1.1 b1.1 b1.1 b1.1 b841.4 m

Retained Earnings

19.3 m30 m(75.3 m)(85.8 m)(102.4 m)(199.5 m)

Total Equity

797.2 m827.1 m678 m683.9 m659.8 m593.2 m

Financial Leverage

1.7 x1.7 x1.7 x1.6 x1.6 x1.9 x
USDFY, 2014FY, 2015FY, 2016

Net Income

104.4 m(72.4 m)(105.5 m)

Depreciation and Amortization

58 m73.4 m74.9 m

Accounts Receivable

(184 k)(10.7 m)

Inventories

(885 k)224 k

Cash From Operating Activities

93.9 m107.1 m74.4 m

Capital Expenditures

(129.6 m)(78.2 m)(42.7 m)

Cash From Investing Activities

(129.6 m)(77.8 m)(42.7 m)

Dividends Paid

(12.7 m)(18.7 m)

Cash From Financing Activities

70.2 m(21.4 m)(48.5 m)

Free Cash Flow

(35.7 m)28.9 m31.7 m
USDY, 2017

Revenue/Employee

119 k

Financial Leverage

1.9 x

TimkenSteel Corporation Market Value History

TimkenSteel Corporation Online and Social Media Presence

TimkenSteel Corporation Company Life and Culture

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