Company Quick10K Filing
Timkensteel
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-02-25
10-Q 2019-09-30 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-08-01
10-Q 2019-03-31 Filed 2019-05-02
10-K 2018-12-31 Filed 2019-02-20
10-Q 2018-09-30 Filed 2018-10-25
10-Q 2018-06-30 Filed 2018-07-26
10-Q 2018-03-31 Filed 2018-04-26
10-K 2017-12-31 Filed 2018-02-20
10-Q 2017-09-30 Filed 2017-10-26
10-Q 2017-06-30 Filed 2017-08-01
10-Q 2017-03-31 Filed 2017-04-27
10-K 2016-12-31 Filed 2017-03-16
10-Q 2016-09-30 Filed 2016-10-27
10-Q 2016-06-30 Filed 2016-08-04
10-Q 2016-03-31 Filed 2016-05-04
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-11-13
10-Q 2015-06-30 Filed 2015-08-13
10-Q 2015-03-31 Filed 2015-05-11
10-K 2014-12-31 Filed 2015-03-02
10-Q 2014-09-30 Filed 2014-11-13
10-Q 2014-06-30 Filed 2014-08-14
8-K 2020-05-07 Earnings, Exhibits
8-K 2020-05-06 Officers, Shareholder Vote, Other Events, Exhibits
8-K 2020-02-20 Earnings, Exhibits
8-K 2019-11-19 Exit Costs
8-K 2019-11-15 Officers, Other Events
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-10-17 Enter Agreement, Exhibits
8-K 2019-10-08 Officers, Regulation FD, Exhibits
8-K 2019-08-23 Suspend Trading, Exhibits
8-K 2019-08-12 Officers
8-K 2019-08-01 Earnings, Exhibits
8-K 2019-07-08 Regulation FD
8-K 2019-05-09 Shareholder Vote
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-02-20 Earnings, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-09-20 Officers
8-K 2018-08-09 Officers
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-04-27 Officers, Shareholder Vote
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-01-31 Enter Agreement, Exhibits
8-K 2018-01-25 Earnings, Exhibits

Timkensteel Financials

TMST Metrics, Comps, Filings

Quarterly | Annual

Business

TimkenSteel Corporation (we, us, our, the Company or TimkenSteel) was incorporated in Ohio on October 24, 2013, and became an independent, publicly traded company as the result of a spinoff (spinoff) from The Timken Company on June 30, 2014. In the spinoff, Timken transferred to us all of the assets and generally all of the liabilities related to Timken's steel business.

TimkenSteel traces its roots back to The Timken Roller Bearing Company, which was founded in 1899 by carriage-maker/inventor Henry Timken and his two sons. By 1913, the Company launched its first formal research facility, centered on improving the quality of the raw materials used to make its bearings. Early research demonstrated the superiority of bearing steel made in electric-arc furnaces (rather than existing Bessemer and open hearth processes), and that finding, coupled with a desire to ensure a dependable supply of premium steel in the years leading into World War I, led to the decision to competitively produce steel in-house. When The Timken Roller Bearing Company's Canton, Ohio steel plant became operational in 1917, it included one of the largest electric arc-furnace facilities in the country.

We manufacture alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately 2 million tons and shipment capacity of 1.5 million tons. Our portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing (tubes), value-add solutions such as precision steel components, and billets. In addition, we supply machining and thermal treatment services, and we manage raw material recycling programs, which are used as a feeder system for our melt operations. Our products and services are used in a diverse range of demanding applications in the following market sectors: oil and gas; oil country tubular goods (OCTG); automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture; and power generation.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Carpenter Technology (CRS) 2,253 19% 7.4 5% 3,342 1,764 2,393 466 177 377 2,779
Commercial Metals (CMC) 1,817 13% 6.8 4% 3,767 2,203 5,594 734 164 442 3,002
Worthington Industries (WOR) 2,219 13% 8.5 7% 2,511 1,562 3,760 480 163 340 2,880
Gerdau (GGB) 2,145 0% 51,281 25,342 0 0 0 0 2,139
United States Steel (X) 1,949 8% 7.2 0% 10,917 6,717 10,113 812 38 546 3,953
Gibraltar Industries (ROCK) 1,518 23% 14.0 6% 985 328 1,030 237 64 99 1,380
Mechel Pao (MTL) 833 0% 317,625 550,820 0 0 0 0 833
AK Steel Holding (AKS) 719 0% 6.5 3% 4,605 4,146 6,611 0 141 411 2,658
SunCoke Energy (SXC) 587 3% -29.5 -8% 1,766 1,219 1,572 40 -142 -44 1,295
Suncoke Energy Partners (SXCP) 531 4% 7.4 3% 1,634 1,038 908 32 52 182 1,348
Haynes (HAYN) 446 13% 15.1 2% 594 298 490 66 10 27 415
Insteel Industries (IIIN) 408 7% 16.7 2% 293 47 456 30 6 22 370
Timkensteel (TMST) 287 7% 14.1 -4% 1,107 508 1,388 95 -44 19 269
Northwest Pipe (NWPX) 245 14% 11.9 6% 285 50 265 37 16 20 233
Titan International (TWI) 169 9% 16.8 -3% 1,190 916 1,557 147 -36 37 620
Synalloy (SYNL) 142 11% 31.9 -1% 272 165 310 34 -2 7 225
Universal Stainless & Alloy Products (USAP) 140 12% 9.6 1% 361 118 245 28 5 21 206
Friedman Industries (FRD) 45 2% -10.9 -2% 82 11 167 3 -2 -2 26
Ossen Innovation (OSN) 23 0% 162 42 0 0 0 0 15
Posco (PKX) 0 12% 2.6 7% 0 0 0 0 0 0 0

Balance Sheet ($MM)2014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash4438343136314238372326213626243539272282118
Accounts Receivable17820416716711510781959710492148154161150181174172163151146107
Inventory239273294277230196174161157155164191199220224253294285297324305279
PP&E1,7461,7651,7641,7681,7821,7881,8051,8121,8171,8271,8501,8521,8501,8381,8521,8521,8531,8541,8711,8731,8751,875
Assets1,3191,4001,3641,3221,2291,1801,1421,1241,1071,0781,0701,1361,1481,1561,1571,2141,2401,2071,1981,2051,1801,107
Accounts Payable133138120976249505673738712613113413517117813916113011079
Long-Term Debt13013018519517520520018570
Liabilities522573616570499493455446424418472542552563596652669633662663572508
Stockholders' Equity0000
Income Statement ($MM)2014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue442434408389278233207218223214215309339339341381414410406371337274
Cost of Revenue370363352347284253213214213211259292316321333360381385379342311261
Gross Profit73715642-6-20-63102-45172418821322527292513
R&D
SG&A263131293027262324253023222223252524232021
Tax161474-15-19-13-9-6-10-12010000100-2
Net Income2926167-24-31-24-14-10-17-67-51-6-34-281-404-4-5
Cash Flow ($MM)2014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating132515482432028819-2615-020-19-112-341642
Cash Investing-18-46-18-17-18-25-8-7-11-17-3-4-5-21-2-6-9-4-8-9
Cash Financing-218-0-2612-6-16-22-100245-503220-5245-35