TIMKENSTEEL CORPORATION (NYSE:TMST) Files An 8-K Results of Operations and Financial Condition
Item 2.02
TIMKENSTEEL CORPORATION (NYSE:TMST) Files An 8-K Results of Operations and Financial Condition
Home SEC Filings TIMKENSTEEL CORPORATION (NYSE:TMST) Files An 8-K Results of Operations and Financial Condition
On February 20, 2020, TimkenSteel Corporation (the “Company”) issued a press release announcing results for the fourth quarter and full year of 2019. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in Item 2.02 of this Current Report, including exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
(d) Exhibits
** Furnished herewith.
TimkenSteel Corp Exhibit
EX-99.1 2 exhibit99112312019.htm EXHIBIT 99.1 Exhibit NEWS RELEASE TimkenSteel Announces Fourth-Quarter and Full-Year 2019 Results•Aggressive actions taken to improve future profitability and cash generation while strengthening customer-centric focus •Cash from operations was $46 million in the fourth quarter of 2019 and $70 million for full-year 2019 primarily driven by inventory reductions•Company changed inventory valuation method from LIFO to FIFO •In the first quarter of 2020,…
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EX-99.1 2 exhibit99112312019.htm EXHIBIT 99.1 Exhibit NEWS RELEASE TimkenSteel Announces Fourth-Quarter and Full-Year 2019 Results•Aggressive actions taken to improve future profitability and cash generation while strengthening customer-centric focus •Cash from operations was $46 million in the fourth quarter of 2019 and $70 million for full-year 2019 primarily driven by inventory reductions•Company changed inventory valuation method from LIFO to FIFO •In the first quarter of 2020,…
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hereAbout TIMKENSTEEL CORPORATION (NYSE:TMST)
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.
