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Timkensteel Corporation (TMST) |
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Price: $20.4300
$0.23 
1.139%
|
| Day's High:
| $20.37
| Week Perf:
| -4.22 %
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| Day's Low: |
$ 20.22 |
30 Day Perf: |
2.92 % |
| Volume (M): |
4 |
52 Wk High: |
$ 23.49 |
| Volume (M$): |
$ 75 |
52 Wk Avg: |
$19.63 |
| Open: |
$20.63 |
52 Wk Low: |
$15.59 |
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| Market Capitalization (Millions $) |
993 |
| Shares
Outstanding (Millions) |
49 |
| Employees |
2,600 |
| Revenues (TTM) (Millions $) |
1,332 |
| Net Income (TTM) (Millions $) |
35 |
| Cash Flow (TTM) (Millions $) |
-37 |
| Capital Exp. (TTM) (Millions $) |
48 |
Timkensteel Corporation
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 (Timken) 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.
Company Address: 1835 Dueber Avenue SW Canton 44706 OH
Company Phone Number: 471.7000 Stock Exchange / Ticker: NYSE TMST
| TMST is expected to report next financial results on February 23, 2024. |
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Customers Net Income fell by |
TMST's Customers Net Profit Margin fell to |
-30.97 % |
4.14 %
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| Stock Performances by Major Competitors |
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Greenwave Technology Solutions Inc
Greenwave Technology Solutions Inc is a technology company that specializes in providing innovative solutions and services to various industries. The company focuses on developing advanced technologies that can help businesses streamline their operations, improve efficiency, and reduce costs.
In the financial span from July to September 30, 2023, Greenwave Technology Solutions Inc reported a loss of $-1.75 per share. This is a significant improvement compared to the same period in the previous year when the loss per share was $-4.30. Additionally, the company's loss per share increased from $-0.20 in the prior reporting season. This trending improvement indicates that the company is making progress in its financial performance.
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Haynes International Inc
Haynes International Inc, a leading Iron and Steel company, recently reported a decline in earnings per share (EPS) despite a rise in revenue during the most recent fiscal period. While revenue increased by 12.119% to $161.24 million, income fell by -23.73% to $1.00 per share compared to the previous reporting season. This decline in EPS is a cause for concern and indicates a potential downfall for the company.
The Iron and Steel sector as a whole has been facing economic challenges and a recession in recent times. Many companies in this industry have been struggling with diminishing top-line and receding transactions. Despite these difficulties, Haynes International Inc managed to prosper in the fourth quarter of 2023. EPS rose by an impressive 46.53% from $0.68 per share, and revenue advanced by 12.706% from $143.06 million compared to the previous reporting season.
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Friedman Industries Inc
Friedman Industries Inc, a reputed industrial steel manufacturer, recently reported its financial results for the quarter ended September 30, 2023. Despite the company's claims of improving profit margins, a closer analysis reveals concerning figures. With profits per share witnessing a significant drop and revenue declining both annually and sequentially, it appears that Friedman Industries Inc is heading towards a challenging period ahead.
Profit Decline:
In the July to September 30, 2023 financial interval, Friedman Industries Inc's profit per share experienced a substantial decline. The company's profit plummeted by a staggering -53.85% from $1.04 per share in the previous reporting period, demonstrating a significant deterioration in its financial performance. Furthermore, even when comparing to the same period a year ago, the profit per share experienced a sharp decline of -54.12%, from $0.34 to $0.48 per share.
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Steel Dynamics Inc
In the third quarter of 2023, Steel Dynamics Inc (STLD) reported discouraging financial results, with both revenue and earnings per share (EPS) witnessing significant drops. The company's challenges are reflected in a -18.838% decline in revenue, which amounted to $4.59 billion compared to $5.65 billion in the same period of the previous year. Furthermore, EPS plunged by -31.01%, falling to $3.47 from $5.03. These figures indicate a challenging business environment for STLD and raise concerns about its future performance.
Quarterly Performance:
Compared to the preceding fiscal period, the company's income contracted by -27.86% from $4.81 per share, and revenue deteriorated by -9.733% from $5.08 billion. Net profits in the third quarter of 2023 also experienced a negative slide, falling by -36.88% from $918.475 million to $579.782 million, directly affecting shareholders' confidence.
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Ascent Industries Co
During the past 5 trading days, Ascent Industries Co stock experienced a decrease of -1.35%. This decline contributes to a year-to-date performance of -5.66%. However, it is important to analyze the company's financial performance and other relevant factors to understand the reasons behind these numbers.
One aspect to consider is the company's financial results for the third quarter of 2023. Ascent Industries Co posted a deficit per stock of $-1.77 per share during this period, a significant decrease compared to $0.06 per share a year before. Moreover, there was an advanced deficit from $-1.44 per share from the prior quarter. These figures indicate a concerning financial situation for the company.
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| Per Share |
Current |
| Earnings (TTM) |
0.69 $ |
| Revenues (TTM) |
27.4 $
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| Cash Flow (TTM) |
- |
| Cash |
4.64 $
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| Book Value |
15.02 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
0.69 $
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| Revenues (TTM) |
27.4 $ |
| Cash Flow (TTM) |
- |
| Cash |
4.64 $
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| Book Value |
15.02 $ |
| Dividend (TTM) |
0 $ |
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