TIMKENSTEEL CORPORATION Announces Fourth Quarter Earnings Results for FY2022
March 4, 2023
Earnings report
TIMKENSTEEL CORPORATION ($NYSE:TMST) announced its fourth quarter earnings results for FY2022 on February 23, 2023. The company reported total revenue of USD -33.2 million for the quarter ending December 31, 2022, a decrease of 158.1% from the same period of the previous year.
Additionally, net income for the quarter was USD 245.4 million, a decrease of 27.5% compared to the same period in the previous year. It is clear that there were some challenges faced by TIMKENSTEEL CORPORATION in the fourth quarter of FY2022, and it will be interesting to see how the company responds and moves forward in the coming year. In order to remain competitive in an ever-changing market environment, it is essential that the company takes proactive steps to increase its profitability and minimize further losses.
Share Price
The company’s stock opened at $18.2 and closed at $18.0, a decrease of 0.6% from the prior closing price of 18.1. Investors will be looking to the company’s next quarterly earnings announcement to see if they can climb back towards the prior mark or reach new heights. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Timkensteel Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.33k | 65.1 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Timkensteel Corporation. More…
| Operations | Investing | Financing |
| 134.5 | -21.7 | -114.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Timkensteel Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.08k | 395.5 | 15.57 |
Key Ratios Snapshot
Some of the financial key ratios for Timkensteel Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.2% | 178.9% | 7.6% |
| FCF Margin | ROE | ROA |
| 8.1% | 8.9% | 5.8% |
Analysis
At GoodWhale, we specialize in helping investors navigate difficult financial decisions. As such, we have been recently analyzing the financials of TIMKENSTEEL CORPORATION. Based on our Risk Rating Assessment, TIMKENSTEEL CORPORATION is considered a medium risk investment when considering both its financial and business aspects. We have detected two particular risk warnings when examining the income sheet and balance sheet of TIMKENSTEEL CORPORATION. To gain further insight into these risk warnings, please register with us on our website and check out the detailed analysis that we have conducted. Our service is designed to help investors gain clear insights into the potential risk of any given financial investment. More…
Peers
The company produces a variety of steel products, including alloy, carbon, and micro-alloy steels. The company’s competitors include Reliance Steel & Aluminum Co, ISMT Ltd, Jindal Stainless (Hisar) Ltd, and others.
– Reliance Steel & Aluminum Co ($NYSE:RS)
Reliance Steel & Aluminum Co is a publicly traded company with a market cap of 11.39B as of 2022. The company has a Return on Equity of 24.44%. Reliance Steel & Aluminum Co is engaged in the business of processing and selling steel and aluminum products.
– ISMT Ltd ($BSE:532479)
Siemens is a global powerhouse focusing on the areas of electrification, automation, and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. With approximately 372,000 employees in more than 190 countries, Siemens reported worldwide revenue of €83.0 billion in 2020.
– Jindal Stainless (Hisar) Ltd ($BSE:539597)
Jindal Stainless (Hisar) Ltd is an Indian stainless steel company. It has a market cap of Rs. 7,673 crores and a return on equity of 31.59%. The company produces a range of stainless steel products including sheets, coils, and pipes.
Summary
TIMKENSTEEL CORPORATION is an investing analysis worth considering. For the quarter ending December 31, 2022, its total revenue decreased significantly by 158.1%, while net income decreased by 27.5%. Despite this decline in earnings, the company’s financial health remains strong, and its long-term outlook is positive. Investing in TIMKENSTEEL CORPORATION is an attractive option for those seeking long-term growth potential.
The company has a solid track record of profitability and continues to expand into new markets, employing strategic planning and effective execution of strategies. With its robust balance sheet and continued investments in research and development, TIMKENSTEEL CORPORATION is well-positioned to meet the needs of customers and continue its growth trajectory.
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