The 2020 Mid-Year Economic Update_long

TimkenSteel Sales Down 16.4% in 3Q

Year-to-date sales down 28.9 percent year-over-year.

TimkenSteel Corp. (NYSE: TMST), Canton, OH, reported sales for the third quarter of $232.7 million, down 16.4 percent year-over-year. The company reported a loss of $30.8 million, compared to a profit of $25.7 million the prior year.

Industrial and mobile segment sales in the third quarter were $188.1 million, down 21.9 percent year-over-year. Energy and distribution segment sales were down 76.9 percent to $44.6 million.

Year-to-date sales were $899.6 million, down 28.9 percent compared to the prior-year period. The company reported a loss of $48.2 million, compared to a profit of $88 million the prior year.

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