The 2020 Mid-Year Economic Update_long

TimkenSteel Sales Down 37.1% in 2Q

Year-to-date sales down 19.8 percent year-over-year.

TimkenSteel Corp. (NYSE: TMST), Canton, OH, reported sales for the second quarter of $278.2 million, down 37.1 percent year-over-year. The company reported a loss of $24.3 million, compared to a profit of $28.6 in the prior year period.

Industrial and mobile segment sales in the second quarter were $211.1 million, down 17.1 percent year-over-year. Energy and distribution segment sales were down 64.2 percent to $67.1 million.

Year-to-date sales were $666.9million, down 19.8 percent over the prior-year period. The company reported a loss of $17.4 million, compared to a profit of $62.3 in the prior year period.

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