- Net sales of $338.3 million in the fourth-quarter and $1.3 billion for the full-year reflect strength in customer demand
- Fourth-quarter net income of $57.1 million and $171.0 million for the full-year with adjusted EBITDA(1) of $62.1 million in the fourth-quarter and $245.9 million for the full-year
- Full-year 2021 operating cash flow of $196.9 million, including $90.7 million in the fourth-quarter TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, today reported fourth-quarter 2021 net sales of $338.3 million and net income of $57.1 million, or $1.07 per diluted share. On an adjusted basis (1) , fourth-quarter 2021 net income was $42.3 million, or $0.80 per diluted share, and adjusted EBITDA was $62.1 million. Third-quarter 2021 net sales were $343.7 million with net income of $50.1 million, or $0.94 per diluted share. On an adjusted basis (1) , third-quarter 2021 net income was $55.2 million, or...

TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, today announced that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to $50 million of its outstanding common shares. Additionally, the Board of Directors approved the capital expenditure budget for 2022 in the amount of $40 million. "These actions reflect the Board's and senior leadership's confidence in our ability to generate sustainable through-cycle profitability while maintaining a strong balance sheet and cash flow," said Mike Williams, president and chief executive officer. "Given our significant transformation over the past two years, we now have the financial flexibility to return capital to shareholders while also investing in the business to drive profitable growth. As such, we increased our 2022 capital expenditure budget to $40 million with over half dedicated to high return internal investment...