April 26, 2018 / 8:44 PM / 7 months ago

BRIEF-Timkensteel Reports Q1 Loss Per Share Of $0.04

April 26 (Reuters) - TimkenSteel Corp:

* TIMKENSTEEL ANNOUNCES FIRST-QUARTER 2018 RESULTS; EXPECTS CONTINUED IMPROVEMENT IN SECOND QUARTER

* Q1 SALES $380.8 MILLION VERSUS $309.4 MILLION

* Q1 EARNINGS PER SHARE VIEW $0.08 -- THOMSON REUTERS I/B/E/S

* Q2 SHIPMENTS ARE EXPECTED TO BE BETWEEN 5 PERCENT AND 10 PERCENT HIGHER THAN FIRST-QUARTER 2018

* QTRLY SHIP TONS WERE APPROXIMATELY 300,000, AN INCREASE OF 7.1 PERCENT OVER Q1 OF 2017

* SEES Q2 NET INCOME IS PROJECTED TO BE BETWEEN $8 MILLION AND $18 MILLION

* 2018 CAPITAL SPENDING IS PROJECTED TO BE $40 MILLION

* Q2 SHIPMENTS ARE EXPECTED TO BE BETWEEN 5 PERCENT AND 10 PERCENT HIGHER THAN FIRST-QUARTER 2018 FROM IMPROVING END MARKETS Source text for Eikon: Further company coverage:

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