PK ! 2Œp6 6 xl/worksheets/sheet1.xml
0
1
2
3
4
5
PK ! ƒJ=õ õ xl/worksheets/sheet2.xml
6
78
910
PK ! 9a×÷Ì! Ì! xl/worksheets/sheet3.xml
11
1213
1415161516
17274.2409.9981.91204.2
18261385.3914.21126.4
1913.224.667.777.8
2021.42464.9000000000000173.59999999999999
2122223.622
230.1221.90.9
245.26.18.118.7
25-3.16.75.422
263.64.41212.9
27-6.72.3-6.69.1
28-2.10.9-1.81.2
29-4.61.4-4.87.9
30
31-0.10.03-0.110.18
32-0.10.03-0.110.17
3344.844.644.844.5
3444.845.244.845.2
35
36
PK ! ktØÐ Ð xl/worksheets/sheet4.xml
37
383940
41
4218.421.6
43107.4163.4
44279.4296.8
454.93.5
467.96.1
47418491.4
48643674.4
4914.222
5013.210.5
5116.217.8
522.73.5
531107.31197.6
54
5579160.6
561736.8
5733
586.122
5917.420.4
60122.5220.8
6177.4000000000000174.09999999999999
62110115
638.19999999999999922
57178.5240
640.60.8
6510.411.7
66507.6662.4
67
68842.8846.3
69-274-269.2
70-25.1-33
7156-8.9
72599.7535.2
731107.31197.6
PK ! y ÿéÑ3 Ñ3 xl/worksheets/sheet5.xml
74
381213
15161516
75
76-4.61.4-4.87.9
77
7817.518.153.255
791.21.33.74.3
800.1221.90.9
64-2.10.6-2.30.3
811.42.25.25.9
82-0.4-1.46-4.3
831.20.5-2.3-12.4
84
85391.556-22.3
4425.49.19999999999999917.4-61.3
55-31.3-39-81.599999999999993.5
86-2.47-24.7-5.9
45-2.3-2.4-1.4-0.8
87-0.82.7-20.8
8841.91.724.3-28.4
89
90-9.4-8.699999999999999-21.7-17.7
912222221
92-9.4-8.699999999999999-21.7-16.7
93
9422220.20.2
952222-1-0.7
96222222-30.2
97-35-5-45-75
982240155
99222222-1.7
100-35-5-5.847.6
101-2.5-12-3.22.5
10220.93921.624.5
10318.42718.427
PK ! ³#ª“J J xl/workbook.xml
PK ! šå ·µ µ xl/sharedStrings.xml
Please see discussion of non-GAAP financial measures in this news release. TimkenSteel Corporation1835 Dueber Ave. S.W., GNE-14, Canton, OH 44706Investor Contact & Media: Jennifer BeemanP 330.471.7000ir@timkensteel.com Conference CallThursday, November 7, 20199 a.m. ETToll-free dial-in: 833-238-7951International dial-in: 647-689-4199Conference ID: 5006089Conference Call ReplayReplay dial-in available through November 14, 2019  800-585-8367 or 416-621-4642   Replay passcode: 5006089CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSThree Months Ended September 30,Nine Months Ended September 30,(Dollars in millions, except per share data) (Unaudited)20192018Net salesCost of products soldGross ProfitSelling, general & administrative expenses (SG&A)Restructuring charges—Impairment charges and loss on asset disposalsOther income, netEarnings Before Interest and Taxes (EBIT) (1)Interest expenseIncome (Loss) Before Income TaxesProvision (benefit) for income taxesNet Income (Loss)Net Income (Loss) per Common Share:Basic loss per shareDiluted loss per share (2)Weighted average shares outstanding - basicWeighted average shares outstanding - diluted(1) EBIT is defined as net income (loss) before interest expense and income taxes. EBIT is an important financial measure used in the management of the business, including decisions concerning the allocation of resources and assessment of performance. Management believes that reporting EBIT is useful to investors as this measure is representative of the Company's performance.(2) Common share equivalents for shares issuable for equity-based awards were excluded from the computation of diluted earnings (loss) per share for the three and nine months ended September 30, 2019 because the effect of their inclusion would have been anti-dilutive. Common share equivalents for shares issuable upon the conversion of outstanding convertible notes, were excluded from the computation of diluted earnings (loss) per share for the three and nine months ended September 30, 2019 and 2018 because the effect of their inclusion would have been anti-dilutive.CONDENSED CONSOLIDATED BALANCE SHEETS(Dollars in millions) (Unaudited)September 30, 2019December 31, 2018ASSETSCash and cash equivalentsAccounts receivable, net of allowancesInventories, netDeferred charges and prepaid expensesOther current assetsTotal Current AssetsProperty, plant and equipment, netOperating lease right-of-use assetsPension assetsIntangible assets, netOther non-current assetsTotal AssetsLIABILITIESAccounts payableSalaries, wages and benefitsAccrued pension and postretirement costsCurrent operating lease liabilitiesOther current liabilitiesTotal Current LiabilitiesConvertible notes, netCredit agreementNon-current operating lease liabilitiesDeferred income taxesOther non-current liabilitiesTotal LiabilitiesSHAREHOLDERS' EQUITYAdditional paid-in capitalRetained deficitTreasury sharesAccumulated other comprehensive income (loss)Total Shareholders' EquityTotal Liabilities and Shareholders' EquityCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSOperating ActivitiesNet income (loss)Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:Depreciation and amortizationAmortization of deferred financing fees and debt discountImpairment charges and loss on sale or disposal of assetsStock-based compensation expensePension and postretirement expense (benefit), netPension and postretirement contributions and paymentsChanges in operating assets and liabilities:Accounts receivable, netOther accrued expensesOther, netNet Cash Provided (Used) by Operating ActivitiesInvesting ActivitiesCapital expendituresProceeds from disposals of property, plant and equipmentNet Cash Used by Investing ActivitiesFinancing ActivitiesProceeds from exercise of stock optionsShares surrendered for employee taxes on stock compensationRefunding Bonds repaymentsRepayments on credit agreementsBorrowings on credit agreementsDebt issuance costsNet Cash Provided (Used) by Financing ActivitiesIncrease (Decrease) in Cash and Cash EquivalentsCash and cash equivalents at beginning of periodCash and Cash Equivalents at End of PeriodPK ! §«ùè è docProps/app.xml
Microsoft Excel0falseWorksheets5please see discussion of nplease see discussion of n-1please see discussion of n-2please see discussion of n-3please see discussion of n-4falsefalsefalse12.0000PK ! %¿o]P P docProps/core.xml
2019-11-28T12:09:54Z2019-11-28T12:09:54ZPK ! FjÒ»¯ ¯ [Content_Types].xml
PK ! èøòº† †
xl/styles.xml
PK ! úFTR R xl/theme/theme1.xml
PK ! òŸIÚK K _rels/.rels
PK ! |\Døí í xl/_rels/workbook.xml.rels
PK ! 2Œp6 6 € xl/worksheets/sheet1.xmlPK ! ƒJ=õ õ €l xl/worksheets/sheet2.xmlPK ! 9a×÷Ì! Ì! €— xl/worksheets/sheet3.xmlPK ! ktØÐ Ð €™+ xl/worksheets/sheet4.xmlPK ! y ÿéÑ3 Ñ3 €ŸK xl/worksheets/sheet5.xmlPK ! ³#ª“J J €¦ xl/workbook.xmlPK ! šå ·µ µ €ƒ xl/sharedStrings.xmlPK ! §«ùè è €› docProps/app.xmlPK ! %¿o]P P €Ÿ docProps/core.xmlPK ! FjÒ»¯ ¯ €™¡ [Content_Types].xmlPK ! èøòº† †
€y¨ xl/styles.xmlPK ! úFTR R €*µ xl/theme/theme1.xmlPK ! òŸIÚK K €Ð _rels/.relsPK ! |\Døí í €!Ó xl/_rels/workbook.xml.relsPK ˜ FØ