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.
