TimkenSteel Corporation reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 323.5 million compared to USD 352 million a year ago. Net income was USD 14.4 million compared to USD 37.1 million a year ago.

Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 0.7 a year ago.