TMS International Earnings: Everything You Must Know Now

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

TMS International Corp. (NYSE:TMS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

TMS International Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $0.15 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Decreased 13.07% to $536.83 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TMS International Corp. reported adjusted EPS income of $0.15 per share. By that measure, the company missed the mean analyst estimate of $0.21. It missed the average revenue estimate of $590 million.

Quoting Management: Raymond Kalouche, President and Chief Executive Officer of TMS International Corp., said with respect to the company’s financial results, “We are pleased that our financial results are right in the middle of our full-year public guidance, which we provided in early 2012. Our revenue and EBITDA were up year-over-year despite a very challenging environment in the industry for much of the year. We continue to focus on creating value for our customers and shareholders in all business environments and executing our global growth plan.”

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business