Timken Steel announced earnings results for the fourth quarter of 2017. For the quarter, sales rose to $341.4 million from $214.7 million in the year-ago. Net loss narrowed to $0.77 per share from a loss of $1.52 last year.

For the first quarter of 2018, shipments are expected to be between 3% and 6% higher than previous quarter due to seasonality, while earnings are projected to be between a net loss of $3 million and net income of $7 million. EBITDA is projected to be between $20 million and $30 million.