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Timken Co (TKR.N)

TKR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Timken reports Q4 earnings per share $0.31
Thursday, 9 Feb 2017 06:51am EST 

Timken Co : Timken reports fourth-quarter and full-year 2016 results, provides 2017 outlook . Q4 earnings per share $0.31 . Q4 sales fell 8.3 percent to $655 million . Sees FY 2017 adjusted earnings per share $2.05 to $2.15 excluding items . Sees FY 2017 GAAP earnings per share $1.90 to $2.00 . Sees Q4 GAAP earnings per share $0.31 . Timken Co - expects 2017 revenue to be relatively flat compared with 2016. . Timken Co - company expects 2017 revenue to be relatively flat compared with 2016 . FY2017 earnings per share view $2.04, revenue view $2.67 billion -- Thomson Reuters I/B/E/S . Timken Co - plans to adopt mark-to-market pension accounting for its defined benefit pension and other postretirement benefit plans in Q1 of 2017 . Timken - Change related to mark-to-market pension accounting to have no effect on employees' retirement benefits, plan funding requirements, co's cash flows . Timken Co - under new accounting method, will immediately recognize actuarial gains, losses in year in which they occur than amortizing them over many yrs .Timken Co - adjusted earnings for 2016 are expected to be revised upward by approximately $0.15 per diluted share.  Full Article

Timken sees FY 2016 GAAP earnings per share $1.70-$1.80
Thursday, 28 Jul 2016 06:51am EDT 

Timken Co : Company expects 2016 revenue to be down approximately 6 percent in total versus 2015 . Mobile Industries reported second-quarter sales of $367.8 million, 5.4 percent lower than same period . Timken co says 2016 mobile industries' sales expected to be down 6 to 7 percent . Fy2016 earnings per share view $1.94, revenue view $2.73 billion -- Thomson Reuters I/B/E/S . Reports second-quarter 2016 results . Sees FY 2016 adjusted earnings per share $1.90 to $2.00 . Q2 adjusted earnings per share $0.55 . Q2 GAAP earnings per share $0.57 . Q2 sales fell 7.5 percent to $674 million . Sees FY 2016 GAAP earnings per share $1.70 to $1.80 . "expect target markets to weaken further in second half" . Process industries sales of $305.8 million for Q2 declined 9.9 percent from same period a year ago . Maintaining full-year adjusted earnings guidance .Q2 earnings per share view $0.50, revenue view $691.5 million -- Thomson Reuters I/B/E/S.  Full Article

Timken acquires Lovejoy Inc for about $66 mln
Friday, 8 Jul 2016 08:02am EDT 

Timken Co : Timken acquires Lovejoy, Inc.; expanding product portfolio to include industrial couplings & universal joints . Deal for approximately $66 million .Expects acquisition to be accretive to earnings in first year of ownership, excluding one-time transaction costs..  Full Article

S&P upgrades Timken Co to 'BBB' on strong credit metrics, outlook stable
Monday, 27 Jun 2016 03:23pm EDT 

S&P:Timken Co. upgraded to 'BBB' on strong credit metrics, outlook stable; debt ratings raised to 'BBB'.  Full Article

Timken Co declares quarterly dividend of 26 cents per share
Friday, 12 Feb 2016 01:38pm EST 

Timken Co:Declared a quarterly cash dividend of 26 cents per share.Dividend is payable on March 3 to shareholders of record date as of Feb. 23.  Full Article

Timken Co gives FY 2016 guidance
Wednesday, 3 Feb 2016 06:51am EST 

Timken Co:Says that it is planning for FY 2016 revenue to be down about 4 to 5 percent versus FY 2015, including 2 percent from currency declines.Anticipates FY 2016 earnings per diluted share to range from $1.35 to $1.45 on a GAAP basis.Excluding unusual items, the company expects FY 2016 adjusted earnings per diluted share to be $1.90 to $2.00.  Full Article

Timken Co declares quarterly cash dividend
Thursday, 13 Aug 2015 11:09am EDT 

Timken Co:Declares quarterly cash dividend of 26 cents per share.Payable on Sept. 3, of record as of Aug. 24.  Full Article

Timken Co to acquire Carlstar belts business
Monday, 3 Aug 2015 09:00am EDT 

Timken Co:To acquire carlstar belts business, further expanding its product portfolio.Says transaction is expected to be accretive over the balance of 2015.Transaction, will be funded with a combination of cash and debt.Reached agreement with American industrial partners to acquire carlstar belts business.  Full Article

Timken Co comments on longterm revenue guidance; lowers prior FY 2015 EPS guidance
Thursday, 30 Jul 2015 07:30am EDT 

Timken Co:Says that it expects year-over-year revenue to be down about 7 to 8 percent.Sees FY 2015 earnings per diluted share to range from $0.30 to $0.40.  Full Article

Timken increases quarterly dividend 4 pct
Thursday, 7 May 2015 09:39am EDT 

Timken Co:Approves a 4 percent increase to the company's quarterly dividend, raising it to $0.26 per share.Says the dividend to shareholders of record as of May 18, 2015, is payable on June 2, 2015.  Full Article

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BRIEF-Timken reports Q4 earnings per share $0.31

* Timken reports fourth-quarter and full-year 2016 results, provides 2017 outlook