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Timken Co (TKR.N)

TKR.N on New York Stock Exchange

43.30USD
17 Aug 2017
Change (% chg)

$-0.35 (-0.80%)
Prev Close
$43.65
Open
$43.40
Day's High
$43.70
Day's Low
$42.80
Volume
115,489
Avg. Vol
155,059
52-wk High
$51.70
52-wk Low
$31.60

Latest Key Developments (Source: Significant Developments)

Timken acquires Groeneveld Group for about $280 million
Tuesday, 27 Jun 2017 04:01pm EDT 

June 27 (Reuters) - Timken Co ::Timken to acquire Groeneveld Group, enhancing its lubrication systems platform.Timken Co - deal for approximately $280 million..Timken Co - deal expected to be accretive to timken's ebitda margin.Timken Co - ‍henk groeneveld, sole shareholder and non-executive president, will be retiring from company​.Timken Co - transaction is expected to be accretive to adjusted earnings per share in 2017.Timken Co - transaction will be funded with a combination of cash and debt.Timken Co - as part of transaction, henk groeneveld, sole shareholder and non-executive president, will be retiring from company.Timken Co - as part of transaction, henk groeneveld, sole shareholder and non-executive president, will be retiring from company.  Full Article

TIMKEN INCREASES QUARTERLY DIVIDEND BY 4 PCT TO 27 CENTS PER SHARE
Tuesday, 9 May 2017 09:45am EDT 

May 9 (Reuters) - Timken Co :TIMKEN INCREASES QUARTERLY DIVIDEND 4% TO 27 CENTS PER SHARE.  Full Article

Timken acquires PT Tech
Friday, 5 May 2017 08:30am EDT 

May 5 (Reuters) - Timken Co : :Timken acquires PT Tech, adding industrial clutches and brakes to its mechanical power transmission portfolio.Timken Co - terms of transaction were not disclosed..Timken Co - in 2016, sales were approximately $20 million for PT Tech.  Full Article

Timken acquires Torsion Control Products
Friday, 7 Apr 2017 08:30am EDT 

Timken Co : Timken acquires Torsion Control Products, broadening its couplings product line .Timken Co says terms of transaction were not disclosed.  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

BRIEF-Timken acquires Groeneveld Group for about $280 million

* Timken to acquire Groeneveld Group, enhancing its lubrication systems platform