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Timken Co (TKR.N)

TKR.N on New York Stock Exchange

47.10USD
18 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Timken Sees FY 2018 Adjusted Earnings Per Share of $3.50 To $3.60
Monday, 19 Mar 2018 05:01pm EDT 

March 19 (Reuters) - Timken Co ::TIMKEN INCREASES OUTLOOK FOR 2018.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $3.50 TO $3.60.SEES FY 2018 GAAP EARNINGS PER SHARE $3.35 TO $3.45.SEES FY 2018 SALES UP 12 TO 13 PERCENT.IMPROVED 2018 OUTLOOK DRIVEN BY HIGHER DEMAND ACROSS INDUSTRIAL, OFF-HIGHWAY AND HEAVY TRUCK SECTORS.FY2018 EARNINGS PER SHARE VIEW $3.32, REVENUE VIEW $3.31 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Timken Q4 Adj SHR $0.68 Excluding Items
Wednesday, 7 Feb 2018 06:51am EST 

Feb 7 (Reuters) - Timken Co ::TIMKEN REPORTS STRONG FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS; EXPECTS CONTINUED GROWTH IN 2018.Q4 ADJUSTED EARNINGS PER SHARE $0.68 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.37.Q4 SALES ROSE 18.8 PERCENT TO $778 MILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $3.20 TO $3.30.SEES FY 2018 GAAP EARNINGS PER SHARE $3.05 TO $3.15.REPORTS Q4 SALES $778 MILLION.REPORTS Q4 SALES UP 19 PERCENT.COMPANY EXPECTS 2018 REVENUE TO BE UP APPROXIMATELY 9 TO 10 PERCENT IN TOTAL VERSUS 2017.Q4 EARNINGS PER SHARE VIEW $0.68, REVENUE VIEW $768.0 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $3.28, REVENUE VIEW $3.27 BILLION -- THOMSON REUTERS I/B/E/S.TIMKEN - HIGHER INCOME TAX EXPENSE IN QUARTER WAS DRIVEN BY ONE-TIME CHARGES OF $35.3 MILLION RECORDED DUE TO ENACTMENT OF TAX CUTS AND JOBS ACT OF 2017.  Full Article

Timken ‍Expects Three Percentage Points Reduction In Global Effective Tax Rate In 2018 After Tax Act​
Wednesday, 31 Jan 2018 08:00am EST 

Jan 31 (Reuters) - Timken Co ::TIMKEN - ‍ PRELIMINARILY, CO EXPECTS TCJA TO RESULT IN A ONE-TIME NET CHARGE OF ABOUT $35 MILLION IN Q4 - SEC FILING.TIMKEN - ‍FOR 2018, CO CURRENTLY EXPECTS TAX ACT TO RESULT IN NET REDUCTION IN ITS GLOBAL EFFECTIVE TAX RATE OF ABOUT THREE PERCENTAGE POINTS​.  Full Article

Timken reports Q3 earnings per share of $0.68
Wednesday, 25 Oct 2017 06:51am EDT 

Oct 25 (Reuters) - Timken Co :Timken reports strong third-quarter 2017 results; raises full-year outlook.Q3 adjusted earnings per share $0.71 excluding items.Q3 earnings per share $0.68.Q3 sales rose 17.3 percent to $771.4 million.Sees FY 2017 adjusted earnings per share $2.58 to $2.63 excluding items.Sees FY GAAP earnings per share $2.78 to $2.83.Timken Co- ‍expects 2017 revenue to be up approximately 12 percent in total versus 2016​.FY2017 earnings per share view $2.57, revenue view $2.97 billion -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.68, revenue view $758.9 million -- Thomson Reuters I/B/E/S.  Full Article

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

BRIEF-Timken Sees FY 2018 Adjusted Earnings Per Share of $3.50 To $3.60

* IMPROVED 2018 OUTLOOK DRIVEN BY HIGHER DEMAND ACROSS INDUSTRIAL, OFF-HIGHWAY AND HEAVY TRUCK SECTORS