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Timken Co (TKR.N)

TKR.N on New York Stock Exchange

37.86USD
14 Dec 2018
Change (% chg)

$-0.16 (-0.42%)
Prev Close
$38.02
Open
$37.48
Day's High
$38.66
Day's Low
$37.48
Volume
124,539
Avg. Vol
165,301
52-wk High
$55.65
52-wk Low
$34.94

Latest Key Developments (Source: Significant Developments)

Timken Q3 Adjusted Earnings Per Share $1.06 Excluding Items
Monday, 29 Oct 2018 04:30pm EDT 

Oct 29 (Reuters) - Timken Co ::TIMKEN REPORTS STRONG THIRD-QUARTER 2018 RESULTS; RAISES FULL-YEAR EARNINGS OUTLOOK.Q3 ADJUSTED EARNINGS PER SHARE $1.06 EXCLUDING ITEMS.Q3 GAAP EARNINGS PER SHARE $0.91.Q3 SALES ROSE 14 PERCENT TO $881 MILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $4.18 TO $4.23.SEES FY 2018 GAAP EARNINGS PER SHARE $3.98 TO $4.03.RAISES 2018 EARNINGS OUTLOOK.FY2018 EARNINGS PER SHARE VIEW $4.19 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER DILUTED SHARE OF $4.18 TO $4.23.EXPECTS 2018 GAAP EARNINGS PER DILUTED SHARE OF $3.98 TO $4.03.Q3 EARNINGS PER SHARE VIEW $1.07, REVENUE VIEW $914.2 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Timken Co Entered Into Credit Agreement With Keybank National Association
Friday, 14 Sep 2018 06:58am EDT 

Sept 14 (Reuters) - Timken Co ::TIMKEN CO - ON SEPT 11, CO ENTERED INTO A CREDIT AGREEMENT WITH KEYBANK NATIONAL ASSOCIATION - SEC FILING.TIMKEN CO - CREDIT AMENDMENT PROVIDES FOR TERM LOAN FACILITY OF $350 MILLION THAT MATURES ON SEPTEMBER 11, 2023.TIMKEN CO - INTENDS TO USE PROCEEDS OF TERM LOAN TO FINANCE PORTION OF PURCHASE PRICE IN CONNECTION WITH CO'S ACQUISITION OF ROLLON S.P.A..  Full Article

Timken Files For Potential Mixed Shelf Offering, Size Not Disclosed
Wednesday, 1 Aug 2018 06:54am EDT 

Aug 1 (Reuters) - Timken Co ::TIMKEN FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Timken Says Unit Entered Agreement To Purchase Outstanding Share Capital & Warrants Of Rollon S.P.A.
Friday, 27 Jul 2018 05:08pm EDT 

July 27 (Reuters) - Timken Co ::TIMKEN - UNIT ENTERED INTO PURCHASE AGREEMENT TO PURCHASE OUTSTANDING SHARE CAPITAL & WARRANTS OF ROLLON S.P.A., FOR ENTERPRISE VALUE OF EUR468.4 MILLION.  Full Article

Timken To Expand Portfolio With Acquisition Of Rollon
Friday, 27 Jul 2018 03:00am EDT 

July 27 (Reuters) - Timken Co ::TIMKEN TO EXPAND PORTFOLIO WITH ACQUISITION OF ROLLON, A LEADER IN LINEAR MOTION.SAYS TIMKEN EXPECTS ACQUISITION TO BE ACCRETIVE TO EARNINGS IN FIRST YEAR OF OWNERSHIP.SAYS TRANSACTION IS EXPECTED TO CLOSE IN LATE SEPTEMBER 2018 AND WILL BE FUNDED WITH DEBT.SAYS HAS REACHED AN AGREEMENT WITH PAN-EUROPEAN FIRM CHEQUERS CAPITAL AND IGI PRIVATE EQUITY TO ACQUIRE ROLLON GROUP.  Full Article

Timken Increases Dividend
Tuesday, 8 May 2018 09:20am EDT 

May 8 (Reuters) - Timken Co ::TIMKEN INCREASES DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.28PER SHARE.SETS QUARTERLY CASH DIVIDEND OF $0.28PER SHARE.4 PERCENT INCREASE TO COMPANY'S QUARTERLY CASH DIVIDEND, RAISING IT TO 28 CENTS PER SHARE.  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 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