Timken Reports First-Quarter 2024 Results; Raises Full-Year Outlook [Yahoo! Finance]
Timken Company (The) (TKR)
Last timken company (the) earnings: 5/1 06:51 am
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Source: Yahoo! Finance
Strong margin performance in the quarter, with net income margin of 8.7 percent and adjusted EBITDA margin of 20.7 percent Raises full-year 2024 outlook; now expects EPS of , with adjusted EPS of , on improved organic revenue NORTH CANTON, Ohio April 30, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com ), a global technology leader in engineered bearings and industrial motion, today reported first-quarter 2024 sales of $1.19 billion, down 5.7 percent from the same period a year ago. The decrease was driven by lower demand, including a significant decline in renewable energy in China , and unfavorable foreign currency translation, partially offset by the benefit of acquisitions (net of divestitures) and favorable pricing. Timken posted net income in the first quarter of $103.5 million or .46 per diluted share. This compares to net income of $122.3 million or $1.67 per diluted share for the same period a year ago. The company's net income margin in the quarter w
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News
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- Timken (TKR) Tops Q1 Earnings Estimates, Raises '24 View [Yahoo! Finance]Yahoo! Finance
TKR
Earnings
- 4/30/24 - Beat
TKR
Sec Filings
- 5/16/24 - Form FWP
- 5/16/24 - Form 424B5
- 5/15/24 - Form 4
- TKR's page on the SEC website