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Timken Co (TKR.N)

TKR.N on New York Stock Exchange

49.80USD
18 May 2018
Change (% chg)

$0.35 (+0.71%)
Prev Close
$49.45
Open
$49.35
Day's High
$49.95
Day's Low
$49.35
Volume
111,772
Avg. Vol
150,497
52-wk High
$55.65
52-wk Low
$41.85

Latest Key Developments (Source: Significant Developments)

Timken Increases Dividend
Tuesday, 8 May 2018 

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 

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 

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 

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 

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
Tuesday, 28 Jun 2016 

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

BRIEF-Timken Increases Dividend

* 4 PERCENT INCREASE TO COMPANY'S QUARTERLY CASH DIVIDEND, RAISING IT TO 28 CENTS PER SHARE Source text for Eikon: Further company coverage: