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Timken Co (TKR.N)

TKR.N on New York Stock Exchange

47.70USD
17 Aug 2018
Change (% chg)

$0.35 (+0.74%)
Prev Close
$47.35
Open
$47.10
Day's High
$47.85
Day's Low
$47.10
Volume
63,615
Avg. Vol
134,766
52-wk High
$55.65
52-wk Low
$41.85

Latest Key Developments (Source: Significant Developments)

Timken Files For Potential Mixed Shelf Offering, Size Not Disclosed
Wednesday, 1 Aug 2018 

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.
Saturday, 28 Jul 2018 

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 

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 

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

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: