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Timken Q3 2024 Earnings Report

Timken logo
$71.63 +0.87 (+1.23%)
(As of 12/20/2024 05:16 PM ET)

Timken EPS Results

Actual EPS
$1.23
Consensus EPS
$1.38
Beat/Miss
Missed by -$0.15
One Year Ago EPS
$1.55

Timken Revenue Results

Actual Revenue
$1.13 billion
Expected Revenue
$1.12 billion
Beat/Miss
Beat by +$8.85 million
YoY Revenue Growth
-1.40%

Timken Announcement Details

Quarter
Q3 2024
Time
Before Market Opens
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Timken Earnings Headlines

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About Timken

Timken (NYSE:TKR) designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings. This segment serves wind energy, agriculture, construction, food and beverage, metals and mining, automotive and truck, aerospace, rail, and other industries under the Timken, GGB, and Fafnir brands. Its Industrial Motion segment offers a portfolio of engineered products comprising industrial drives, automatic lubrication systems, linear motion products and systems, chains, belts, seals, couplings, filtration systems, and industrial clutches and brakes. It also provides industrial drivetrain and bearing repairing services. This segment serves a range of industries, such as solar energy, automation, construction, agriculture and turf, passenger rail, marine, aerospace, packaging and logistics, medical, and others under the Philadelphia Gear, Cone Drive, Rollon, Nadella, Groeneveld, BEKA, Diamond, Drives, Timken Belts, Spinea, Des-Case, Lagersmit, Lovejoy, and PT Tech brands. The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio.

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