Timken (TKR) Misses Q2 EPS by 7c, misses revenue, provides outlook

Timken (NYSE: TKR) reported Q2 EPS of $2.01, $0.07 worse than the analyst estimate of $2.08. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.3 billion.

2023 Outlook:

Timken is updating its 2023 outlook, with full-year earnings per diluted share now forecasted to be in the range of $5.70 to $6.10 and adjusted earnings per diluted share in the range of $6.90 to $7.30. The company is now planning for 2023 revenue to be up approximately 8 percent in total at the midpoint from 2022.

For earnings history and earnings-related data on Timken (TKR) click here.

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