Timken (NYSE: TKR) reported Q2 EPS of $1.04, $0.37 better than the analyst estimate of $0.67. Revenue for the quarter came in at $750.6 million versus the consensus estimate of $713.46 million.

2017 Outlook

\"As a result of stronger end-market demand, recent acquisitions and the advancements we've made in our business, we are raising our full-year revenue and earnings outlook for 2017," said Kyle. "In the second half, we expect to deliver double digit year-on-year growth in revenue and EPS while expanding margins and delivering strong free cash flow."

The company now expects 2017 revenue to be up approximately 11 percent in total versus 2016. Within its segments, the company estimates full-year 2017:

Mobile Industries sales to be up 11 to 12 percent, driven by the benefit of acquisitions and improved demand in the off-highway and heavy truck sectors, partially offset by continued weakness in the rail sector.
Process Industries sales to be up 10 to 11 percent, reflecting growth across most end-market sectors and the benefit of acquisitions.

Timken now anticipates 2017 earnings per diluted share to range from $2.60 to $2.70 for the full year on a GAAP basis, which does not include the impact of any potential mark-to-market pension remeasurement adjustments in the second half.

Excluding special items (detailed in attached tables), the company expects 2017 adjusted earnings per diluted share to range from $2.50 to $2.60.

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