Timken (NYSE: TKR) reported Q1 EPS of $1.40, $0.06 worse than the analyst estimate of $1.46. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.13 billion.

GUIDANCE:

Timken sees FY2025 EPS of $5.10-$5.60, versus the consensus of $5.43. The company is now planning for 2025 revenue in the range of -2.5% to 0% in total compared to 2024. Timken is reaffirming its full-year cost reduction target, with actions expected to generate gross savings of approximately $75 million in 2025.

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