Timken (TKR) Misses Q2 EPS by 8c; Guides FY15 EPS Below Consensus

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Go back to Timken (TKR) Misses Q2 EPS by 8c; Guides FY15 EPS Below Consensus

Timken Reports Second-Quarter Results, Updates Outlook

July 30, 2015 7:21 AM EDT

NORTH CANTON, Ohio, July 30, 2015 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings, today reported sales of $728 million for the second quarter of 2015, down 8 percent from a year ago. Excluding currency impact of 5 percent, sales were down approximately 3 percent, primarily due to market-related declines in Mobile Industries that were partially offset by organic growth in Process Industries.

Net income from continuing operations was $36.7 million or $0.43 per diluted... More