Timken (TKR) Tops Q4 EPS by 16c; Guides FY16 EPS Below Views

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Go back to Timken (TKR) Tops Q4 EPS by 16c; Guides FY16 EPS Below Views

Timken Reports Fourth-Quarter Results, Provides 2016 Outlook

February 3, 2016 6:51 AM EST

NORTH CANTON, Ohio, Feb. 3, 2016 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings, today reported sales of $714.4 million for the fourth quarter of 2015, approximately 6 percent lower than the same period a year ago. Excluding the impact of currency, sales were down just under 2 percent, primarily due to market-related declines in Process Industries, which were partially offset by sales from the recently acquired Carlisle belts product... More