Timken (TKR) Tops Q1 EPS by 3c

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Go back to Timken (TKR) Tops Q1 EPS by 3c

Timken Reports First-Quarter 2016 Results

April 27, 2016 6:41 AM EDT

NORTH CANTON, Ohio, April 27, 2016 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings, today reported sales of $684 million for the first quarter of 2016, approximately 5 percent lower than the same period a year ago. Excluding the impact of currency, sales were down 2.5 percent, primarily due to market weakness across most sectors partially offset by growth in automotive and the net benefit of acquisitions and... More