Timken (TKR) Tops Q3 EPS by 3c; Guides In-Line

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Timken Reports Third-Quarter 2016 Results

October 27, 2016 6:51 AM EDT

NORTH CANTON, Ohio, Oct. 27, 2016 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings and mechanical power transmission products, today reported third-quarter 2016 sales of $657 million, down approximately 7 percent from the same period a year ago. Excluding unfavorable currency of 1 percent, sales were down 6 percent due to weakness across most end markets, partially offset by the net benefit of acquisitions and divestitures.

In the third quarter,... More