Timken (TKR) Tops Q1 EPS by 12c, Raises FY EPS Guidance

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Go back to Timken (TKR) Tops Q1 EPS by 12c, Raises FY EPS Guidance

Timken Reports First-Quarter 2017 Results; Raises Full-Year Outlook

April 26, 2017 6:51 AM EDT

NORTH CANTON, Ohio, April 26, 2017 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings and mechanical power transmission products, today reported first-quarter 2017 sales of $703.8 million, up 2.9 percent from the same period a year ago. The results reflect increased industrial distribution and off-highway demand, as well as the benefit of acquisitions, partially offset by lower rail, wind energy and aerospace shipments.

In the first quarter, Timken... More