Timken (TKR) Tops Q3 EPS by 23c, Revenues Beat

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Go back to Timken (TKR) Tops Q3 EPS by 23c, Revenues Beat

Timken Reports Third-Quarter 2020 Results

October 29, 2020 6:51 AM EDT

NORTH CANTON, Ohio, Oct. 29, 2020 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today reported third-quarter 2020 sales of $894.6 million, down 2.1 percent from the same period a year ago. The decline from the prior year was driven by lower demand in most end markets, partially offset by significant growth in renewable energy and the favorable impact of acquisitions. Third quarter sales were up 11.3 percent from the second quarter.

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