Timken (TKR) Tops Q4 EPS by 13c, Guides for FY23

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Go back to Timken (TKR) Tops Q4 EPS by 13c, Guides for FY23

Timken Reports Strong Fourth-Quarter and Full-Year 2022 Results

February 6, 2023 6:51 AM EST

Sales of $1.08 billion in the fourth quarter, up 7 percent in total and 10 percent organically from last year Fourth-quarter EPS of $1.32; adjusted EPS of $1.22Record full-year 2022 EPS of $5.48; record adjusted EPS of $6.02Starting in 2023, adjusted EPS will be revised to exclude acquisition intangible amortization expenseCompany provides initial estimate for 2023 EPS of $5.80-$6.40, with adjusted EPS of $6.50-$7.10

NORTH CANTON, Ohio, Feb. 6, 2023 /PRNewswire/ -- The Timken Company... More