Last €35.95 EUR
Change Today +0.59 / 1.67%
Volume 0.0
TKH On Other Exchanges
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As of 3:17 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

timken co (TKH) Snapshot

Open
€35.38
Previous Close
€35.36
Day High
€35.95
Day Low
€35.35
52 Week High
07/1/14 - €49.50
52 Week Low
01/28/14 - €27.74
Market Cap
3.2B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
88.7M
EX-Date
11/20/14
P/E TM
--
Dividend
€0.97
Dividend Yield
2.09%
Current Stock Chart for TIMKEN CO (TKH)

timken co (TKH) Related Businessweek News

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timken co (TKH) Details

The Timken Company engineers, manufactures, and markets mechanical components, and bearings worldwide. It operates in three segments: Mobile Industries, Process Industries, and Aerospace. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chain augers, and related products and maintenance services to original equipment manufacturers (OEMs) of off-highway equipment for the agricultural, construction, and mining markets. It also provides passenger cars, light trucks, and medium- and heavy-duty trucks; and rail cars and locomotives. This segment sells it parts through a network of authorized automotive and heavy-truck distributors to individual end users, equipment owners, operators, and maintenance shops. The Process Industries segment supplies industrial bearings and assemblies; power transmission components, including gears and gearboxes; and couplings, seals, lubricants, chains, and related products and services to OEMs and end-users in various industries. It also supports aftermarket sales and service needs through its network of authorized industrial distributors; and offers repair and service for bearings and gearboxes, as well as electric motor rewind, repair, and services to end users. The Aerospace provides bearings, helicopter transmission systems, rotor-head assemblies, turbine engine components, gears, and housings. It also provides aftermarket products and services, including complete engine overhaul, aerospace bearing repair, component reconditioning, and replacement parts; and manufactures precision bearings, complex assemblies, and sensors for applications in spacecraft and robotic vehicles, as well as for manufacturers of health and critical motion control equipment. The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio.

17,000 Employees
Last Reported Date: 11/10/14
Founded in 1899

timken co (TKH) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $566.7K
Executive Vice President and Group President
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

timken co (TKH) Key Developments

The Timken Company Elects Maria A. Crowe as Director

The Timken Company's board of directors has elected Maria A. Crowe a director of the company for a term that expires at its May 2015 annual meeting. Crowe currently serves as president of manufacturing operations for Eli Lilly and Company. Crowe joined Lilly in 1982 and since 2012 has led Lilly's global manufacturing network comprised of more than 20 sites on five continents.

The Timken Company Declares Quarterly Cash Dividend, Payable on December 5, 2014

The Timken Company board of directors declared a quarterly cash dividend of 25 cents per share. The dividend is payable on December 5, 2014, to shareholders of record as of November 24, 2014.

The Timken Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014 and Full Year 2014

The Timken Company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $788.0 million against $731.4 million a year ago. Operating income was $2.3 million against $58.9 million a year ago. Loss from continuing operations before income taxes was $4.0 million against income of $54.7 million a year ago. Loss from continuing operations was $3.1 million or $0.04 per diluted share against income of $34.8 million or $0.36 per diluted share a year ago. Net loss attributable to the company’s shareholders was $14.8 million or $0.16 per diluted share against income of $52.2 million or $0.54 per diluted share a year ago. EBIT was $4.1 million against $59.3 million a year ago. Net cash provided by operating activities was $79.2 million against $112.4 million a year ago. Capital expenditures were $38.6 million against $27.7 million a year ago. Net income attributable to the company’s shareholders, after adjustments was $69.9 million or $0.77 per share against $38.1 million or $0.40 per share a year ago. EBIT, after adjustments was $115.1 million against $63.8 million a year ago. The increase in sales was primarily driven by organic growth in Process Industries. The loss in the current quarter includes expense of $74.5 million net of tax or $0.83 per share, which relates to non-cash impairment and restructuring charges previously announced as part of the company's efforts to improve the performance of the aerospace business. For the nine months, the company reported net sales of $2,314.0 million against $2,285.9 million a year ago. Operating income was $166.1 million against $236.3 million a year ago. Income from continuing operations before income taxes was $169.5 million against $219.7 million a year ago. Income from continuing operations was $114.8 million or $1.23 per diluted share against $141.7 million or $1.47 per diluted share a year ago. Net income attributable to the company’s shareholders was $131.4 million or $1.43 per diluted share against $210.1 million or $2.18 per diluted share a year ago. EBIT was $186.8 million against $235.8 million a year ago. Net cash provided by operating activities was $195.4 million against $249.9 million a year ago. Capital expenditures were $87.1 million against $91.6 million a year ago. Net income attributable to the company’s shareholders, after adjustments was $175.4 million or $1.91 per share against $231.1 million or $1.59 per share a year ago. EBIT, after adjustments was $286.2 million against $252.6 million a year ago. Net debt at September 30, 2014 was $277.9 million. EBITDA was $115 million or 14.6% of sales compared to $64 million or 8.7% of sales last year. Operating margins in the fourth quarter 2014 are expected to be up from prior year but will be lower than third quarter 2014 due to seasonality and actions to reduce inventory levels. The company expects fourth-quarter revenue to be up approximately 3% compared with last year. EBIT margins is to be up from the prior year. For full-year 2014, the company expected revenue from continuing operations to increase approximately 2% compared to 2013. The company projected 2014 earnings per diluted share from continuing operations to range from $1.45 to $1.55. Adjusted earnings per diluted share are expected to range from $2.45 to $2.55, consistent with prior estimates at the midpoint. The company now expected to generate cash from operations of approximately $305 million in 2014. Free cash flow is projected to be $190 million after making capital expenditures of $115 million. Adjusted EBIT margin is to be in the range of 12% to 12.5%, slightly above prior estimate.

 

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Industry Analysis

TKH

Industry Average

Valuation TKH Industry Range
Price/Earnings 17.9x
Price/Sales 0.9x
Price/Book 2.4x
Price/Cash Flow 22.0x
TEV/Sales 0.7x
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