Last $41.82 USD
Change Today +0.15 / 0.36%
Volume 684.1K
TKR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 10/30/14 All times are local (Market data is delayed by at least 15 minutes).

timken co (TKR) Snapshot

Open
$41.38
Previous Close
$41.67
Day High
$41.88
Day Low
$41.11
52 Week High
07/3/14 - $49.96
52 Week Low
12/12/13 - $35.95
Market Cap
3.8B
Average Volume 10 Days
784.8K
EPS TTM
$2.40
Shares Outstanding
90.8M
EX-Date
08/15/14
P/E TM
17.4x
Dividend
$1.00
Dividend Yield
2.34%
Current Stock Chart for TIMKEN CO (TKR)

timken co (TKR) Related Businessweek News

View More BusinessWeek News

timken co (TKR) 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.

19,052 Employees
Last Reported Date: 02/28/14
Founded in 1899

timken co (TKR) 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 (TKR) Key Developments

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.

Suitors Reportedly Proceed To Second Round Of Bidding For Emerson Power Unit

A number of industrial companies and private equity firms have moved to the second round of bidding for the power transmission solutions business of Emerson Electric Co. (NYSE:EMR), Reuters reported, citing sources. Among the bidders are Timken Co. (NYSE:TKR), Regal Beloit Corporation (NYSE:RBC), Altra Industrial Motion Corp. (NasdaqGS:AIMC), Warburg Pincus LLC and Onex Corporation (TSX:OCX). Emerson has been evaluating options for the unit, which is valued at between $1.2 billion and $1.6 billion. A decision is expected by the end of 2014.

Timken Co. to Report Q3, 2014 Results on Oct 28, 2014

Timken Co. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 28, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TKR:US $41.82 USD +0.15

TKR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Allegheny Technologies Inc $31.63 USD +0.24
Lennox International Inc $88.50 USD +0.65
Linamar Corp C$57.11 CAD 0.00
Manitowoc Co Inc/The $19.85 USD -0.03
Triumph Group Inc $68.29 USD +4.87
View Industry Companies
 

Industry Analysis

TKR

Industry Average

Valuation TKR Industry Range
Price/Earnings 16.5x
Price/Sales 0.9x
Price/Book 2.3x
Price/Cash Flow 20.6x
TEV/Sales 0.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact TIMKEN CO, please visit www.timken.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.