Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $42.06 USD
Change Today +1.26 / 3.09%
Volume 1.1M
TKR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

timken co (TKR) Key Developments

Timken Co. Appoints Michael A. Discenza as Vice President and Controller for the Mobile and Process Industries Segments

Timken Co. appointed Michael A. Discenza as vice president and controller for the mobile and process industries segments. He is responsible for providing financial leadership and problem-solving to support the decision needs of the business segments, while driving profitable growth and return on invested capital. Since 2013, Discenza has been director of accounting and financial planning and analysis.

The Timken Company Presents at Bank of America Merrill Lynch Global Industrials and EU Autos Conference, Mar-17-2015 01:05 PM

The Timken Company Presents at Bank of America Merrill Lynch Global Industrials and EU Autos Conference, Mar-17-2015 01:05 PM. Venue: Bank of America Merrill Lynch Financial Centre, London, United Kingdom. Speakers: Andreas Roellgen, Managing Director of Europe and Vice President of Process Industries, Philip D. Fracassa, Chief Financial Officer and Executive Vice President.

The Timken Company Presents at Evercore ISI Annual Industrial Conference, Mar-03-2015 11:10 AM

The Timken Company Presents at Evercore ISI Annual Industrial Conference, Mar-03-2015 11:10 AM. Venue: St. Regis Hotel, New York, New York, United States. Speakers: Philip D. Fracassa, Chief Financial Officer, Richard G. Kyle, Chief Executive Officer, President and Director, Steve Tschiegg, Director of Capital Markets & Investor Relations.

The Timken Company Declares Quarterly Cash Dividend, Payable on March 6, 2015

The Timken Company's board of directors declared a quarterly cash dividend of 25 cents per share. The dividend is payable on March 6, 2015, to shareholders of record as of Feb. 23, 2015.

The Timken Company Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter of 2014; Provides Earnings Guidance for the Year 2015

The Timken Company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $762.2 million against $749.5 million a year ago. The revenue increase was driven by organic growth in Process Industries, partially offset by unfavorable currency and a decrease in Mobile Industries sales due to planned program exits. Operating income was $50.7 million against $69.6 million a year ago. EBIT was $49.9 million against $76.8 million a year ago. Income from continuous operations was $39.3 million or $0.43 per diluted share against $33.8 million or $0.35 per diluted share a year ago. Net income attributable to the company was $41.9 million or $0.47 per diluted share against $52.6 million or $0.55 per diluted share a year ago. Net cash provided by operating activities was $111.6 million against $180.1 million a year ago. Capital expenditures were $39.7 million against $42.0 million a year ago. Adjusted net income from continuing operations was $57.9 million or $0.65 per share against $45.2 million or $0.48 per share a year ago. Free cash flow was $66.7 million against $114.2 million a year ago. EBIT after adjustments was $88.8 million against $76.3 million a year ago. For the full year, the company reported net sales of $3,076.2 million against $3,035.4 million a year ago. Operating income was $208.4 million against $305.9 million a year ago. EBIT was $228.3 million against $312.6 million a year ago. Income from continuous operations was $147.0 million or $1.58 per diluted share against $175.5 million or $1.82 per diluted share a year ago. Net income attributable to the company was $166.2 million or $1.82 per diluted share against $262.7 million or $2.74 per diluted share a year ago. Net cash provided by operating activities was $307.0 million against $430.0 million a year ago. Capital expenditures were $126.8 million against $133.6 million a year ago. Adjusted net income from continuing operations was $232.9 million or $2.55 per share against $198.6 million or $2.07 per share a year ago. Free cash flow was $152.4 million against $159.2 million a year ago. EBIT after adjustments was $375.6 million against $329.2 million a year ago. For the quarter, the company has announced impairment charges of $0.1 million against $0.1 million a year ago. For 2015, the company expects year-over-year revenue to be up a net 1% after offsetting currency from an expected increase of approximately 4% organic growth. The company projects 2015 earnings per diluted share to range from $0.85 to $0.95, which includes $1.80 of non-cash pension settlement charges and $0.20 per share of charges associated with cost-reduction initiatives and plant rationalizations, partially offset by $0.25 of income associated with discrete tax accrual adjustments. Excluding these items, 2015 adjusted earnings per diluted share are expected to range from $2.65 to $2.75, up 6% at the midpoint, as organic growth and the benefit of margin expansion initiatives are expected to be offset by the impact of currency. The company expects to maintain a 33% adjusted tax rate for 2015. Adjusted EBIT margin for the year 2015 to be in the range of 12.5% to 13%. For 2015, the company expects free cash flow of roughly $220 million after CapEx spending at around 4% of sales.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TKR:US $42.06 USD +1.26

TKR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Crane Co $62.86 USD -0.08
Joy Global Inc $39.80 USD +1.21
MSC Industrial Direct Co Inc $72.23 USD +1.02
Regal-Beloit Corp $79.94 USD +1.71
Stanley Electric Co Ltd ¥2,765 JPY -41.00
View Industry Companies
 

Industry Analysis

TKR

Industry Average

Valuation TKR Industry Range
Price/Earnings 25.4x
Price/Sales 1.2x
Price/Book 2.3x
Price/Cash Flow 21.1x
TEV/Sales 0.9x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact TIMKEN CO, please visit . 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.