Last $38.01 USD
Change Today -0.47 / -1.22%
Volume 2.0M
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

timken co (TKR) Snapshot

Open
$38.01
Previous Close
$38.48
Day High
$38.63
Day Low
$37.92
52 Week High
07/3/14 - $49.96
52 Week Low
10/15/14 - $37.62
Market Cap
3.4B
Average Volume 10 Days
1.1M
EPS TTM
$2.77
Shares Outstanding
88.7M
EX-Date
11/20/14
P/E TM
13.7x
Dividend
$1.00
Dividend Yield
2.63%
Current Stock Chart for TIMKEN CO (TKR)

timken co (TKR) Related Businessweek News

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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.

16,000 Employees
Last Reported Date: 01/29/15
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 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.

The Timken Company to Report Q4, 2014 Results on Jan 29, 2015

The Timken Company announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Jan 29, 2015

The Timken Company, Q4 2014 Earnings Call, Jan 29, 2015

The Timken Company, Q4 2014 Earnings Call, Jan 29, 2015

 

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TKR

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Valuation TKR Industry Range
Price/Earnings 24.0x
Price/Sales 1.1x
Price/Book 2.1x
Price/Cash Flow 20.3x
TEV/Sales 0.8x
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