Market Overview

Recap: Timken Q1 Earnings

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Shares of Timken (NYSE:TKR) were unchanged at $37.58 after the company reported Q1 results.

Quarterly Results

Earnings per share fell 17.78% year over year to $1.11, which beat the estimate of $1.07.

Revenue of $923,400,000 lower by 5.75% year over year, which beat the estimate of $917,840,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 01, 2020

Time: 12:00 PM ET

Webcast URL: https://78449.choruscall.com/dataconf/productusers/tkr/mediaframe/37218/indexr.html

Technicals

52-week high: $58.78

Company's 52-week low was at $22.25

Price action over last quarter: down 32.63%

Company Profile

The Timken Company is a manufacturer of bearings, gear belts, and chain-related products. The company sells its portfolio of bearings, including tapered, spherical and cylindrical roller bearings, and thrust and ball bearings, through a network of authorised dealers to end users or directly to original equipment manufacturers. End-market sectors include general industrial, automotive, rail, energy, heavy truck, defense, agriculture, metals, mining, civil aerospace, construction, pulp and paper, and cement industries. Its segments are Mobile Industries and Process industries. Timken generates most of its revenue in the United States of America.

 

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Posted-In: Earnings News