Timken: Q2 Earnings Insights

Shares of Timken TKR were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 19.69% over the past year to $1.02, which beat the estimate of $0.34.

Revenue of $803,500,000 declined by 19.65% year over year, which beat the estimate of $722,130,000.

Looking Ahead

Timken hasn't issued any earnings guidance for the time being.

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

Details Of The Call

Date: Aug 03, 2020

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/tkr/mediaframe/39365/indexr.html

Recent Stock Performance

Company's 52-week high was at $58.78

Company's 52-week low was at $22.25

Price action over last quarter: Up 24.79%

Company Description

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.