Bearings maker Timken rises on Q4 profit beat

Timken

05/02/2025 16:33

** Bearings and industrial motion products maker Timken's
 TKR.N  shares rise 2.26% to $80.69, highest since Nov. 4
    ** Co reports Q4 adj profit of $1.16 per share, above
analysts' average estimate of $0.99 per share - data compiled by
LSEG
    ** Also reports Q4 net sales of $1.07 bln
    ** Expects outlook FY25 adj profit between $5.30 per share
and $5.80 per share
    ** Says cost cutting can save ~$75 million in 2025
    ** Shares fell ~10.95% in 2024
    



 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.Kumari@thomsonreuters.com;))