Brief: Timken Co Q3 Sales Rose 9.6 Percent To $1.14 Billion

Timken

26/10/2022 11:59

Oct 26 (Reuters) - Timken Co  TKR.N :
    * TIMKEN REPORTS STRONG THIRD-QUARTER 2022 RESULTS; RAISES
FULL-YEAR OUTLOOK
    * Q3 SALES ROSE 9.6 PERCENT TO $1.14 BILLION
    * Q3 ADJUSTED EARNINGS PER SHARE $1.52
    * Q3 GAAP EARNINGS PER SHARE $1.18
    * SEES FY GAAP EARNINGS PER SHARE $5.15 TO $5.30
    * RAISES ADJUSTED EARNINGS OUTLOOK; NOW EXPECTS 2022 GAAP
EARNINGS
PER DILUTED SHARE OF $5.15 TO $5.30 AND ADJUSTED EPS OF $5.80 TO
$5.95
    * NOW EXPECTS 2022 REVENUE TO BE UP APPROXIMATELY 9 PERCENT
IN
TOTAL AT MIDPOINT FROM 2021
    * Q3 EARNINGS PER SHARE VIEW $1.33, REVENUE VIEW $1.09
BILLION --
REFINITIV IBES DATA
    * FY2022 EARNINGS PER SHARE VIEW $5.69, REVENUE VIEW $4.43
BILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn3nq5Sca 
Further company coverage:  TKR.N 
 ((Reuters.Briefs@thomsonreuters.com;))