Brief: Timken Reports Record First-Quarter 2023 Results Raises Full-Year Outlook

Timken

03/05/2023 12:23

Timken Co  TKR.N :
    * TIMKEN REPORTS RECORD FIRST-QUARTER 2023 RESULTS; RAISES
FULL-YEAR OUTLOOK
    * RAISES 2023 OUTLOOK; NOW EXPECTS 2023 EPS OF $5.90-$6.40,
WITH
ADJUSTED EPS OF $7.00-$7.50
    * IS NOW PLANNING FOR 2023 REVENUE TO BE UP APPROXIMATELY
9.5
PERCENT IN TOTAL AT MIDPOINT FROM 2022
    * NOW EXPECT OPERATING MARGINS TO INCREASE IN 2023,
REFLECTING
FAVORABLE PRICE-COST AND BETTER OPERATIONAL EXECUTION
    * FY2023 EARNINGS PER SHARE VIEW $7.02 -- REFINITIV IBES
DATA
    * QUARTERLY ADJUSTED EPS OF $2.09

Source text for Eikon:  ID:nPn4XN7qja 
Further company coverage:  TKR.N