Brief: Timken Reports Strong Fourth-Quarter Results To Close Out A Record 2023

Timken

05/02/2024 12:57

Feb 5 (Reuters) - Timken Co  TKR.N :
    * TIMKEN REPORTS STRONG FOURTH-QUARTER RESULTS TO CLOSE OUT
A
RECORD 2023
    * TIMKEN CO - QTRLY ADJUSTED EPS OF $1.37
    * TIMKEN CO: SEES  2024 REVENUE TO BE DOWN IN RANGE OF 2.5%
TO
4.5% IN TOTAL
    * TIMKEN CO: EXPECT TO DELIVER SOLID OPERATING MARGINS AND A
SIGNIFICANT STEP-UP IN FREE CASH FLOW IN 2024
    * TIMKEN CO:  IMECH AND LAGERSMIT TRANSACTIONS EXPECTED TO
ADD
AROUND $70 MILLION OF PRO FORMA ANNUAL REVENUE AND BE ACCRETIVE
TO COMPANY OPERATING MARGINS

Source text for Eikon:  ID:nPn2CWNjka 
Further company coverage:  TKR.N