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Stock Market & Financial Investment News

News For TKR From The Last 14 Days
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July 31, 2014
07:30 EDTTKRTimken sees FY14 adjusted EPS $2.40-$2.60, consensus $2.54
Timken backs FY14 revenue growth 3%, consensus $3.11B; Mobile Industries' sales are expected to be down 2 to 4 percent, anticipating that revenue reductions of approximately $110 million in the light vehicle sector will be partially offset by organic growth in the rail sector. Process Industries' sales are estimated to be up 10 to 12 percent as a result of improved penetration in targeted original equipment sectors, stable to modestly improving end markets, and acquisitions. Although the company anticipates increased shipments in the defense rotorcraft market sector, lower demand across the civil markets sectors and other defense platforms are expected to keep Aerospace sales relatively flat. The company expects to generate cash from operations of approximately $370 million in 2014. Free cash flow is projected to be $250 million after making capital expenditures of $120 million.
07:29 EDTTKRTimken reports Q2 adjusted EPS cont ops 65c, consensus 67c
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