New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 30, 2014
17:35 EDTTMST, TKRTimken completes spinoff of TimkenSteel Corporation
The Timken Company (TKR) announced that it has completed its spinoff of TimkenSteel Corporation (TMST), which begins trading as an independent public company tomorrow on the New York Stock Exchange under the symbol TMST. "The spinoff offers exceptional opportunity to drive value for both The Timken Company and TimkenSteel Corporation, their respective employees and shareholders," said Richard G. Kyle, president and chief executive officer of The Timken Company. "We offer congratulations to Tim Timken and the entire TimkenSteel team on their launch as an independent steel company, and wish them every success in advancing their leadership position as a special bar quality steelmaker. At the same time, we extend a special thanks to Timken associates for their hard work and commitment. After the spinoff, The Timken Company will continue to focus on its bearings business as well as power transmission products and related services, which include gearboxes, chain, lubrication systems, transmissions, and other related rebuild and maintenance services. "We are committed to creating value for our customers and our shareholders," said Kyle. "The separation is now behind us and we are focused on growing our business in targeted markets across the world."
News For TMST;TKR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 30, 2014
17:03 EDTTMSTTimkenSteel sees 2014 revenue growth 20%-22%
Sees Q4 CapEx $55M-$65M.
17:02 EDTTMSTTimkenSteel reports Q3 EPS 56c, one estimate 53c
Subscribe for More Information
October 28, 2014
07:30 EDTTKRTimken expects to generate cash from operatoins of $305M in 2014
Free cash flow is projected to be $190M after making capital expenditures of $115M.
07:30 EDTTKRTimken sees FY14 Mobile Industries sales to be down 5%
Subscribe for More Information
07:29 EDTTKRTimken raises FY14 adjusted EPS to $2.45-$2.55 from $2.40-$2.60, consensus $2.50
Sees FY14 revenue from continuing operations to increase 2%, consensus $3.12B.
07:27 EDTTKRTimken reports Q3 adjusted EPS 77c, consensus 65c
Reports Q3 revenue $788M, consensus $783.11M

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use