Timken Company is a global leader in engineered bearings and mechanical power transmission products
The company specializes in manufacturing high-performance bearings that are essential for various industries, including aerospace, automotive, heavy equipment, and industrial machinery. With a strong focus on innovation and technology, Timken provides solutions that enhance efficiency, reliability, and performance in diverse applications. Additionally, the company offers services such as lubrication and maintenance, contributing to the long-term functionality of equipment and systems in which its products are utilized.
Industrial component provider Timken (NYSETKR) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 1.6% year on year to $1.07 billion. Its non-GAAP profit of $1.16 per share was 17.2% above analysts’ consensus estimates.
Wall Street rose on Wednesday, with all major equity indices advancing as investors assessed the latest batch of corporate earnings and drew optimism from positive labor market data.
Timken currently trades at $76.74 per share and has shown little upside over the past six months, posting a small loss of 4.7%. The stock also fell short of the S&P 500’s 12.6% gain during that period.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the engineered components and systems industry, including Timken (NYSETKR) and its peers.
We are looking for value in the Industrials Sector because we are still in a strong bull market that has been not only one of the longest on record, but also has seen the S&P 500 get to one of its lofty valuations ever.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at engineered components and systems stocks, starting with Regal Rexnord (NYSERRX).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the engineered components and systems industry, including Park-Ohio (NASDAQPKOH) and its peers.
Industrial component provider Timken (NYSETKR) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 1.4% year on year to $1.13 billion. Its non-GAAP profit of $1.23 per share was 10.6% below analysts’ consensus estimates.
