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Sep 30, 2024
Timken Q3 2024 Earnings Report
Timken's third-quarter results were reported, with sales decreasing by 1.4 percent and adjusted EPS at $1.23.
Key Takeaways
Timken reported Q3 2024 sales of $1.13 billion, a 1.4% decrease year-over-year. EPS was $1.16, with adjusted EPS at $1.23. The company updated its full-year outlook, now expecting EPS of $4.65-$4.75, with adjusted EPS of $5.55-$5.65.
Sales decreased by 1.4 percent from last year to $1.13 billion.
Third-quarter earnings per share (EPS) was $1.16; adjusted EPS was $1.23.
Cash from operations amounted to $123 million, and free cash flow was $88 million.
The full-year 2024 outlook was updated, projecting an EPS range of $4.65-$4.75, and an adjusted EPS range of $5.55-$5.65.
Revenue by Segment
Forward Guidance
Timken is reducing its full-year 2024 outlook, with earnings per diluted share now forecasted to be in the range of $4.65 to $4.75 and adjusted earnings per diluted share in the range of $5.55 to $5.65. The company now expects revenue to be down approximately 4 percent in total from 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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