TKR Stock Recent News

The Timken Company's shares have rallied in the fourth quarter on the back of improved growth prospects and non-demanding valuations. The company produces bearings, power transmission products, and related products and services for various industries, and simply has become a better business over time. Despite a softer third quarter, I see further growth in 2024 and prospects for a valuation re-rating.

Timken (TKR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The market mix that TKR has is impressive and has led to strong revenue growth in the last few years. With steady growth like it has had, I think a higher valuation makes sense. The upside here is in the double digits, and that leaves me to rate TKR a buy for investors seeking a well-run and well-diversified business.

Timken Company is a long-term compounder with a history of predictable cash flows and strong customer networks. TKR has created immense wealth for its owners over the years by producing 15–20% returns on equity capital for the last decade. The company's sensible approach to capital allocation and attractive valuations make it a compelling investment opportunity.

Timken (TKR) is benefiting from the healthy demand in its end markets, recent acquisitions and pricing actions.

Timken's (TKR) Q3 top line reflects benefits from higher pricing and acquisitions, offset by lower volumes.

The Timken Company (NYSE:TKR ) Q3 2023 Earnings Conference Call November 1, 2023 11:00 AM ET Company Participants Neil Frohnapple - Director, IR Richard Kyle - President & CEO Philip Fracassa - EVP & CFO Conference Call Participants Stephen Volkmann - Jefferies David Raso - Evercore ISI Robert Wertheimer - Melius Research Jacob Moore - KeyBanc Capital Markets Timothy Thein - Citi Michael Feniger - Bank of America Operator Good morning and welcome to Timken's Third Quarter Earnings Release Conference Call. My name is Lidia and I will be your conference operator today.

NORTH CANTON, Ohio , Oct. 13, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, will release its third-quarter 2023 financial results on Wednesday, Nov. 1, prior to the opening of the New York Stock Exchange. The company will host a conference call that day to discuss its financial performance with investors and securities analysts.

Timken (TKR) acquires Rosa Sistemi to further advance its linear motion portfolio and expand its geographical footprint.

Timken (TKR) buys Des-Case, a manufacturer of specialty filtration products, to boost its portfolio.