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Timken (TKR) is benefiting from the healthy demand in its end markets, recent acquisitions and pricing actions.
Timken's (TKR) earnings and revenues increase y/y in the second quarter.
The Timken Company (NYSE:TKR ) Q2 2023 Earnings Conference Call August 3, 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 Bryan Blair - Oppenheimer Robert Wertheimer - Melius Research Stephen Barger - KeyBanc Capital Markets Michael Feniger - Bank of America Operator Good morning. My name is Brika, and I will be your conference operator for today.
Although the revenue and EPS for Timken (TKR) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Timken generated strong results in the most recent quarter, but they didn't quite meet expectations. The company also lowered full-year guidance to reflect current sales trends and the uncertain economic outlook.
Timken (TKR) came out with quarterly earnings of $2.01 per share, missing the Zacks Consensus Estimate of $2.07 per share. This compares to earnings of $1.67 per share a year ago.
Does Timken (TKR) have what it takes to be a top stock pick for momentum investors? Let's find out.
Timken (TKR) could produce exceptional returns because of its solid growth attributes.
Easing supply-chain issues and solid end-market demand should aid the Metal Products - Procurement and Fabrication industry's growth. SKFRY, TKR, ESAB, WOR and TRS are some stocks worth watching, backed by their healthy growth prospects.
Timken (TKR) is set to benefit from solid demand in end markets, particularly in food and beverage, acquisitions and operational excellence initiatives.