Timken Reports Fourth-Quarter and Full-Year 2019 Results
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Timken (TKR) Misses Q4 EPS by 12c, Revenues Beat; Offers FY20 EPS Guidance Below Consensus
February 5, 2020 6:55 AM ESTTimken (NYSE: TKR) reported Q4 EPS of $0.84, $0.12 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $896.2 million versus the consensus estimate of $885.42 million.
"Fourth quarter revenue was in line with our expectations and cash flow finished the year strong. While profitability fell short, a significant portion of this related to some higher than normal operating expenses in the quarter that are not expected to persist," said Richard G. Kyle, Timken president and chief executive... More
