Timken (TKR) Misses Q4 EPS by 9c, Revenue Beats, Offers Guidance
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Timken Reports Fourth-Quarter and Full-Year 2020 Results; Expects Strong Growth in 2021
February 4, 2021 6:51 AM ESTNORTH CANTON, Ohio, Feb. 4, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today reported fourth-quarter 2020 sales of $891.7 million, down 0.5 percent from the same period a year ago, as the net impact of lower demand offset the favorable impact of acquisitions, currency translation and pricing.
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