Timken Reports Record First-Quarter 2021 Results; Raises Full-Year Outlook
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Timken (TKR) Tops Q1 EPS by 27c, Revenues Beat; Raises FY21 EPS Outlook Above Consensus
April 28, 2021 6:55 AM EDTTimken (NYSE: TKR) reported Q1 EPS of $1.47, $0.27 better than the analyst estimate of $1.20. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $980.6 million.
"We posted an outstanding first quarter, achieving double-digit revenue growth, margin expansion and record adjusted earnings per share despite supply chain challenges and cost headwinds," said Richard G. Kyle, Timken president and chief executive officer.... More
