Timken (TKR) Tops Q4 EPS by 15c, Beats on Revenue; Offers FY24 EPS Guidance
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Timken Reports Strong Fourth-Quarter Results to Close Out a Record 2023
February 5, 2024 6:51 AM ESTSales of $1.09 billion in the fourth quarter, up 1 percent from last yearFourth-quarter earnings per share of $0.83; adjusted EPS of $1.37Record full-year sales of $4.8 billion, up 6 percent from last yearFull-year 2023 EPS of $5.47; record adjusted EPS of $7.05Full-year net income margin of 8.3 percent; adjusted EBITDA margin of 19.7 percentCompany provides initial estimate for 2024 EPS of $4.90-$5.30, with adjusted EPS of $5.80-$6.20 on lower... More
