/PRNewswire/ The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will release.
/PRNewswire/ The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, has been.
Timken to Participate in the KeyBanc Industrials & Basic Materials Virtual Conference
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NORTH CANTON, Ohio, May 20, 2021 /PRNewswire/ The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will present at the KeyBanc Industrials & Basic Materials Virtual Conference on June 3, 2021, at 2 p.m. EDT.
Presenting on behalf of Timken will be Richard G. Kyle, president and chief executive officer and Philip D. Fracassa, executive vice president and chief financial officer. A live webcast of the presentation will be available for download at www.timken.com/investors. A replay of the webcast will be posted via the same website link until June 17, 2021.
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NORTH CANTON, Ohio, April 28, 2021 /PRNewswire/
The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products,
today reported first-quarter 2021 sales of $1.03 billion, up 11 percent from the same period a year ago. The increase was driven by organic growth across most end-market sectors led by renewable energy and off-highway, as well as the benefit of currency translation and the Aurora Bearing acquisition. First quarter sales were up 15 percent from the fourth quarter.
Timken posted net income of $113.3 million or $1.47 per diluted share in the first quarter, versus net income of $80.7 million or $1.06 per diluted share for the same period a year ago. The year-over-year increase was primarily driven by higher volume, favorable manufacturing performance and lower selling, general and administrative (SG&A) expenses, partially offset by unfavorable mix and higher material and log