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Layoffs Coming Soon at Diamond Chain Co

Layoffs Coming Soon at Diamond Chain Co
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Chains and Sprockets Market - Massive Growth Ahead | Renold, Rexnord, Timken

Chains and Sprockets Market - Massive Growth Ahead | Renold, Rexnord, Timken
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Global Chain Drives Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts

The "Chain Drives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

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Timken Reports Fourth-Quarter and Full-Year 2020 Results; Expects Strong Growth in 2021

Share this article Share this article NORTH 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. Timken posted net income of $53.1 million or $0.69 per diluted share in the fourth quarter, versus net income of $113.5 million or $1.48 per diluted share for the same period a year ago. The year-over-year decrease in GAAP net income was primarily driven by the net unfavorable impact of special items (detailed in the attached tables), including pension remeasurements and discrete taxes.

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Timken Buys Aurora Bearing, Positions Itself As Engineered Bearings Leader

Timken Buys Aurora Bearing, Positions Itself As Engineered Bearings Leader Share: Welcome to Thomas Insights every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in industry. Sign up here to get the day’s top stories delivered straight to your inbox. One of North America’s largest providers of bearings products and other power transmission solutions is growing further. Timken which had 2019 total sales of $3.8 billion said that Aurora will end up with 2020 full-year sales of about $30 million. Specializing in the production of rod ends and spherical plain bearings, Aurora has about 220 employees between its offices, manufacturing facility, and research and development center in Montgomery, a suburb southwest of Chicago. Founded in 1971, privately owned Aurora’s key end markets are in aerospace and defense, off-highway equipment, packaging, and auto racing.

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