Hunan Bearing Co Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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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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