Timken (TKR) Misses Q4 EPS by 3c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Below Consensus

Timken (NYSE: TKR) reported Q4 EPS of $1.00, $0.03 worse than the analyst estimate of $1.03. Revenue for the quarter came in at $910.1 million versus the consensus estimate of $922.62 million.

"We generated strong growth and financial performance again in the fourth quarter," said Richard G. Kyle, Timken president and chief executive officer. "In 2018, Timken delivered record adjusted earnings per share, significant year-over-year revenue gains and higher operating margins. Our relentless focus on winning with customers with innovative problem solving and industry-leading customer service helped us deliver market outgrowth across multiple sectors during the year. The execution of our strategy, along with our consistent and deliberate approach to capital allocation has positioned us to deliver even higher levels of performance going forward."

GUIDANCE:

Timken sees FY2019 EPS of $4.70-$4.90, versus the consensus of $4.86.

For earnings history and earnings-related data on Timken (TKR) click here.

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