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BRIEF-Timken Raises Full-Year Earnings Outlook

BRIEF-Timken Raises Full-Year Earnings Outlook

Reuters · 07/28/2022 07:25
BRIEF-Timken Raises Full-Year Earnings Outlook

- Timken Co TKR:

  • TIMKEN REPORTS RECORD SECOND-QUARTER 2022 RESULTS; RAISES FULL-YEAR EARNINGS OUTLOOK

  • Q2 GAAP EARNINGS PER SHARE $1.42

  • Q2 SALES ROSE 8.5 PERCENT TO $1.15 BILLION

  • Q2 ADJUSTED EARNINGS PER SHARE $1.67

  • RAISES EARNINGS OUTLOOK; NOW EXPECTS 2022 GAAP EARNINGS PER DILUTED SHARE OF $5.15 TO $5.45 AND ADJUSTED EPS OF $5.50 TO $5.80

  • Q2 EARNINGS PER SHARE VIEW $1.34, REVENUE VIEW $1.13 BILLION -- REFINITIV IBES DATA

  • FY2022 EARNINGS PER SHARE VIEW $5.31 -- REFINITIV IBES DATA

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Further company coverage: TKR


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