secwatch.observer — SEC 8-K summary
======================================

Issuer:     TIMKEN CO (TKR)
CIK:        0000098362
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0000098362-21-000130
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Timken posts record Q2 sales of $1.06B (+32%); GAAP EPS $1.36, adjusted $1.37
-----------------------------------------------------------------------------

- Record revenue $1.06B, up 32% YoY; net income $104.8M vs $61.9M last year.
- Process Industries sales $568.7M (+23.4%); Mobile Industries $494.2M (+44.2%).
- Cash from ops $147M, free cash flow $116M; quarterly dividend raised 3% to $0.30/share.
- FY2021 guidance: GAAP EPS $5.00–$5.30, adjusted $5.15–$5.45; revenue expected up ~19%.
- Net debt to adjusted EBITDA 1.7x; backlog increased through quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98362/000009836221000130/0000098362-21-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98362/000009836221000130/tkr-20210802.htm
  HTML page:      https://secwatch.observer/filing/0000098362-21-000130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer