Timken Q3 2021 sales up 16% to $1.04B; adjusted EPS $1.18, a Q3 record

TIMKEN CO

2021-Q3 EPS reported $3.97 revenue$3,125,600,000

Q3 sales $1.04B (+16% YoY); GAAP EPS $1.14; adjusted EPS $1.18.
Process Industries sales $550M (+18%); EBITDA margin 23.6%.
Mobile Industries sales $487M (+13.7%); EBITDA margin 10.9%.
Free cash flow $62.7M; returned $53.1M to shareholders via dividends and buybacks.
Completed acquisition of Intelligent Machine Solutions (iMS); expects robust demand into 2022 with price realization.

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