secwatch.observer — SEC 8-K summary
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Issuer:     TIMKEN CO (TKR)
CIK:        0000098362
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000098362-22-000083
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Timken reports record Q2 sales $1.15B, adjusted EPS $1.67, raises FY2022 guidance
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- Record Q2 sales $1.15B, up 8.5% YoY (organic +11%), led by industrial distribution and off-highway.
- Record Q2 GAAP EPS $1.42; all-time record adjusted EPS $1.67, vs $1.37 a year ago.
- Raises 2022 EPS outlook: GAAP $5.15-$5.45, adjusted $5.50-$5.80; revenue up ~7% at midpoint.
- Free cash flow $37.4M, returned $67.2M via dividends and buybacks; dividend raised 3% to $0.31.
- Completed acquisition of Spinea on May 31; net debt/EBITDA 2.0x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98362/000009836222000083/0000098362-22-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98362/000009836222000083/tkr-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000098362-22-000083

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