Timken Q3 adj EPS $1.52 beats; raises FY22 outlook; announces GGB Bearings acquisition

TIMKEN CO

2022-Q3 EPS reported $4.16 revenue$3,414,700,000

Q3 sales $1.14B (+9.6% total, +13.6% organic); GAAP EPS $1.18, adj EPS $1.52 (record Q3).
Raises FY2022 adjusted EPS outlook to $5.80-$5.95 (midpoint ~25% growth vs 2021) and revenue growth ~9%.
Process Industries EBITDA margin 27.1% (adj 27.4%); Mobile Industries EBITDA margin 3.8% (adj 10.5%) with ADS impairment.
Free cash flow $97.9M; returned $71.8M to shareholders; net debt/EBITDA 1.8x.
Agreed to acquire GGB Bearings (~$200M revenue) and divest Aerospace Drive Systems (~$50M); both close in Q4.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.