secwatch.observer — SEC 8-K summary
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Issuer:     TIMKEN CO (TKR)
CIK:        0000098362
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0000098362-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Timken Q4 sales $1.08B, EPS $1.32; record FY22 adj. EPS $6.02; FY23 guidance $6.50-$7.10
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- Q4 sales $1.08B (+7.4% total, +10.2% organic); EPS $1.32; adjusted EPS $1.22 (Q4 record).
- Full-year 2022 record adjusted EPS $6.02 (+28% vs 2021); net sales $4.5B (+8.8%).
- 2023 initial guidance: EPS $5.80-$6.40; adjusted EPS $6.50-$7.10 (excluding acquisition intangible amortization).
- Acquired assets of American Roller Bearing Co. and agreed to acquire Nadella Group (combined ~$140M 2022 revenue).
- Process Industries EBITDA margin 23.4% (adj. 24.4%); Mobile Industries EBITDA margin 10.7% (adj. 11.3%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98362/000009836223000007/0000098362-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98362/000009836223000007/tkr-20230206.htm
  HTML page:      https://secwatch.observer/filing/0000098362-23-000007

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