secwatch.observer — SEC 8-K summary
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Issuer:     TIMKEN CO (TKR)
CIK:        0000098362
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000098362-23-000132
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Timken Q3 adjusted EPS $1.55 on sales $1.14B; updates 2023 outlook
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- Sales $1.14B, up 0.6% YoY; EPS $1.23, adjusted EPS $1.55.
- Cash from ops $194M; free cash flow $151M; repurchased 775K shares.
- Engineered Bearings adj. EBITDA margin 20.2%; Industrial Motion adj. EBITDA margin 20.5%.
- Updated FY2023 outlook: EPS $5.60-$5.70, adjusted EPS $6.85-$6.95, revenue +5.0%-5.5%.
- Completed acquisitions of Des-Case and Rosa Sistemi; net of iMECH and TWB adds ~$50M revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98362/000009836223000132/0000098362-23-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98362/000009836223000132/tkr-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000098362-23-000132

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