secwatch.observer — SEC 8-K summary
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Issuer:     TIMKEN CO (TKR)
CIK:        0000098362
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0000098362-24-000127
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Timken Q3 adjusted EPS $1.23 vs $1.55 YoY; lowers FY2024 EPS outlook to $5.55-$5.65
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- Q3 sales $1.13B, down 1.4% YoY; organic sales down 2.9%.
- GAAP EPS $1.16; adjusted EPS $1.23, down from $1.55 a year ago.
- Adjusted EBITDA margin 16.9% vs 18.9% YoY; free cash flow $88.2M.
- Full-year 2024 adjusted EPS guidance cut to $5.55-$5.65 from prior; revenue seen down ~4%.
- Acquired CGI, Inc., a precision drive systems manufacturer for medical robotics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98362/000009836224000127/0000098362-24-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98362/000009836224000127/tkr-20241105.htm
  HTML page:      https://secwatch.observer/filing/0000098362-24-000127

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