Timken Reports Fourth-Quarter and Full-Year 2020 Results; Expects Strong Growth in 2021
Share this article Share this article NORTH CANTON, Ohio, Feb. 4, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today reported fourth-quarter 2020 sales of $891.7 million, down 0.5 percent from the same period a year ago, as the net impact of lower demand offset the favorable impact of acquisitions, currency translation and pricing. Timken posted net income of $53.1 million or $0.69 per diluted share in the fourth quarter, versus net income of $113.5 million or $1.48 per diluted share fo...