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Timken Reports Record First-Quarter 2021 Results; Raises Full-Year Outlook


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NORTH CANTON, Ohio, April 28, 2021 /PRNewswire/
 The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products,
 today reported first-quarter 2021 sales of $1.03 billion, up 11 percent from the same period a year ago. The increase was driven by organic growth across most end-market sectors led by renewable energy and off-highway, as well as the benefit of currency translation and the Aurora Bearing acquisition. First quarter sales were up 15 percent from the fourth quarter.
Timken posted net income of $113.3 million or $1.47 per diluted share in the first quarter, versus net income of $80.7 million or $1.06 per diluted share for the same period a year ago. The year-over-year increase was primarily driven by higher volume, favorable manufacturing performance and lower selling, general and administrative (SG&A) expenses, partially offset by unfavorable mix and higher m ....

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Timken Reports Fourth-Quarter and Full-Year 2020 Results; Expects Strong Growth in 2021


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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 for the same period a year ago. The year-over-year decrease in GAAP net income was primarily driven by the net unfavorable impact of special items (detailed in the attached tables), including pension remeasurements and discrete taxes. ....

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Aerospace Bearings Market Report 2021: By Key Vendors, Types, Potential Applications,Future Growth and Outlook 2026- Market.biz


Press release content from Wired Release. The AP news staff was not involved in its creation.
Aerospace Bearings Market Report 2021: By Key Vendors, Types, Potential Applications,Future Growth and Outlook 2026- Market.biz
January 28, 2021 GMT
Pune, Maharashtra, India, January 28 2021 (Wiredrelease) MarketDesk :According to a new report from market research firm Market.biz, the Global Aerospace Bearings Market 2021 is now forecasted to grow from 20162026, leading the industry in less years. Most of the growth in the Aerospace Bearings is coming from rapidly growing emerging markets.Aerospace Bearings Market, 2021-2026 Industry Research Report is an exhaustive study on the current market scenario of the global Aerospace Bearings industry with a special focus on the International market of this industry. The report overviews key statistics of the Aerospace Bearings Market and the overall status of the Aerospace Bearings Key Players. ....

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Timken Buys Aurora Bearing, Positions Itself As Engineered Bearings Leader


Timken Buys Aurora Bearing, Positions Itself As Engineered Bearings Leader
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One of North America’s largest providers of bearings products and other power transmission solutions is growing further.
Timken which had 2019 total sales of $3.8 billion said that Aurora will end up with 2020 full-year sales of about $30 million. Specializing in the production of rod ends and spherical plain bearings, Aurora has about 220 employees between its offices, manufacturing facility, and research and development center in Montgomery, a suburb southwest of Chicago. Founded in 1971, privately owned Aurora’s key end markets are in aerospace and defense, off-highway equipment, packaging, and auto racing. ....

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