Timken reports Q1 adjusted EPS $1.77, consensus $1.51

Reports Q1 revenue $1.19B, consensus $1.15B. “Timken posted solid results in the first quarter,” said Richard G. Kyle, Timken president and chief executive officer. “While below last year’s record level, revenue in the quarter modestly exceeded our expectations. We also delivered strong margin performance, with improved execution and favorable price-cost largely mitigating the impact of lower year-over-year organic revenue. Our results continue to demonstrate the strength and resiliency of Timken’s diverse portfolio and differentiated business model through dynamic economic conditions.”