Timken reports Q4 adjusted EPS $1.37, consensus $1.22

Reports Q4 revenue $1.09B, consensus $1.06B. “We delivered excellent results in the fourth quarter to close out another record year for The Timken Company,” said Richard Kyle, Timken president and chief executive officer. “In 2023, we grew revenue, expanded margins and set a new all-time record for adjusted earnings per share as our team executed well in this dynamic environment. The year also marked several other significant accomplishments, including six acquisitions and increasing our annual dividend for the 10th consecutive year. Through consistent execution of our profitable growth and capital allocation strategies, we continue to scale and enhance our position as a diversified industrial leader and improve our ability to deliver higher levels of performance.”