Timken sees FY23 adjusted $6.50-$7.10, consensus $6.67

Sees FY23 revenue up 6%, consensus $4.67B. "We are planning for 2023 to be another year of growth for The Timken Company," said Kyle. "We expect to benefit from favorable price-cost, organic outgrowth initiatives, improving operational execution and the impact of our recent acquisitions. While uncertainty remains elevated, we continue to see healthy demand and the year is already off to a strong start." Kyle continued, "We are projecting a sizeable step-up in operating cash flow this year and we will continue to create value through our disciplined approach to capital allocation. Our team is excited about the opportunities in front of us and confident in our strategy to drive profitable growth and strong shareholder returns over time."