Timken sees Q1 earnings exceeding expectations

While the company didn’t update guidance for Q1, Timken said the company previously expected Q1 revenue to be up mid- to high-single digits organically, but "We’re now looking like we’ll be up at least high single digits organically." Consensus is $1.23B. The company said its backlog remains healthy across most of the sectors it serves. The company expects Q1 earnings to exceed expectations and likely places it on a trajectory that would be towards the high end of guidance "if not higher." Comments taken from the BofA Global Industrials Conference.