NYSE$TKR
The Timken Company · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported third-quarter sales of $895 million with earnings per diluted share of $1.16 on a GAAP basis.
Timken reported third-quarter sales of $894.6 million, a decrease of 2.1 percent compared to the same period last year. Earnings per diluted share were $1.16 on a GAAP basis, and adjusted EPS was $1.13. The company generated $153.6 million in cash from operations and $124.4 million in free cash flow.
- Third-quarter sales were $895 million, down 2.1 percent from last year.
- Earnings per diluted share were $1.16 on a GAAP basis, with adjusted EPS of $1.13.
- Generated strong cash from operations of $154 million and free cash flow of $124 million in the quarter.
- Markets continued to recover from the April trough, with revenue exceeding expectations and approaching last year’s level.
Headline financials
Revenue & EPS history
Timken · Revenue · Quarterly
$895M
Revenue by segment
Timken · $1.14B total across 2 segments · Q3 2023
- Engineered Bearings$776M—67.9%
- Industrial Motion$367M—32.1%
Forward guidance
The company expects markets to remain relatively stable with normal seasonality through the end of the year and is focused on finishing 2020 strong. The company is not providing full year 2020 sales and earnings guidance at this time.
Tailwinds
- Solid demand across most markets.
- Strong balance sheet.
- Strong cash flow.
- Well positioned heading into 2021.
- Focused on strategy to deliver long-term profitable growth.
Headwinds
- There remains a fair amount of uncertainty surrounding the pandemic.
- Markets to remain relatively stable with normal seasonality through the end of the year.
- Not providing full year 2020 sales and earnings guidance at this time.
- Decline from the prior year was driven by lower demand in most end markets
- Unfavorable impact of lower volume, price/mix and currency, and higher restructuring charges
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.4%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.7%
Avg return
30 days after
50%
34 / 68 earnings
Positive
+14.9%
Q4 2015
Best reaction
-14.6%
Q3 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.3% | +7.0% | +20.2% | |
| Q4 2025 | +3.2% | +13.3% | +3.7% | |
| Q3 2025 | +2.4% | +0.9% | +5.4% | |
| Q1 2025 | -1.6% | +1.7% | +4.9% | |
| Q4 2024 | +3.5% | +3.3% | -2.3% | |
| Q3 2024 | -5.0% | -7.8% | -8.7% | |
| Q2 2024 | -1.2% | -5.4% | -1.2% | |
| Q1 2024 | +0.9% | +3.2% | -0.3% | |
| Q4 2023 | -5.6% | -3.9% | -1.1% | |
| Q3 2023 | +2.6% | +3.6% | +8.0% | |
| Q2 2023 | -11.4% | -13.1% | -14.1% | |
| Q1 2023 | -4.0% | -1.6% | +1.2% | |
| Q4 2022 | -1.4% | -3.2% | +1.7% | |
| Q3 2022 | +0.2% | +4.0% | +9.6% | |
| Q2 2022 | +5.5% | +2.5% | +4.6% | |
| Q1 2022 | +5.6% | +2.4% | +4.0% | |
| Q4 2021 | -1.2% | -1.7% | -4.7% | |
| Q3 2021 | +1.2% | +2.5% | -8.3% | |
| Q2 2021 | -4.0% | -4.4% | -8.4% | |
| Q1 2021 | +4.2% | +2.0% | +5.6% | |
| Q4 2020 | -9.3% | -7.2% | +0.6% | |
| Q3 2020 | +5.5% | +13.0% | +32.1% | |
| Q2 2020 | +7.4% | +13.5% | +25.7% | |
| Q1 2020 | -2.6% | -3.4% | +13.2% | |
| Q4 2019 | -0.2% | +2.2% | -18.0% | |
| Q3 2019 | -0.1% | +8.1% | +7.2% | |
| Q2 2019 | -10.9% | -12.6% | -17.1% | |
| Q1 2019 | +5.4% | +7.2% | -8.2% | |
| Q4 2018 | -3.5% | -0.5% | -2.0% | |
| Q3 2018 | +1.5% | +8.1% | +5.9% | |
| Q2 2018 | +1.2% | +1.1% | +6.3% | |
| Q1 2018 | +6.3% | +8.2% | +10.6% | |
| Q4 2017 | -9.7% | -8.6% | -4.0% | |
| Q3 2017 | -5.4% | -8.8% | -8.8% | |
| Q2 2017 | -6.5% | -7.8% | -11.1% | |
| Q1 2017 | +1.1% | -0.2% | -4.4% | |
| Q4 2016 | +2.6% | +3.1% | +1.2% | |
| Q3 2016 | -5.6% | -6.7% | +13.3% | |
| Q2 2016 | +3.2% | +2.9% | +5.4% | |
| Q1 2016 | -1.5% | — | — | |
| Q4 2015 | +14.9% | — | — | |
| Q3 2015 | +7.9% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | -3.8% | — | — | |
| Q4 2014 | -6.2% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | -4.3% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | +3.3% | — | — | |
| Q3 2013 | -14.6% | — | — | |
| Q2 2013 | -5.5% | — | — | |
| Q1 2013 | +1.0% | — | — | |
| Q4 2012 | +2.7% | — | — | |
| Q3 2012 | +2.5% | — | — | |
| Q2 2012 | -0.3% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q1 2010 | +1.6% | — | — | |
| Q3 2011 | +8.7% | — | — | |
| Q2 2011 | -8.9% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q4 2010 | -7.6% | — | — | |
| Q4 2008 | -7.6% | — | — | |
| Q3 2009 | +6.0% | — | — | |
| Q3 2010 | +6.0% | — | — | |
| Q2 2009 | -0.5% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q4 2009 | -0.5% | — | — |
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