NYSE$TKR
The Timken Company · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Timken's fourth-quarter earnings were reported, revealing sales of $896 million and GAAP EPS of $1.48.
Timken reported fourth-quarter sales of $896 million, a 1.5% decrease year-over-year, and GAAP earnings per diluted share of $1.48. The company's performance was impacted by lower demand in the Mobile Industries segment and unfavorable currency, offset by acquisitions and positive pricing. Net income for the quarter was $113.5 million, and free cash flow was $137.6 million.
- Fourth-quarter sales were $896 million, down 1.5 percent from last year.
- Fourth-quarter earnings per diluted share were $1.48 on a GAAP basis, with adjusted EPS of $0.84.
- Net cash from operations for the quarter was $195.3 million, and free cash flow was $137.6 million.
- The company expects 2020 revenue to be in the range of down 2 percent to up 2 percent, or roughly flat at the midpoint, versus 2019.
Headline financials
Revenue & EPS history
Timken · Revenue · Quarterly
$896M
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 2020 revenue to be in the range of down 2 percent to up 2 percent, or roughly flat at the midpoint, versus 2019. Timken anticipates 2020 earnings per diluted share to range from $4.00 to $4.40 for the full year on a GAAP basis, and adjusted earnings per diluted share ranging from $4.25 to $4.65.
Tailwinds
- The company expects 2020 revenue to be in the range of down 2 percent to up 2 percent, or roughly flat at the midpoint, versus 2019.
- Includes the benefit of acquisitions made during 2019.
- Timken anticipates 2020 earnings per diluted share to range from $4.00 to $4.40 for the full year on a GAAP basis.
- Excluding special items, the company expects 2020 adjusted earnings per diluted share ranging from $4.25 to $4.65.
- Timken plans to generate net cash from operations of approximately $585 million and free cash flow of $425 million at the midpoint in 2020.
Headwinds
- Expected organic declines in Mobile Industries.
- Impact of currency.
- Soft industrial economic backdrop.
- Profitability to improve meaningfully from fourth-quarter levels.
- Remain focused on driving outgrowth, integrating recent acquisitions and advancing our operational excellence initiatives.
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 Q4 2019
-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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