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Timken Company ( (TKR) ) has issued an announcement.
Timken reported a decrease in fourth-quarter and full-year 2024 sales, primarily due to lower demand in Europe and unfavorable currency impacts, despite benefits from acquisitions. The company’s net income margin improved in the fourth quarter, and it maintained strong cash flow, while setting a conservative 2025 outlook with anticipated cost reduction measures to support margins and generate higher free cash flow.
More about Timken Company
The Timken Company is a global technology leader specializing in engineered bearings and industrial motion products, with a focus on sectors such as industrial distribution and medical robotics. The company is recognized for its commitment to innovation and corporate social responsibility.
YTD Price Performance: 12.97%
Average Trading Volume: 576,566
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.42B
For a thorough assessment of TKR stock, go to TipRanks’ Stock Analysis page.
