Timken reports second-quarter 2024 results

Sales of $1.18 billion, in line with company expectations second-quarter earnings per share of $1.36; adjusted eps of $1.63 net income margin of 8.1 percent; adjusted ebitda margin of 19.5 percent updates full-year 2024 outlook; now expects eps of $5.00-$5.20, with adjusted eps of $6.00-$6.20 north canton, ohio , july 31, 2024 /prnewswire/ -- the timken company (nyse: tkr; www.timken.com), a global technology leader in engineered bearings and industrial motion, today reported second-quarter 2024 sales of $1.18 billion, down 7.1 percent from last year's record level. organically, sales were down 7.7 percent, with most of the decline attributable to significantly lower renewable energy demand in china.
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