Timken reports q2 adjusted earnings per share $1.02

Timken reports second-quarter 2020 results.q2 adjusted earnings per share $1.02.q2 gaap earnings per share $0.82.q2 sales fell 19.7 percent to $803.5 million.accelerating and expanding structural cost reduction actions in second half of 2020.significant cost reduction actions delivered solid operating margins in quarter.not providing full year 2020 sales and earnings guidance at this time.cost reduction actions are expected to generate year-on-year savings of about $50 to $60 million in h2.q2 earnings per share view $0.34, revenue view $722.1 million -- refinitiv ibes data.
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