Timken reports strong fourth-quarter and full-year 2022 results

Sales of $1.08 billion in the fourth quarter, up 7 percent in total and 10 percent organically from last year fourth-quarter eps of $1.32; adjusted eps of $1.22 record full-year 2022 eps of $5.48; record adjusted eps of $6.02 starting in 2023, adjusted eps will be revised to exclude acquisition intangible amortization expense company provides initial estimate for 2023 eps of $5.80-$6.40, with adjusted eps of $6.50-$7.10 north canton, ohio , feb. 6, 2023 /prnewswire/ -- the timken company (nyse: tkr; www.timken.com), a global leader in engineered bearings and industrial motion products, today reported fourth-quarter 2022 sales of $1.08 billion, up 7.4 percent from the same period a year ago. the increase was driven by strong organic growth across most end-market sectors, and the favorable impact of acquisitions (net of divestitures), partially offset by unfavorable foreign currency translation.
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