Timken reports third-quarter 2023 results

Sales of $1.14 billion, up approximately 1 percent from last year third-quarter earnings per share of $1.23; adjusted eps of $1.55 strong cash from operations of $194 million; free cash flow of $151 million updates 2023 outlook; now expects 2023 eps of $5.60-$5.70, with adjusted eps  of $6.85-$6.95 north canton, ohio , nov. 1, 2023 /prnewswire/ -- the timken company (nyse: tkr; www.timken.com), a global leader in engineered bearings and industrial motion products, today reported third-quarter 2023 sales of $1.14 billion, up 0.6 percent from the same period a year ago. the increase was driven by the benefit of acquisitions (net of divestitures), higher pricing and favorable foreign currency translation, partially offset by lower volume.
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