- Timken press release ( NYSE: TKR ): Q4 Non-GAAP EPS of $1.22 beats by $0.13 .
- Revenue of $1.08B (+6.9% Y/Y) misses by $10M .
- Net cash from operations for the full year was $463.8M, and free cash flow was $285.4M.
- Timken ended the year with a strong balance sheet; net debt to adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was 1.9 times as of December 31, 2022.
- 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 vs. consensus of $6.67.
For further details see:
Timken reports Q4 mixed earnings; initiates FY23 guidance