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Timken Guides FY20 Adj. EPS Below Estimates - Quick Facts

While reporting financial results for the fourth quarter on Wednesday, Timken Co. (TKR) initiated its earnings, adjusted earnings and revenue growth guidance for the full-year 2020.

For fiscal 2020, the company now projects earnings in a range of $4.00 to $4.40 per share and adjusted earnings in a range of $4.25 to $4.65 per share on revenue change between down 2 percent and up 2 percent , or roughly flat at the midpoint.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.66 per share on a revenue decline of 1.0 percent to $3.74 billion for the year. Analysts' estimates typically exclude special items.

"We expect profitability to improve meaningfully from fourth-quarter levels, and we remain focused on driving outgrowth, integrating recent acquisitions and advancing our operational excellence initiatives," said Richard Kyle, Timken president and chief executive officer.

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