Timken Sees 2019 Adj. Profit In Line With View

(RTTNews) - Timken Co. (TKR) said it anticipates 2019 earnings per share to range from $4.55 to $4.75. Excluding special items, the company expects record 2019 adjusted earnings per share ranging from $4.70 to $4.90. Analysts polled by Thomson Reuters expect the company to report earnings of $4.86 per share. Analysts' estimates typically exclude special items.

The company expects 2019 revenue to be up about 8 to 10 percent in total versus 2018. This includes expected organic growth of 4 to 6 percent plus the benefit of acquisitions made during 2018, partially offset by unfavorable currency.

The company estimates for full-year 2019 Mobile Industries sales to be up approximately 4 to 6 percent, driven primarily by organic growth in the rail, off-highway and aerospace sectors, as well as the benefit of acquisitions, partially offset by unfavorable currency; and Process Industries sales to be up approximately 13 to 15 percent, reflecting growth across all sectors, as well as the benefit of acquisitions, partially offset by unfavorable currency.