Timken Is A Much Higher Quality Company After Its Transformation

Resource from: Seeking Alpha Likes:235

Dec 30,2015

Over the course of the last few years, the company has divested various unattractive automotive businesses and completed the spin off of the steel business. Acquisitions should be a significant driver of growth going forward, as the company gains scale and expands into adjacent valued added markets. The company also has various cost reduction initiatives and an expanding global footprint that will allow it to compete effectively with low-cost producers. Thesis Timken (NYSE: TKR) has gone through a remarkable transformation over the course of the last few years. After spending hundreds of millions on restructuring, spinning off the capital-eating steel business, and forming a capital allocation framework that emphasizes growth in the right areas, the company is well-positioned for long-term value creation. Near-term market headwinds persist, though, and there could be a bit more downside in the meantime. Company Description Timken is North America's largest manufacturer of bearings and one of the six major players in the global market. Other product offerings include transmissions, gearboxes, chains, and related services. The slide below, taken from an investor presentation, gives a nice overview of the company's operations.

(Seeking Alpha)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Global Instrumented Bearing Market Detailed Analysis with Upcoming Trends by 2020
Next Global Wind Turbine Operations and Maintenance Market to Capitalize on Rising Demand for Alternative Energy

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.