| Business Summary | | The
Timken
Company
is
a
manufacturer
of
bearings
and
steel
products.
Timken's
products
are
divided
into
two
industry
segments,
anti-friction
bearings
and
steel.
Anti-friction
bearings
constitute
Timken's
principal
industry
product,
and
the
tapered
roller
bearing
made
by
Timken
is
its
principal
product
in
the
anti-friction
industry
segment.
Steel
products
include
steels
of
low
and
intermediate
alloy,
vacuum-processed
alloys,
tool
steel
and
some
carbon
grades.
These
are
available
in
a
wide
range
of
solid
and
tubular
sections
with
a
variety
of
finishes. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TKR
is
engaged
in
the
manufacturing
of
anti-friction
bearings
(tapered
roller
bearing,
cylindrical,
spherical,
straight
and
ball
bearing)
and
steel
products
(intermediate
and
low
alloy,
vacuum-processed
alloys,
tool
steel
and
some
carbon
grades).
For
the
six
months
ended
6/30/01,
net
sales
fell
6%
to
$1.30
billion.
Net
loss
totaled
$12.4
million,
vs.
income
of
$37.3
million.
Results
weak
global
automotive
and
industrial
demand,
and
$24.8
million
in
restructuring
and
impairment
related
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| W. Timken, Jr., 61 Chairman
and CEO | $916K | -- | James Griffith, 46 Pres,
COO, Director | 399K | -- | B. Bowling, 58 Exec.
VP, Pres and COO - Steel | 633K | $84K | R. Leibensperger, 61 Exec.
Vice Pres, Pres and COO - Bearings | 575K | -- | G. Little, 56 Sr.
VP-Fin. | -- | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|