CANTON, Ohio, June 5, 2014 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) and its subsidiary TimkenSteel Corporation (timkensteel.com) will each host webcast investor conferences on Thursday, June 19, 2014, in New York City. The Timken Company expects to spin off TimkenSteel as an independent publicly traded company on June 30, 2014, with TimkenSteel thereafter trading on the New York Stock Exchange under the ticker symbol "TMST."
The Timken Company live event will begin at 9 a.m. EDT, with viewing available in its entirety at www.timken.com/investors. Speakers include newly appointed President and Chief Executive Officer Richard G. Kyle and Chief Financial Officer Philip D. Fracassa as well as the company's business segment leaders. A question-and-answer period will follow the morning presentations, with the event expected to conclude by approximately 12:15 p.m. EDT June 19. A replay of the webcast and a copy of the presentation material will be available until July 3 via the same link.
Also on June 19, TimkenSteel Corporation leaders will present at a live event beginning at 1:15 p.m. EDT. Chairman, Chief Executive Officer and President Ward J. "Tim" Timken, Jr., and Christopher J. Holding, executive vice president and chief financial officer, along with other TimkenSteel Corporation leaders, will offer a look at the new company's strategy, business and financial fundamentals, and unique business model. The session, which is expected to conclude at 4:30 p.m. EDT, will be available for viewing in its entirety that day after the investor site goes live at timkensteel.com. A replay of the webcast and copy of the presentation material will be available for viewing until July 3 via the same link.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com), a global industrial technology leader, applies its deep knowledge of materials, friction management and power transmission to improve the reliability and efficiency of industrial machinery and equipment all around the world. The company engineers, manufactures and markets Timken® bearings as well as transmissions, gearboxes, chain, and related products and services to support diversified markets worldwide. With total sales of $4.3 billion, including TimkenSteel, in 2013 and approximately 19,000 people operating from 28 countries, Timken makes the world more productive and keeps industry in motion.
About TimkenSteel Corporation
TimkenSteel Corporation (timkensteel.com), a Timken Company subsidiary, will become an independent publicly traded company upon its spinoff on June 30 and thereafter trade under the symbol TMST on the New York Stock Exchange. TimkenSteel creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and is a leader in North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Operating from six countries, TimkenSteel posted sales of $1.4 billion in 2013, based on Steel segment sales as part of The Timken Company.
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Media Contact: |
Investor Contact: |
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Pat Carlson-Burnham |
Steve Tschiegg |
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Global Media Relations |
Director – Capital Markets & Investor Relations |
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4500 Mount Pleasant St. N.W. |
4500 Mount Pleasant St. N.W. |
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North Canton, OH 44720 U.S.A. |
North Canton, OH 44720 U.S.A. |
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Telephone: 234.262.3514 |
Telephone: 234.262.7446 |
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SOURCE The Timken Company