In the Q2, Timken Co's corporate clients experienced a reduction by -8.1 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -8.87 %. During the corresponding time, Timken Co recorded a revenue increase by 7.46 % year on year, sequentially revenue grew by 2.4 %. While revenue at the Timken Co's corporate clients recorded rose by 13.73 % year on year, sequentially revenue grew by 10.87 %.
Customers of Timken Co saw their costs of revenue decrease by -8.1 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -8.87 %, for the same period Timken Co recorded revenue increase by 7.46 % year on year, sequentially revenue grew by 2.4 %.
Timken Co's Comment on Sales, Marketing and Customers
Timken serves a global customer base across various market sectors, including industrial distribution, renewable energy, automation, automotive original equipment (OE), agriculture/turf, rail, aerospace, auto/truck aftermarket, construction, services, metals and mining, heavy truck OE, and marine. The company manufactures engineered bearings such as tapered, spherical, and cylindrical roller bearings, which are used in transportation applications including passenger cars, trucks, heavy trucks, helicopters, airplanes, and trains. Timken's products are also utilized in industrial applications such as paper and steel mills, mining, oil and gas extraction and production, agriculture, construction, machine tools, gear drives, health and positioning control, wind turbines, and food and beverage processing. No single customer accounts for more than 5% of the company's total net sales.
Timken Co’s Comment on Sales, Marketing and Customers
Timken serves a global customer base across various market sectors, including industrial distribution, renewable energy, automation, automotive original equipment (OE), agriculture/turf, rail, aerospace, auto/truck aftermarket, construction, services, metals and mining, heavy truck OE, and marine. The company manufactures engineered bearings such as tapered, spherical, and cylindrical roller bearings, which are used in transportation applications including passenger cars, trucks, heavy trucks, helicopters, airplanes, and trains. Timken's products are also utilized in industrial applications such as paper and steel mills, mining, oil and gas extraction and production, agriculture, construction, machine tools, gear drives, health and positioning control, wind turbines, and food and beverage processing. No single customer accounts for more than 5% of the company's total net sales.
Sources:
Timken Co’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Timken Co’s corporate clients.
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