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.
Media
Contact:
|
Investor
Contact:
|
Pat
Carlson-Burnham
|
Steve
Tschiegg
|
Global Media
Relations
|
Director – Capital
Markets & Investor Relations
|
4500 Mount Pleasant
St. N.W.
|
4500 Mount Pleasant
St. N.W.
|
North Canton, OH
44720 U.S.A.
|
North Canton, OH
44720 U.S.A.
|
Telephone:
234.262.3514
|
Telephone:
234.262.7446
|
pat.burnham@timken.com
|
Steve.tschiegg@timken.com
|
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SOURCE The Timken Company