What does corporate non — business exit costs1 mean?

Expenses related to shutting down or exiting specific business operations or product lines.

How do you interpret corporate non — business exit costs1?

An increase indicates active portfolio rationalization or strategic divestiture, while a decrease suggests stability in the current business footprint.

How does corporate non — business exit costs1 compare across companies?

Peers in the industrial manufacturing sector report similar figures under restructuring or discontinued operations line items.

Timken TKR Corporate Non — Business Exit Costs1

Discontinued — last reported Q4 '15

Similar metrics at other companies

PKGCorporate And Other — Business Exit Costs1

$250K—

EMNCorporate, Non-Segment — Business Exit Costs

$3M—

TSNCorporate and Other — Business Exit Costs

$1.5M—

EMNCorporate and Other — Business Exit Costs

$0-100%

BALLCorporate Non — Business Exit Costs1

$500K—

IEXCorporate Office And Other — Business Exit Costs1

$0—

Other financials

Income statement

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Revenue$1.2B+8.0%

Gross profit$394.0M+9.8%

Operating income$168.6M+17.1%

Net income$98.2M+25.4%

EPS (diluted)$1.40+26.1%

Balance sheet

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Cash & equivalents$344.7M-8.3%

Total debt$2.2B-2.1%

Total equity$3.2B+9.9%

Total assets$6.9B+4.7%

Cash flow

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Operating cash flow$39.3M-32.9%

CapEx$38.8M+10.2%

Free cash flow$500.0K-97.9%

Valuation

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Market cap$9.89B+39.1%

Enterprise value$11.74B+28.3%

P/E32.1×+10.4×

P/S2.1×+0.5×

Profitability

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Gross margin30.6%-0.4pp

Operating margin12.1%-0.5pp

Net margin6.6%-0.6pp

FCF margin8.2%+1.0pp

Returns & leverage

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Return on equity10.1%-1.8pp

Debt / equity0.7×-0.1×

Current ratio2.9×-0.3×

Where this comes from

Reported directly by Timken in its filing.

Tagged under the XBRL concept us-gaap:BusinessExitCosts1.

The official record: Timken’s 10-K, filed February 24, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate non — business exit costs1 mean?: Expenses related to shutting down or exiting specific business operations or product lines.
How do you interpret corporate non — business exit costs1?: An increase indicates active portfolio rationalization or strategic divestiture, while a decrease suggests stability in the current business footprint.
How does corporate non — business exit costs1 compare across companies?: Peers in the industrial manufacturing sector report similar figures under restructuring or discontinued operations line items.