What is Timken's unallocated corporate — exit costs?

Timken (TKR) reported unallocated corporate — exit costs of $0 in Q4 2022.

What does unallocated corporate — exit costs mean?

One-time costs associated with closing or exiting corporate-level operations or facilities.

How do you interpret unallocated corporate — exit costs?

An increase signals a strategic shift or portfolio rationalization, suggesting the company is shedding underperforming assets to improve long-term profitability.

How does unallocated corporate — exit costs compare across companies?

Comparable to exit or closure costs reported by peers undergoing strategic portfolio optimization.

Timken TKR Unallocated Corporate — Exit costs

Discontinued — last reported Q4 '22

Similar metrics at other companies

PKGCorporate And Other — Business Exit Costs1

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TSNCorporate and Other — Business Exit Costs

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FTVUnallocated Corporate Costs and Other — Russia exit and wind down costs (a)

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IEXCorporate Office And Other — Business Exit Costs1

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BALLCorporate Non — Business Exit Costs1

$500K—

BALLOperating Segments — Business Exit Costs1

$23.75M+157%

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 16, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Timken's unallocated corporate — exit costs?: Timken (TKR) reported unallocated corporate — exit costs of $0 in Q4 2022.
What does unallocated corporate — exit costs mean?: One-time costs associated with closing or exiting corporate-level operations or facilities.
How do you interpret unallocated corporate — exit costs?: An increase signals a strategic shift or portfolio rationalization, suggesting the company is shedding underperforming assets to improve long-term profitability.
How does unallocated corporate — exit costs compare across companies?: Comparable to exit or closure costs reported by peers undergoing strategic portfolio optimization.