Timken Co at KeyBanc Capital Markets Industrials and Basic Materials Conference (Virtual) Transcript
Thanks for joining us today. My name is Steve Barger. I cover industrial machinery and distribution here at KeyBanc. Joining us today for this session is the Timken Corporation. From the company, we have President and CEO, Rich Kyle; Executive VP and CFO, Phil Fracassa; and Director of Investor Relations, Neil Frohnapple.
I know there's a lot of interest in Timken. We're scheduled for 30 minutes, so we're just going to jump right in. If anyone has a question, you can use the Q&A function, and we'll work it in as we can.
Questions & Answers
So I'm just going to start with a big-picture question. Timken is coming off a strong year in 2020. Margins were up 400 basis points relative to the prior trough, and then you recently reported record first quarter results. Can you just talk to the main drivers of the business transformation
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