The industrial companies who have reported quarterly earnings so far have been quick to blame poor results on a slower than expected economic recovery. The earnings results from the Timken Company (NYSE:TKR) were no different: The company's shares declined by 10% immediately following the announcement, causing some investors to panic. The primary reason for the dramatic sell-off was due to the unexpectedness of the revised outlook combined with the poor results, and is very similar to what investors at Caterpillar saw when it reported earnings. 

While the results at Timken were pretty brutal across all fronts, there was some good news baked into the results. The company plans to have a fully funded pension plan by year's end, which will free up considerable cash flow. In the video below, Motley Fool analyst Blake Bos goes over the results from Timken and lets investors know what he'll be keeping his eye on at the company.

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