{
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  "docSlug": "e32b71332b7f",
  "documentTitle": "The Timken Company (TKR)",
  "authorId": "17_Relational_Investors",
  "authorName": "CalSTRS",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-03-01 00:00:00",
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  "density": "sparse",
  "nDataPoints": 48,
  "notes": "The chart clearly shows the Steel segment's margin collapse during the 2009 period compared to the more stable Bearings segment.",
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      "kind": "chart",
      "text": "EBIT Margin comparison between Bearings and Steel segments",
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      "text": "EBIT Margin",
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      "kind": "source-note",
      "text": "Source: Bloomberg and company filings. Note: TKR segment margins do not include allocated corporate expense.",
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      "kind": "title",
      "text": "Steel Business Adds Volatility to Timken's Margins",
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      "evidence": "The presentation agitates the problem by highlighting the volatility and valuation discount created by the combined structure.",
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