Timken

The Timken Co. engages in the engineering, manufacturing, and marketing of bearings and industrial motion products. In addition to bearings, it offers drives, belts, chains, lubrication systems, couplings, industrial clutches, and brakes. It operates through the Mobile and Process Industries segments. The Mobile Industries segment serves OEM and end-user customers with solutions that help move transportation forward efficiently. The Process Industries segment handles OEM and end-user customers in industries such as renewable energy, robotics and automation, and food production. The company was founded by Henry Timken in 1899 and is headquartered in North Canton, OH.

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Timken reports stellar Q4 results, eyes growth amid pricing challenges

Timken's Q4 2022 earnings call showcased strong financial performance, strategic investments, and recognition for corporate responsibility. While challenges like flat margins and pricing dynamics exist for 2023, the company is well-positioned for growth with positive outlook, acquisitions, and improved cash flow expectations.

Timken reports record Q1 earnings, eyes margin expansion and strategic growth

Timken's Q1 performance reflects strong revenue, margin, and earnings growth, supported by strategic investments and operational improvements. While facing challenges from macroeconomic uncertainties, the company remains optimistic about growth opportunities in key markets and segments. Timken's focus on margin expansion, strategic acquisitions, and operational efficiency positions it well for future growth.

Timken reports record Q2 earnings, faces market softening challenges

Timken's Q2 performance reflects a mix of successes and challenges, with a strong financial foundation but concerns about market conditions. The company remains focused on driving value for stakeholders through operational excellence and growth strategies.

Timken reports solid Q3 earnings, eyes growth through strategic acquisitions

Timken's Q3 performance reflects resilience amidst market challenges. Strategic initiatives and acquisitions position the company for long-term growth. Maintaining consistent EBITDA margins and returns on invested capital is a key focus. Timken's confidence in navigating market conditions underscores its commitment to sustained business growth.

Timken reports record Q4 earnings, eyes growth amid revenue challenges

Timken's strong Q4 performance was driven by acquisitions and currency gains, offsetting organic decline. Despite challenges in renewable energy and inflation, the company achieved record results in 2023. Looking ahead, Timken aims to navigate revenue declines in 2024 while focusing on strategic acquisitions and market growth opportunities.

Timken reports resilient Q1 earnings amidst revenue decline challenges

Timken faced challenges with a significant organic revenue decline in Q1 2024, primarily driven by wind energy issues in China. Despite this, the company maintained strong EBITDA margins and showcased resilience through diversification efforts. Looking ahead, Timken remains cautiously optimistic about the year, reaffirming its outlook and focusing on growth initiatives.

Timken reports solid Q2 earnings, anticipates revenue improvement in H2

Timken's Q2 performance was solid, with revenue meeting expectations despite a decline driven by renewable energy. The company's focus on M&A and CEO transition progress are strengths, while challenges include anticipated revenue declines and impact on sales from specific sectors. Opportunities lie in market growth in India and supply chain diversification.

Timken reports Q3 revenue decline, focuses on cost alignment

Timken's Q3 2024 performance saw revenue decline, impacted by lower volumes and higher costs. The company is strategically realigning operations to enhance margins and customer focus. Despite challenges in industrial markets and supply chain disruptions, Timken remains optimistic about future growth opportunities.

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The Timken Co. engages in the engineering, manufacturing, and marketing of bearings and industrial motion products, and related services. It also offers drives, belts, chains, lubrication systems, couplings, industrial clutches, and brakes. The company operates through the following segments: Engineered Bearings and Industrial Motion. The Engineered Bearings segment offers a wide range of product designs serving original equipment manufacturers (OEMs) which include tapered, spherical, and cylindrical roller bearings, plain bearings, metal-polymer bearings and rod end bearings, thrust and specialty ball bearings, and housed or mounted bearings. The Industrial Motion segment offers a portfolio of engineered products, including industrial drives, automatic lubrication systems, linear motion products and systems, chains, belts, couplings, filtration systems and industrial clutches and brakes. The Timken Co. was founded by Henry Timken in 1899 and is headquartered in North Canton, OH.

Timken (TKR) reported improvement in first-quarter earnings aided by growth across most end-market sectors. Backed by this, the company has raised its 2021 earnings guidance.

Timken (TKR) Q1 Earnings Beat Estimates, Raises '21 Outlook

NORTH CANTON, Ohio, April 29, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will present virtually at the Goldman Sachs Industrials and Materials Conference on May 13, 2021. Presenting on behalf of Timken will be Philip D.

Timken to Participate in the Goldman Sachs Industrials and Materials Conference

The Timken Company (TKR) CEO Richard Kyle on Q1 2021 Results - Earnings Call Transcript

Shares of Timken (NYSE:TKR) decreased 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 24.32% year over year to $1.38, which beat the estimate of $1.20.

Timken: Q1 Earnings Insights

NORTH CANTON, Ohio, April 28, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today reported first-quarter 2021 sales of $1.03 billion, up 11 percent from the same period a year ago. The increase was driven by organic growth across most end-market sectors led by renewable energy and off-highway, as well as the benefit of currency translation and the Aurora Bearing acquisition.

Timken Reports Record First-Quarter 2021 Results; Raises Full-Year Outlook

NORTH CANTON, Ohio, April 22, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, offers the most comprehensive end-to-end drivetrain repair and overhaul solutions in the United States using expertise solely within its network of brands. Timken's broad electromechanical knowledge and capabilities transcend any single service category to create a differentiated offering.

Timken Offers Most Comprehensive Industrial Drivetrain Repair in the U.S., Delivering Sustainable Solutions to Customers

NORTH CANTON, Ohio, April 7, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will release its first-quarter 2021 financial results on Wednesday, April 28, prior to the opening of the New York Stock Exchange. The company will host a conference call that day to discuss its financial performance with investors and securities analysts.

Timken to Announce First-Quarter 2021 Financial Results on April 28

NORTH CANTON, Ohio, March 22, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, recently released its 2020 Annual Report. It details how the company delivered strong financial performance and continued to advance its strategy despite the COVID-19 pandemic.

Timken Releases 2020 Annual Report, Reflecting Company's Position as a High-Performing Industrial Leader Amidst Global Pandemic

Timken's stock has fallen about 10% from its high due to an overreaction to earnings. The market is underappreciating management's actions to improve the quality of the company.

Timken Company: Roll With The Cycle And Ride The Renewables Train

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NORTH CANTON, Ohio, Feb. 23, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, has earned a spot among the World's Most Ethical Companies® for the 11th time. Ethisphere Institute, a global leader in...

Timken Recognized Among World's Most Ethical Companies® for 11th Time

NORTH CANTON, Ohio, Feb. 17, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, will participate in the Evercore ISI Industrial Virtual Conference on March 2, 2021. Participating on behalf of Timken...

Timken to Participate in the Evercore ISI Industrial Virtual Conference

NORTH CANTON, Ohio, Feb. 12, 2021 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today declared a quarterly cash dividend of 29 cents per share. The dividend is payable on...

Timken Declares Quarterly Dividend of 29 Cents Per Share

NORTH CANTON, Ohio, Feb. 9, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, has been recognized as one of America's Best Employers of 2021 by Forbes magazine. Timken earned a spot on the list,...

Timken Named One of America's Best Employers by Forbes

NORTH CANTON, Ohio, Feb. 8, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, will participate in the Citi 2021 Global Industrials Virtual Conference on Feb. 18, 2021. Participating on behalf of...

Timken to Participate in the Citi 2021 Global Industrials Virtual Conference

Timken (TKR) fourth-quarter earnings remained flat year over year as lower operating expenses on cost reduction actions are offset by lower volumes amid the pandemic.

Timken (TKR) Q4 Earnings Miss, Revenues Beat Estimates

The Timken Company's (TKR) CEO Rich Kyle on Q4 2020 Results - Earnings Call Transcript

Timken (TKR) delivered earnings and revenue surprises of -7.69% and 2.24%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Timken (TKR) Q4 Earnings Miss Estimates

Shares of Timken (NYSE:TKR) moved higher by 0.0% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 0.00% year over year to $0.84, which missed the estimate of $0.93.

Timken: Q4 Earnings Insights

NORTH CANTON, Ohio, Feb. 4, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today reported fourth-quarter 2020 sales of $891.7 million, down 0.5 percent from the same period a year ago, as the net...

Timken Reports Fourth-Quarter and Full-Year 2020 Results; Expects Strong Growth in 2021

NORTH CANTON, Ohio, Jan. 18, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, will release its 2020 fourth-quarter and full-year financial results on Thursday, Feb. 4, prior to the opening of the...

Timken to Announce Fourth-Quarter and Full-Year 2020 Financial Results on Feb. 4

As of late, it has definitely been a great time to be an investor in The Timken Company (TKR).

The Timken Company's (TKR) Shares March Higher, Can It Continue?

Timken's (TKR) shares have been gaining on the back of expected benefits from acquisitions, cost reduction actions and pickup in industrial activity.

Timken (TKR) Up 46% in a Year: What's Driving the Rally?

NORTH CANTON, Ohio, Jan. 7, 2021 /PRNewswire/ -- The Timken Company today announced the appointment of Sarah Lauber to its Board of Directors. The election will bring The Timken Company board to 12 members. Lauber has served as chief financial officer and secretary of Douglas Dynamics, a...

Timken Board of Directors Elects Sarah Lauber, Douglas Dynamics CFO

Ohio-based auto parts maker The Timken Co. recently announced the start of its new factory in Mexico. Along with the new Timken plant, Mexico-based Envases Group plans to open a $35 million aluminum can production and distribution facility in central Texas.

News for Timken Stock (TKR)