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.

Earnings data Q1 2021

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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.

The Timken Company has done well in the current environment, with sales rising and profits somewhat mixed but mostly positive. Despite seeing its share prices rise, the stock is now affordable than it was previously.

The Timken Company: Even More Attractive Than Before

Christopher Coughlin named executive vice president and president of industrial motion Andreas Roellgen named executive vice president and president of engineered bearings Natasha Pollock, vice president of human resources, appointed an executive officer of the company NORTH CANTON, Ohio , Aug. 10, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and industrial motion products, today announced new appointments for company executives Christopher Coughlin, Andreas Roellgen and Natasha Pollock.  "Our long-term strategy has been successful, and as a result, Timken has grown and evolved into a leading diversified industrial company with a broad portfolio of products," said Richard G.

Timken Announces Executive Officer Appointments

The Timken Company (NYSE:TKR ) Q2 Results Conference Call July 28, 2022 11:00 AM ET Company Participants Neil Frohnapple - Director of IR Richard Kyle - President and CEO Philip Fracassa - CFO Conference Call Participants Bryan Blair - Oppenheimer Stephen Volkmann - Jefferies Chris Dankert - Loop Capital Operator Good morning. My name is Jennifer, and I will be your conference operator today.

The Timken Company (TKR) CEO Richard Kyle on Q2 2022 Results - Earnings Call Transcript

Timken (TKR) delivered earnings and revenue surprises of 23.70% and 2.31%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Timken (TKR) Tops Q2 Earnings and Revenue Estimates

Record sales of $1.15 billion, up 11 percent organically from last year Record second-quarter earnings per diluted share of $1.42 on a GAAP basis, with all-time record quarterly adjusted EPS of $1.67 Raises earnings outlook; now expects 2022 GAAP earnings per diluted share of $5.15 to $5.45 and adjusted EPS of $5.50 to $5.80 NORTH CANTON, Ohio , July 28, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today reported record second-quarter 2022 sales of $1.15 billion, up 8.5 percent from the same period a year ago. The increase was driven by growth across most end-market sectors led by industrial distribution and off-highway, and the impact of higher pricing, partially offset by unfavorable foreign currency translation and lower revenue in the renewable energy sector.

Timken Reports Record Second-Quarter 2022 Results; Raises Full-Year Earnings Outlook

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NORTH CANTON, Ohio , July 14, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will release its second-quarter 2022 financial results on Thursday, July 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 Second-Quarter 2022 Financial Results on July 28

Timke's (TKR) precision drives supply deal for the Redstone facility supports its goal to enhance environmental sustainability through product innovation, operational excellence and technology.

Timken (TKR) to Provide Precision Drives to Redstone Facility

Redstone facility in Northern Cape will use molten salt to store energy from the sun, deliver electricity to 200,000 homes during peak demand NORTH CANTON, Ohio , July 11, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, has been selected as the exclusive provider of advanced precision drives for the Redstone Solar Thermal Power project in Northern Cape, South Africa. BrightSource Energy chose Timken's solar-tracking technology, developed by its Cone Drive business, to properly position Redstone's heliostat mirrors to reflect the sun's rays.

Timken Providing Precision Drives for First-of-Its-Kind Solar Power Project in South Africa

NORTH CANTON, Ohio , June 20, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), continues to be a key contributor to the next generation of United States Navy ships. Fincantieri Marinette Marine (FMM) recently awarded Philadelphia Gear a contract option to deliver the main reduction gears (MRGs) for the future USS Congress (FFG-63), the second frigate in the Constellation (FFG-62) class of ships.

Timken's Philadelphia Gear to Provide Main Reduction Gears for U.S. Navy Frigate USS Congress

Timken's (TKR) latest contract enhances its wind energy market with primary focus on turbine technology.

Timken (TKR) Inks Bearings Supply Deal to Expand Wind Energy

Technically advanced bearings allow for increased turbine size and help maximize efficiency and durability NORTH CANTON, Ohio , June 3, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today announced that it is designing and supplying main shaft bearings for GE Renewable Energy's Haliade-X, the world's most powerful offshore wind turbine. Each Haliade-X turbine will have a capacity of up to 14 MW and be able to generate up to 74 GWh of clean energy a year.

Timken Providing Bearings for GE's Haliade-X, The World's Most Powerful Offshore Wind Turbine

Timken's (TKR) latest acquisition accelerates its position in the growing automation space.

Timken (TKR) Closes Spinea Buyout, Expand Automation Solutions

Timken (TKR) reported earnings 30 days ago. What's next for the stock?

Why Is Timken (TKR) Up 0.4% Since Last Earnings Report?

Company recognized for attracting and developing the next generation of world-class problem solvers NORTH CANTON, Ohio , June 1, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, for the second straight year has earned a spot on Forbes list of America's Best Employers for New Graduates 2022. This honor reflects the company's commitment to engineering a better future by rewarding associates' new ideas and solutions.

Timken Named One of America's Best Employers for New Graduates by Forbes

NORTH CANTON, Ohio , May 31, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com ), a global industrial leader in engineered bearings and power transmission products, has completed its previously announced acquisition of Spinea, s.r.o. (Spinea), a European technology leader and manufacturer of highly engineered cycloidal reduction gears and actuators.

Timken Completes Acquisition of Spinea

Company Increases Quarterly Dividend to 31 Cents Per Share; Joins Short List of Companies to Achieve 100-Year Milestone NORTH CANTON, Ohio , May 6, 2022 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today approved a three percent increase in the company's quarterly cash dividend, raising it to 31 cents per share. This dividend, which is payable on June 2, 2022, to shareholders of record as of May 16, 2022, marks the company's 400th consecutive quarterly dividend as a public company.

Timken Declares 400th Consecutive Quarterly Dividend

Timken (TKR) Q1 top line gains on strong growth across most end-market markets, driven by industrial distribution and off-highway as well as higher pricing.

Timken (TKR) Earnings & Sales Surpass Estimates in Q1, Up Y/Y

The Timken Company (NYSE:TKR ) Q1 2022 Earnings Conference Call May 2, 2022 10:00 AM ET Company Participants Neil Frohnapple - Director of IR Richard Kyle - President and CEO Philip Fracassa - CFO Conference Call Participants Rob Wertheimer - Melius Research Bryan Blair - Oppenheimer David Raso - Evercore ISI Stephen Volkmann - Jefferies Chris Dankert - Loop Capital Joe Ritchie - Goldman Sachs Steve Barger - KeyBanc Capital Markets Courtney Yakavonis - Morgan Stanley Michael Feniger - Bank of America Operator Good morning. My name is, Christina, and I will be your conference operator today.

The Timken Company (TKR) CEO Richard Kyle on Q1 2022 Results - Earnings Call Transcript

Timken Co (NYSE: TKR) reported first-quarter FY22 sales growth of 9.7% year-over-year to $1.124 billion, beating the consensus of $1.11 billion. The increase was driven by growth across most end-market sectors led by industrial distribution and off-highway, and the impact of higher.

Timken Beats Q1 Street Expectation; Lowers FY22 Revenue Guidance

Timken (TKR) delivered earnings and revenue surprises of 40% and 0.76%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Timken (TKR) Beats Q1 Earnings and Revenue Estimates

Record sales of $1.125 billion, up approximately 10 percent from last year Record first-quarter earnings per diluted share of $1.56 on a GAAP basis, with all-time record quarterly adjusted EPS of $1.61 Repurchased 1.5 million shares during the quarter Maintains earnings outlook; expects 2022 GAAP earnings per diluted share of $4.85-5.25, with adjusted EPS of $5.00-5.40 NORTH CANTON, Ohio , May 2, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today reported record first-quarter 2022 sales of $1.125 billion, up 9.7 percent from the same period a year ago. The increase was primarily driven by growth across most end-market sectors led by industrial distribution and off-highway, and the impact of higher pricing, partially offset by unfavorable currency.

Timken Reports Record First-Quarter 2022 Results

NORTH CANTON, Ohio , April 29, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR;  www.timken.com ), a global industrial leader in engineered bearings and power transmission products, has reached an agreement to acquire Spinea, s.r.o. (Spinea), a European technology leader and manufacturer of highly engineered cycloidal reduction gears and actuators.

Timken to Acquire Spinea, Expanding Its Robotics and Automation Offering in Attractive and Growing End Market Sectors

Timken (TKR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Timken (TKR) Q1 Earnings Expected to Decline

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