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.

NORTH CANTON, Ohio , April 20, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, will virtually attend the Oppenheimer 17th Annual Industrial Growth Conference on May 4, 2022. Participating in a fireside chat on behalf of Timken will be Richard G.

Timken to Participate in the Oppenheimer Industrial Growth Conference

NORTH CANTON, Ohio , April 13, 2022 /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 2022 financial results on Monday, May 2, 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 2022 Financial Results on May 2

Timken serves attractive end markets and presents long-term growth opportunities.

Reduce Friction In Your Portfolio With Timken

NORTH CANTON, Ohio, March 22, 2022 NORTH CANTON, Ohio, March 22, 2022 — The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today announced the pricing of $350 million aggregate principal amount of 4.125% senior unsecured notes due in 2032 (the "Notes") in an underwritten public offering. The Notes will be issued at 98.373 percent of par, and the offering is expected to close on or about March 28, 2022, subject to the satisfaction of customary closing conditions.

Timken Prices $350 Million Senior Notes Due in 2032

NORTH CANTON, Ohio , March 18, 2022  /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, has released its 2021 Annual Report, which describes how the company successfully navigated a highly dynamic operating environment to deliver record results. Timken's 2021 performance reflected both the resilience of its business model and the strong demand for the company's products and technology.

Timken Issues 2021 Annual Report, Detailing Company's Resilience, Record Results, Commitment to Social Responsibility and Future Growth Opportunities

NORTH CANTON, Ohio, Feb. 22, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) is helping fund the futures of 20 students in pursuit of careers ranging from medicine and engineering to economics and computer science. In an awards ceremony today, the company presented college scholarships to the children of Timken associates in the United States, Australia, China, France, India and Romania.

Timken Awards $540,000 in Scholarships to Next Generation of Engineers, Healthcare Professionals and Business Leaders

Timken has not been treated well by the market as of late, despite the company posting attractive performance. Overall, the company looks to be a compelling long prospect, but the short-term pain is undeniable.

Timken: Recent Turbulence Masks Real Value

Timken (TKR) wins a contract to provide high-precision drives for the Al Dhafra site's solar panels, which will help it expand in the renewable energy market.

Timken (TKR) Secures Contract for Al Dhafra Facility, Abu Dhabi

Oshkosh

Evercore ISI analyst David Raso upgraded Timken Co (NYSE: TKR) to Outperform from In-Line and raised the price target to $78 (an upside of 12.9%), from $76. Raso downgraded Oshkosh Corp (NYSE: OSK) from Outperform to In-Line and set a price target of $124 (an upside of 7.4%).

Evercore ISI Upgrades Timken & Downgrades Oshkosh - Read Why

NORTH CANTON, Ohio, Feb. 15, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, is providing high-precision drives for what will be the world's largest single-site solar power plant. Timken's solar-tracking technology, developed by its Cone Drive subsidiary, will be used to precisely position solar panels in line with the sun for the Al Dhafra PV2 site in Abu Dhabi, United Arab Emirates (UAE).

Timken Wins Contract as Sole Provider of High-Precision Drives for World's Largest Solar Power Plant

NORTH CANTON, Ohio, Feb. 11, 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 declared a quarterly cash dividend of 30 cents per share. The dividend is payable on March 4, 2022, to shareholders of record as of Feb. 22, 2022.

Timken Declares Quarterly Dividend of 30 Cents Per Share

NORTH CANTON, Ohio, Feb. 9, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will participate in the Citi 2022 Global Industrial Tech and Mobility Conference on Feb. 23, 2022. Participating on behalf of Timken will be Philip D.

Timken to Participate in the Citi 2022 Global Industrial Tech and Mobility Conference

Timken (TKR) Q4 top-line gain on strong organic growth across most end-market markets, driven by industrial distribution and off-highway as well as higher pricing.

Timken (TKR) Earnings Miss, Revenues Beat Estimates in Q4

The Timken Company (TKR) CEO Richard Kyle on Q4 2021 Results - Earnings Call Transcript

Timken (TKR) delivered earnings and revenue surprises of -15.22% and 2.54%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Timken (TKR) Q4 Earnings Lag Estimates

NORTH CANTON, Ohio, Feb. 3, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today reported fourth-quarter 2021 sales of $1.01 billion, up 13 percent from the same period a year ago, and over 10 percent higher than the previous record fourth quarter. The increase was primarily driven by strong organic growth across most end-market sectors led by industrial distribution and off-highway, and the impact of higher pricing.

Timken Reports Fourth-Quarter and Full-Year 2021 Results

NORTH CANTON, Ohio, Jan. 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 2021 fourth-quarter and full-year financial results on Thursday, Feb. 3, 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 Fourth-Quarter and Full-Year 2021 Financial Results on Feb. 3

Commercial Metals

TMST and CMC are two new stocks for your aggressive growth stock radar screen.

Timken Steel and Commercial Metals are Aggressive Growth Stocks

The stock price of Timken Co (NYSE: TKR) fell by 2.42% in the most recent trading session. This is why it happened.

Timken Stock (TKR): Why The Price Fell

Goldman Sachs analyst Joe Ritchie downgraded Timken Co (NYSE:TKR) to Neutral from Buy and lowered the price target to $73 (an upside of 7.18%) from $84. The analyst sees less potential for the stock to re-rate given peaking ISM concerns.

Goldman Sachs Downgrades Timken, Cuts Price Target By 13%

Timken Co (NYSE: TKR) stated it is experiencing strong growth in its linear motion product line, with 2021 sales expected to increase by more than 20% year-over-year. Timken diversified its power transmission portfolio with the acquisition of Rollon in 2018.

Timken Leverages Rollon Brand For Growth In Linear Motion

NORTH CANTON, Ohio, Dec. 7, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR), a global industrial leader in engineered bearings and power transmission products, is experiencing strong growth in its linear motion product line, with 2021 sales expected to increase by more than 20 percent compared to 2020. With the acquisition of Rollon in 2018, Timken diversified its power transmission portfolio with engineered linear motion products.

Timken Leverages Rollon® Brand for Strong Performance in Linear Motion

NORTH CANTON, Ohio, Dec. 2, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR), a global industrial leader in engineered bearings and power transmission products, is one of  America's Most Responsible Companies 2022 . Timken maintains its standing after first earning the recognition last year.

Timken Named One of America's Most Responsible Companies by Newsweek for Second Straight Year

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

Timken (TKR) Down 8.3% Since Last Earnings Report: Can It Rebound?

NORTH CANTON, Ohio, Nov. 24, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will participate in the Melius Research Industrial Tech & Aerospace Forum on Dec. 8, 2021 in New York City. Participating on behalf of Timken will be Philip D.

News for Timken Stock (TKR)