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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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) 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

Capital One

D.R. Horton

Green Brick Partners

Ingles Markets

Intel

Lithia Motors

Here are some new stocks to consider, spawned by my Old Faithful stock-picking paradigm.

Over 19 Years, Old Faithful Has Averaged a 21% Return

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.

News for Timken Stock (TKR)