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 (TKR) CEO Richard Kyle on Q3 2021 Results - Earnings Call Transcript

Timken Co (NYSE: TKR) reported third-quarter FY21 sales growth of ~16% year-over-year to $1.037 billion, beating the consensus of $1.01 billion. The sales increase was driven by organic growth across most end-market sectors led by industrial distribution and off-highway, higher pricing, and the benefit of currency translation and acquisitions.

Timken Clocks 16% Sales Growth In Q3, Notes Margin Pressure

Timken (TKR) delivered earnings and revenue surprises of -1.67% and -0.08%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Timken (TKR) Misses Q3 Earnings and Revenue Estimates

NORTH CANTON, Ohio, Nov. 1, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today reported third-quarter 2021 sales of $1.04 billion, up 16 percent from the same period a year ago, and 13 percent higher than the previous record third quarter. The increase was driven by organic growth across most end-market sectors led by industrial distribution and off-highway, higher pricing and the benefit of currency translation and acquisitions.

Timken Reports Third-Quarter 2021 Results

NORTH CANTON, Ohio, Oct. 26, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will present at the Baird 2021 Global Industrial Virtual Conference on Nov. 9, 2021. Presenting on behalf of Timken will be Richard G.

Timken to Participate in the Baird 2021 Global Industrial Virtual Conference

The Timken Company is facing a tumultuous near-term earnings outlook due to supply line and inflationary concerns. The company withdrew guidance for the remainder of 2021 and is raising prices.

Timken Company And Its Real Value

NORTH CANTON, Ohio, Oct. 20, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today released its 2020 corporate social responsibility (CSR) report, detailing efforts to create a more efficient and resilient world. "Sustainability has been core to our products for more than 120 years, and we're extending that same leadership to the way we view our responsibility as a global corporate citizen.

Timken 2020 CSR Report Highlights Company-wide Commitment to Create Real-World Impact

NORTH CANTON, Ohio, Oct. 13, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will release its third-quarter 2021 financial results on Monday, Nov. 1, 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 Third-Quarter 2021 Financial Results on Nov. 1

Is Timken Company (TKR) a great pick from the value investor's perspective right now? Read on to know more.

Should Value Investors Pick Timken Company (TKR) Stock Now?

Jefferies analyst Stephen Volkmann lowered Timken Co's (NYSE:TKR) price target to $100 from $110 (implying an upside of 46.2%) and maintained a Buy rating on the shares. Volkmann lowered the price target after the company announced that it expects sales and earnings to be lower in the second half than previously forecasted due to continued disruptions with customers, supply chain, and inflationary pressures.

Timken's Price Target Lowered at Jefferies, Evercore ISI

Analysts Slash Timken Price Targets On Withdrawn Outlook

While the ongoing momentum in its end markets remains intact, supply chain headwinds and higher costs are likely to play spoilsport and hurt Timken's (TKR) results in the second half of 2021.

Timken (TKR) Expects Dull H2 Results on Supply Chain Issues

NORTH CANTON, Ohio, Sept. 15, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today announced that it expects lower sales and earnings in the second half of 2021, compared to the company's prior expectations.

Timken Provides Update on 2021 Performance

Once again big institutional buy trades are the tip-off of likely price gains coming in a diffused focus industry of machinery. TKR roller-bearings are pervasive.

Timken Company: Poised On Infrastructure Efforts Made Efficient And Profitable Is Seen Underpriced By Market-Makers

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

Why Is Timken (TKR) Down 3.6% Since Last Earnings Report?

Timken's (TKR) renewable energy portfolio is currently its largest individual end-market sector, accounting for 12% of sales. Backed by its immense growth potential, Timken plans to grow this business.

Timken (TKR) Sees Strong Growth in Solar Energy Revenues

NORTH CANTON, Ohio, Aug. 30, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, has helped power industry-leading growth for solar energy customers over the last three years. Timken entered the solar energy market with the acquisition of Cone Drive in 2018.

Timken Achieves Leadership Position in Fast-Growing Solar Energy Industry

Timken's (TKR) latest buyout will likely boost Rollon's leadership in robotics and automation, packaging and marine, as well as the aerospace and automotive production plants.

Timken's (TKR) Rollon Business Buys Intelligent Machine Solutions

NORTH CANTON, Ohio, Aug. 20, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR), a global industrial leader in engineered bearings and power transmission products, has acquired Intelligent Machine Solutions (iMS), a manufacturer of industrial robotics and automation solutions. The addition of iMS expands and complements Timken's Rollon® linear motion product range with larger and heavy-duty applications, such as seventh-axis robotic transfer units (RTUs) and gantry systems.

Timken Acquires Intelligent Machine Solutions, Expanding Rollon® Linear Motion Solutions in Industrial Robotics

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Timken (TKR) second-quarter 2021 results gain on strong growth across most end-market sectors. This momentum is expected to continue and offset cost inflation and lead to record earnings in 2021.

Timken (TKR) Earnings Miss Estimates in Q2, Improve Y/Y

The Timken Company (TKR) CEO Richard Kyle on Q2 2021 Results - Earnings Call Transcript

Timken Co (NYSE: TKR) reported second-quarter sales growth of 32.3% year-over-year to $1.06 billion, topped the consensus of $1.05 billion. Sales growth was driven by strong organic growth, the benefit of currency translation, and the Aurora Bearing acquisition.

Timken Stock Falls As Q2 EPS Misses Estimates, Maintains FY21 EPS Outlook

Timken (TKR) delivered earnings and revenue surprises of -2.84% and -0.02%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Timken Stock (TKR)