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.

Here is how Timken (TKR) and Titan International (TWI) have performed compared to their sector so far this year.

Is The Timken Company (TKR) Outperforming Other Industrial Products Stocks This Year?

NORTH CANTON, Ohio , Dec. 7, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has been named one of America's Most Responsible Companies 2023  by Newsweek and Statista Inc. This is the third consecutive year Timken has made the prestigious list of companies distinguished by their corporate social responsibility (CSR) efforts.    "We're proud of this recognition because responsibility is embedded in how we conduct business with ethics and integrity," said Richard G.

Timken Earns Spot on Newsweek America's Most Responsible Companies List for Third Straight Year

NORTH CANTON, Ohio , Nov. 22, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, will attend the Melius Research Industrials Conference on Dec. 8, 2022 in New York City. Participating on behalf of Timken will be Philip D.

Timken to Participate in the Melius Research Industrials Conference

NORTH CANTON, Ohio , Nov. 7, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR;  www.timken.com ), a global leader in engineered bearings and industrial motion products, has completed its previously announced acquisition of GGB Bearings. Founded in 1899, GGB Bearings serves a variety of diverse customers, markets, geographies and applications with a product portfolio that complements existing Timken industry-leading engineered bearing solutions.

Timken Completes Acquisition of GGB Bearings

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NORTH CANTON, Ohio , Nov. 1, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, today announced it has closed the sale of its Aerospace Drive Systems (ADS) business to PCX Aerostructures, LLC. Terms were not disclosed.

Timken Completes Sale of Aerospace Drive Systems Business

Robust portfolio growing at double the rate of the U.S. industrial production index over last five years NORTH CANTON, Ohio , Oct. 31, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, is experiencing strong demand for its industrial mounted bearings, a growing portfolio of products innovatively engineered to improve and differentiate performance. Over the last five years, Timken® mounted bearing sales have grown at more than double the U.S. industrial production index during the same period.i  Market sectors such as agriculture, mining, metals, aggregate, cement, HVAC, water treatment and food and beverage are leading contributors to increased sales of Timken mounted bearings, which provide enhanced protection from moisture, contamination and other harsh conditions.

Timken's Extensive Mounted Bearing Offering Addresses the World's Toughest Jobs

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NORTH CANTON, Ohio , Oct. 27, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, will attend the Baird Global Industrial Conference on Nov. 8, 2022 in Chicago. Participating on behalf of Timken will be Philip D.

Timken to Participate in the Baird Global Industrial Conference

The Timken Company (NYSE:TKR ) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET Company Participants Neil Frohnapple - Director of IR Richard Kyle - President and CEO Philip Fracassa - CFO Conference Call Participants Stephen Volkmann - Jefferies David Raso - Evercore ISI Tim Thein - Citigroup Steve Barger - KeyBanc Capital Markets Bryan Blair - Oppenheimer Rob Wertheimer - Melius Research Joe Ritchie - Goldman Sachs Dillon Cumming - Morgan Stanley Chris Dankert - Loop Capital Michael Feniger - Bank of America Operator Good morning. My name is Emily, and I'll be your conference operator today.

The Timken Company (TKR) Q3 2022 Earnings Call Transcript

Timken (TKR) delivered earnings and revenue surprises of 14.29% and 4.21%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Timken (TKR) Q3 Earnings and Revenues Beat Estimates

Sales of $1.14 billion, up nearly 10 percent in total and 14 percent organically from last year Third-quarter earnings per diluted share of $1.18 on a GAAP basis, with adjusted EPS of $1.52 Raises adjusted earnings outlook; now expects 2022 GAAP earnings per diluted share of $5.15 to $5.30 and adjusted EPS of $5.80 to $5.95 NORTH CANTON, Ohio , Oct. 26, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, today reported third-quarter 2022 sales of $1.14 billion, up 9.6 percent from the same period a year ago. The increase was driven primarily 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.

Timken Reports Strong Third-Quarter 2022 Results; Raises Full-Year Outlook

NORTH CANTON, Ohio , Oct. 13, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, will release its third-quarter 2022 financial results on Wednesday, Oct. 26, 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 2022 Financial Results on Oct. 26

Timken's focus on automation and renewable energy may offer long-term growth. Low dividend yield and poor financial returns in the current rate environment.

Timken: Long-Term Stock, Short-Term Headwinds

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NORTH CANTON, Ohio , Sept. 28, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and industrial motion, is hosting an Investor Day at 9:30 a.m.

Timken to Hold Sept. 28 Investor Day; Will Highlight Accomplishments and Outline Plans to Deliver Future Growth

NORTH CANTON, Ohio , Sept. 27, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and industrial motion products, today released its annual corporate social responsibility (CSR) report and announced a 2030 environmental target to reduce aggregate Scope 1 and Scope 2 greenhouse gas emissions intensity by 50 percent by 2030.1 "Timken exists to develop customer-focused solutions for the world's most challenging applications," said Richard G.

Timken Issues Annual CSR Report, Sets 2030 Target for Greenhouse Gas Emissions

Timken is one of only 30 companies to be listed for 100 consecutive years, first Ohio-based company to reach milestone NORTH CANTON, Ohio , Sept. 26, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and industrial motion products, this week marked 100 years since the company's initial listing on the New York Stock Exchange (NYSE) Sept.

Timken Celebrates Century of Trading on New York Stock Exchange

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Timken (TKR) have what it takes?

Timken (TKR) is a Top Dividend Stock Right Now: Should You Buy?

Timken (TKR) reaches an agreement to acquire EnPro Industries' GGB Bearing Technology division, which will likely solidify its leading position in roller and ball bearings.

Timken (TKR) to Acquire GGB Bearing Technology, Grows Portfolio

NORTH CANTON, Ohio , Sept. 7, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, will host an Investor Day in New York City on Wednesday, Sept.

Timken to Host Investor Day on Sept. 28

NORTH CANTON, Ohio , Sept. 6, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR;  www.timken.com ), a global leader in engineered bearings and industrial motion products, has reached an agreement to acquire GGB Bearing Technology (GGB), a division of Enpro, Industries (including exclusive negotiations with respect to the French operations of GGB).

Timken to Acquire GGB Bearing Technology, Expanding Its Engineered Bearing Portfolio with Complementary Products

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.

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