Aankondiging • May 09
The Timken Company announces Quarterly dividend, payable on May 29, 2026 The Timken Company announced Quarterly dividend of USD 0.3600 per share payable on May 29, 2026, ex-date on May 19, 2026 and record date on May 19, 2026. Aankondiging • May 08
The Timken Company Increases Earnings Guidance for the Full-Year 2026 The Timken Company increased earnings guidance for the full-year 2026. Timken is increasing its 2026 outlook, with full-year earnings per diluted share now forecasted to be in the range of $4.70 per share to $5.20 per share. The company is planning for 2026 revenue to be up approximately 5 % in total at the midpoint from 2025, an increase from its prior outlook of 3 % growth at the midpoint. Aankondiging • Apr 15
The Timken Company to Report Q1, 2026 Results on May 06, 2026 The Timken Company announced that they will report Q1, 2026 results Pre-Market on May 06, 2026 Aankondiging • Mar 20
The Timken Company (NYSE : TKR) acquired Bijur Delimon International. The Timken Company (NYSE : TKR) acquired Bijur Delimon International on March 18, 2026. The transaction was funded with cash on hand and existing committed facilities.
The Timken Company (NYSE : TKR) completed the acquisition of Bijur Delimon International on March 18, 2026. Aankondiging • Mar 18
The Timken Company, Annual General Meeting, May 08, 2026 The Timken Company, Annual General Meeting, May 08, 2026. Aankondiging • Feb 14
The Timken Company Announces Committee Changes, Effective March 31, 2026 The Timken Company announced that James F. Palmer and the company mutually agreed that he would retire effective as of March 31, 2026 to support the planned transition of the Audit Committee chair role to Sarah C. Lauber. James F. Palmer currently serves as the Chair of the Audit Committee and a member of the Compensation Committee. Aankondiging • Feb 13
The Timken Company Declares Quarterly Cash Dividend, Payable on March 6, 2026 The board of directors of The Timken Company declared a quarterly cash dividend of 35 cents per share. The dividend is payable on March 6, 2026, to shareholders of record as of Feb. 24, 2026. Aankondiging • Feb 04
The Timken Company Provides Earnings Guidance for the Full Year 2026 The Timken Company provided earnings guidance for the full year 2026. For the year, the company expects earnings per diluted share in the range of $4.50 to $5.00. The company is planning for 2026 revenue to be up in the range of 2% to 4% in total compared to 2025. Aankondiging • Jan 21
The Timken Company to Report Q4, 2025 Results on Feb 04, 2026 The Timken Company announced that they will report Q4, 2025 results Pre-Market on Feb 04, 2026 Aankondiging • Jan 07
the Timken Company Announces Strategic Leadership Appointments to Accelerate Profitable Growth The Timken Company announced strategic leadership appointments designed to accelerate profitable growth by advancing technology innovation, strengthening market focus and expanding regional presence. John Szarka is appointed to the new position of chief technology officer and elected an officer of the company. He most recently served as vice president, product management – Engineered Bearings. Szarka will advance enterprise-wide technology strategy and resource allocation across the company's portfolio. This includes delivering product technology roadmaps for key markets, unlocking synergies between businesses, and leading Timken's strategy for AI, automation and data to improve decision velocity and resource deployment. This appointment elevates technology and innovation as primary drivers of organic growth. Timken is evolving its regional leadership structure to support accelerated sales growth. Sudesh Kumar, formerly vice president, sales and customer engineering Americas, is appointed to the new position of president of Americas. Diego Macario, formerly president of Groeneveld-BEKA, is appointed to the new position of president of Europe. Continuing in their regional leadership roles are Lance Yu, president of China and Northeast Asia, and Sanjay Koul, president of India, Africa, Middle East and Central and Southeast Asia. Responsible for regional growth strategies, these leaders are tasked with driving greater geographic penetration, unlocking new commercial opportunities and supporting local customer needs. Aankondiging • Nov 14
The Timken Company Declares Quarterly Cash Dividend, Payable on December 5, 2025 The Timken Company's board of directors declared a quarterly cash dividend of 35 cents per share. The dividend is payable on December 5, 2025, to shareholders of record as of November 25, 2025. Aankondiging • Oct 29
The Timken Company Revises Earnings Guidance for the Year 2025 The Timken Company revised earnings guidance for the year 2025. The company is updating its 2025 outlook, with full-year earnings per diluted share now forecasted to be in the range of $3.90 to $4.00. The company is now planning for 2025 revenue to be down approximately 0.75% in total at the midpoint, a slight improvement versus the midpoint of its prior outlook. Aankondiging • Oct 14
The Timken Company to Report Q3, 2025 Results on Oct 29, 2025 The Timken Company announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025 Aankondiging • Aug 14
The Timken Company Announces Chief Financial Officer Changes The Timken Company on August 14, 2025 announced that its Board of Directors has appointed Michael A. Discenza as vice president, chief financial officer and an officer of the company, effective August 14, 2025. Discenza has 25 years of experience at Timken in roles of increasing responsibility, including the last 10 as vice president, finance, and group controller. Since joining the company in 2000, Discenza has progressed through a variety of financial and accounting leadership roles. A trusted partner to the executive leadership team, Discenza combines extensive industry knowledge with financial expertise to optimize the performance of the business. His experience also includes accounting and external reporting, financial planning and analysis, investor relations and advising the Board's audit committee. He holds bachelor's and master's degrees in economics from The University of Akron and is a certified management accountant. Discenza succeeds Philip D. Fracassa, who is leaving Timken to pursue another opportunity. Aankondiging • Aug 09
The Timken Company Declares Quarterly Cash Dividend, Payable on August 29, 2025 The board of directors of The Timken Company declared a quarterly cash dividend of 35 cents per share. The dividend is payable on August 29, 2025, to shareholders of record as of August 19, 2025. Aankondiging • Jul 30
The Timken Company Updates Earnings Guidance for the Full Year 2025 The Timken Company updated earnings guidance for the full year 2025. For the year, the company earnings per diluted share now forecasted to be in the range of $3.90 to $4.20. The company is taking a cautious view on second half demand and is now planning for 2025 revenue in the range of -2.0% to -0.5% in total compared to 2024. Aankondiging • Jul 10
The Timken Company to Report Q2, 2025 Results on Jul 30, 2025 The Timken Company announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Aankondiging • Jun 03
Timken Names Timothy A. Graham President of Industrial Motion and an Officer The Timken Company announced the appointment of Timothy A. Graham as president of Industrial Motion and an officer of the company, effective immediately. Graham, who most recently served as vice president of operations for Engineered Bearings, succeeds Christopher A. Coughlin. Coughlin, who announced his retirement earlier this year, will remain with the company through his planned retirement to help ensure a seamless transition. Since joining Timken in 2003, Graham has built an impressive track record leading complex global operations. Most recently, as vice president of operations for Engineered Bearings, he led a worldwide network of bearing manufacturing and distribution facilities. His responsibilities also included companywide leadership of supply chain, sourcing, quality, continuous improvement, EH&S and sustainability. Graham served as acting president for American Roller Bearing and Aurora Bearing following their acquisitions, and gained valuable international experience leading European operations from Colmar, France. Before joining Timken, Graham held supply chain leadership roles at International Paper and Thomas & Betts. Graham holds a bachelor's degree in transportation and logistics management from Kent State University and an executive MBA from the University of Memphis. Aankondiging • May 02
Timken Raises Quarterly Cash Dividend, Payable on May 23, 2025 The board of directors of The Timken Company approved a 3% increase in the company's quarterly cash dividend, raising it to 35 cents per share. The dividend is payable on May 23, 2025, to shareholders of record as of May 13, 2025. Aankondiging • May 01
The Timken Company Reduces Earnings Guidance for the Full Year 2025 The Timken Company reduced earnings guidance for the full year 2025. For the year, the company is reducing, with earnings per diluted share now forecasted to be in the range of $3.90 to $4.40. The updated outlook reflects an estimated net impact from tariffs and its expectation for slightly lower demand over the rest of the year. The company is now planning for 2025 revenue in the range of -2.5% to 0% in total compared to 2024. Aankondiging • Apr 11
The Timken Company to Report Q1, 2025 Results on Apr 30, 2025 The Timken Company announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025 Aankondiging • Mar 18
The Timken Company, Annual General Meeting, May 02, 2025 The Timken Company, Annual General Meeting, May 02, 2025. Aankondiging • Feb 14
Timken Declares Quarterly Dividend, Payable on March 7, 2025 Timken declared a quarterly cash dividend of 34 cents per share. The dividend is payable on March 7, 2025, to shareholders of record as of Feb. 25, 2025. Aankondiging • Feb 06
The Timken Company Announces Retirement of Christopher A. Coughlin as Executive Vice President and President, Industrial Motion The Timken Company announced that Christopher A. Coughlin, executive vice president and president, Industrial Motion, will retire at the end of the year after 41 years with the company. Prior to his current role, Coughlin led the engineered bearings business. He is credited with developing Timken's global manufacturing footprint and extensive distribution network, delivering industry-leading quality and customer service levels and running Timken operations with greater efficiency to drive performance. Aankondiging • Feb 05
The Timken Company Provides Earnings Guidance for the Year 2025 The Timken Company provided earnings guidance for the year 2025. For the year 2025, the company expects revenue in the range of -4% to -1% in total compared to 2024, including unfavorable foreign currency translation. The company is setting an initial outlook for 2025 earnings per diluted share in the range of $4.30 to $4.80. Aankondiging • Jan 21
Timken Appoints Kim Ryan to Its Board of Directors The Timken Company announced the appointment of Kimberly K. (Kim) Ryan to its Board of Directors. Her election increases The Timken Company Board to 13 members. Ryan has served as director, president and CEO of Hillenbrand Inc. From 2015 to 2021, she was president of the company's largest business, Coperion, a worldwide leader in compounding systems. Ryan started her career with Batesville, a former subsidiary of Hillenbrand, in 1989. She held roles of increasing responsibility within Batesville and Hill-Rom, a medical technology provider, in finance, strategy, operations, logistics, information technology and commercial division leadership prior to her current role. Ryan will serve as a member of the Board's Compensation and Audit committees. She holds a bachelor's degree in business administration and accounting from Iowa State University and serves on the National Association of Manufacturers Board of Directors and as a member of the Dean's Advisory Council at Iowa State University's Ivy School of Business. Aankondiging • Jan 15
The Timken Company to Report Q4, 2024 Results on Feb 05, 2025 The Timken Company announced that they will report Q4, 2024 results Pre-Market on Feb 05, 2025 Recent Insider Transactions • Nov 14
Director recently sold €2.1m worth of stock On the 8th of November, Richard Kyle sold around 30k shares on-market at roughly €71.40 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €18m more than they bought in the last 12 months. Aankondiging • Nov 08
the Timken Company Declares Quarterly Dividend, Payable on November 29, 2024 The board of directors of The Timken Company declared a quarterly cash dividend of 34 cents per share. The dividend is payable on November 29, 2024, to shareholders of record as of November 19, 2024. New Risk • Nov 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (€4.5m sold). Aankondiging • Nov 05
The Timken Company Updates Financial Guidance for the Full Year 2024 The Timken Company updated financial guidance for the full year 2024. The company is reducing its full-year 2024 outlook, with earnings per diluted share now forecasted to be in the range of $4.65 to $4.75. The company now expects revenue to be down approximately 4% in total from 2023. Aankondiging • Oct 14
The Timken Company to Report Q3, 2024 Results on Nov 05, 2024 The Timken Company announced that they will report Q3, 2024 results Pre-Market on Nov 05, 2024 Declared Dividend • Aug 12
Second quarter dividend of US$0.34 announced Shareholders will receive a dividend of US$0.34. Ex-date: 20th August 2024 Payment date: 30th August 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Aug 07
President recently sold €2.2m worth of stock On the 5th of August, Richard Kyle sold around 30k shares on-market at roughly €73.60 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.6m. Richard has been a net seller over the last 12 months, reducing personal holdings by €12m. Aankondiging • Aug 05
The Timken Company (NYSE:TKR) agreed to acquire C G I, Inc. The Timken Company (NYSE:TKR) agreed to acquire C G I, Inc. on August 5, 2024. The deal is subject to customary closing conditions, including regulatory approval, and is expected to close in the third quarter. Timken will fund the transaction with a combination of cash on hand and existing committed credit facilities. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$1.37 (vs US$1.74 in 2Q 2023) Second quarter 2024 results: EPS: US$1.37 (down from US$1.74 in 2Q 2023). Revenue: US$1.18b (down 7.1% from 2Q 2023). Net income: US$96.2m (down 23% from 2Q 2023). Profit margin: 8.1% (down from 9.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Aankondiging • Jul 31
The Timken Company Updates Earnings Guidance for the Full Year 2024 The Timken Company updated earnings guidance for the Full Year 2024. The company is updating its full-year 2024 outlook, with earnings per diluted share now forecasted to be in the range of $5.00 to $5.20. The company now expects revenue to be down 3 to 4% in total from 2023. Aankondiging • Jul 11
The Timken Company to Report Q2, 2024 Results on Jul 31, 2024 The Timken Company announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Jul 31, 2024 Recent Insider Transactions • May 16
President recently sold €2.6m worth of stock On the 14th of May, Richard Kyle sold around 30k shares on-market at roughly €85.39 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €4.1m. Richard has been a net seller over the last 12 months, reducing personal holdings by €9.8m. Recent Insider Transactions • May 07
President recently sold €4.1m worth of stock On the 3rd of May, Richard Kyle sold around 50k shares on-market at roughly €83.00 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Richard has been a net seller over the last 12 months, reducing personal holdings by €7.2m. Declared Dividend • May 06
First quarter dividend of US$0.34 announced Shareholders will receive a dividend of US$0.34. Ex-date: 13th May 2024 Payment date: 28th May 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 06
The Timken Company Raises Quarterly Cash Dividend, Payable on May 28, 2024 The board of directors of The Timken Company approved a 3% increase in the company's quarterly cash dividend, raising it to 34 cents per share. The dividend is payable on May 28, 2024, to shareholders of record as of May 14, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.47 (vs US$1.69 in 1Q 2023) First quarter 2024 results: EPS: US$1.47 (down from US$1.69 in 1Q 2023). Revenue: US$1.19b (down 5.7% from 1Q 2023). Net income: US$103.5m (down 15% from 1Q 2023). Profit margin: 8.7% (down from 9.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 30
The Timken Company Raises Earnings Guidance for the Full Year 2024 The Timken Company raised earnings guidance for the full year 2024. For the period, Company expects earnings per diluted share to be in the range of $5.10 to $5.40. The company now expects revenue to be down 2% to 4% in total from 2023. Aankondiging • Apr 12
The Timken Company to Report Q1, 2024 Results on Apr 30, 2024 The Timken Company announced that they will report Q1, 2024 results Pre-Market on Apr 30, 2024 Aankondiging • Mar 28
The Timken Company Announces Chief Executive Officer Changes The Timken Company Board of Directors has reached an agreement with Tarak Mehta to become Timken's next president and chief executive officer on Sept. 5, 2024. Mehta is currently president of the Motion business and member of the Group Executive Committee at ABB Ltd. Mehta will be appointed Timken president and CEO after he completes a transition period with ABB. Richard G. Kyle will remain president and CEO until Mehta's appointment date. At that time, Kyle will move into an advisory role to assist with the leadership transition. Kyle plans to retire as an employee of Timken following a decade of leadership as CEO but will continue to serve on the Timken Board of Directors. Mehta has 35 years of industry experience, including a 26-year career at ABB. As president of ABB's Motion business, he has extensive experience accelerating organic growth and innovation across global industrial markets, scaling business portfolios through M&A transactions and helping customers save energy and improve efficiency. While at ABB, Mehta held a variety of global business leadership positions of increasing responsibility, including president of Electrification Products. Mehta will be joining the Timken team in North Canton, Ohio, and is expected to be appointed to the Timken Board of Directors at a future date. Kyle joined Timken in 2006 and was appointed president and CEO in 2014. He is credited for transforming the company into a global diversified industrial leader while achieving record-levels of financial performance. As CEO, he established two leading business segments, Engineered Bearings and Industrial Motion, and significantly evolved the company's market mix. Kyle's disciplined capital allocation, operational rigor and focus on profitable growth enabled Timken to build scale, enter new product lines, expand globally and diversify its end markets to drive shareholder value. Aankondiging • Mar 27
The Timken Company Announces President Changes The Timken Company Board of Directors has reached an agreement with Tarak Mehta to become Timken's next president and chief executive officer on Sept. 5, 2024. Mehta is currently president of the Motion business and member of the Group Executive Committee at ABB Ltd. Mehta will be appointed Timken president and CEO after he completes a transition period with ABB. Richard G. Kyle will remain president and CEO until Mehta's appointment date. At that time, Kyle will move into an advisory role to assist with the leadership transition. Kyle plans to retire as an employee of Timken following a decade of leadership as CEO but will continue to serve on the Timken Board of Directors. Mehta has 35 years of industry experience, including a 26-year career at ABB. As president of ABB's Motion business, he has extensive experience accelerating organic growth and innovation across global industrial markets, scaling business portfolios through M&A transactions and helping customers save energy and improve efficiency. While at ABB, Mehta held a variety of global business leadership positions of increasing responsibility, including president of Electrification Products. Mehta will be joining the Timken team in North Canton, Ohio, and is expected to be appointed to the Timken Board of Directors at a future date. Kyle joined Timken in 2006 and was appointed president and CEO in 2014. He is credited for transforming the company into a global diversified industrial leader while achieving record-levels of financial performance. As CEO, he established two business segments, Engineered Bearings and Industrial Motion, and significantly evolved the company's market mix. Kyle's disciplined capital allocation, operational rigor and focus on profitable growth enabled Timken to build scale, enter new product lines, expand globally and diversify its end markets to drive shareholder value. Aankondiging • Mar 15
The Timken Company, Annual General Meeting, May 03, 2024 The Timken Company, Annual General Meeting, May 03, 2024, at 10:00 Eastern Daylight. Agenda: To consider Election of ten Directors to serve for a term of one year: Maria A. Crowe, Elizabeth A. Harrell, Richard G. Kyle, Sarah C. Lauber, Christopher L. Mapes, James F. Palmer, Ajita G. Rajendra, Frank C. Sullivan, John M. Timken, Jr., and Ward J. Timken, Jr; to consider the Ratification of the appointment of Ernst & Young LLP as company's independent auditor for the fiscal year ending December 31, 2024; and to consider other matters. Declared Dividend • Feb 12
Fourth quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 16th February 2024 Payment date: 6th March 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 09
The Timken Company Declares Quarterly Cash Dividend, Payable on March 6, 2024 The board of directors of The Timken Company declared a quarterly cash dividend of 33 cents per share. The dividend is payable on March 6, 2024, to shareholders of record as of Feb. 20, 2024. Reported Earnings • Feb 06
Full year 2023 earnings released: EPS: US$5.52 (vs US$5.54 in FY 2022) Full year 2023 results: EPS: US$5.52 (down from US$5.54 in FY 2022). Revenue: US$4.77b (up 6.1% from FY 2022). Net income: US$394.1m (down 3.3% from FY 2022). Profit margin: 8.3% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Aankondiging • Feb 05
The Timken Company Provides Earnings Guidance for the Fiscal Year 2024 The Timken Company provided earnings guidance for the fiscal year 2024. for the year, the company expects revenue to be down in the range of 2.5% to 4.5% in total, as the benefit of acquisitions completed during 2023 is expected to be more than offset by lower anticipated organic revenue based on the current demand environment. The company is planning for GAAP earnings per diluted share in the range of $4.90 to $5.30. Aankondiging • Jan 12
The Timken Company to Report Q4, 2023 Results on Feb 05, 2024 The Timken Company announced that they will report Q4, 2023 results Pre-Market on Feb 05, 2024 Aankondiging • Dec 23
The Timken Company (NYSE:TKR) acquired Lagersmit Sealing Solutions B.V. from Anders Invest B.V. and De Hoge Dennen Capital PE BV. The Timken Company (NYSE:TKR) acquired Lagersmit Sealing Solutions B.V. from Anders Invest B.V. and De Hoge Dennen Capital PE BV on December 21, 2023. Timken funded the transaction with cash on hand and its existing revolving credit facility.The Timken Company (NYSE:TKR) completed the acquisition of Lagersmit Sealing Solutions B.V. from Anders Invest B.V. and De Hoge Dennen Capital PE BV on December 21, 2023. Fokko Poldervaart and Martijn de Win of Oaklins N.V. acted as financial advisors to The Timken Company in the deal. Recent Insider Transactions • Nov 16
Executive VP recently sold €341k worth of stock On the 14th of November, Philip Fracassa sold around 5k shares on-market at roughly €68.21 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Philip has been a net seller over the last 12 months, reducing personal holdings by €689k. Aankondiging • Nov 04
The Timken Company Declares Quarterly Cash Dividend, Payable on Nov. 29, 2023 The board of directors of The Timken Company declared a quarterly cash dividend of 33 cents per share. The dividend is payable on Nov. 29, 2023, to shareholders of record as of Nov. 14, 2023. Aankondiging • Nov 03
The Timken Company (NYSE:TKR) completed the acquisition of Innovative Mechanical Solutions Ltd. The Timken Company (NYSE:TKR) entered into an agreement to acquire Innovative Mechanical Solutions Ltd. on October 16, 2023. Timken will fund the transaction with a combination of cash on hand and its existing revolving credit facility. The deal is subject to customary closing conditions and is expected to close in the fourth quarter. The business employs approximately 70 people.The Timken Company (NYSE:TKR) completed the acquisition of Innovative Mechanical Solutions Ltd. on November 1, 2023. The business projects revenue of around $30 million for calendar year 2023. Aankondiging • Nov 02
The Timken Company Provides Earnings Guidance for the Full Year 2023 The Timken Company provided earnings guidance for the Full Year 2023. For the year, the company expects earnings per diluted share to be in the range of $5.60 to $5.70. The company is now planning for 2023 revenue to be up 5 to 5.5% in total from 2022. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$1.24 (vs US$1.19 in 3Q 2022) Third quarter 2023 results: EPS: US$1.24 (up from US$1.19 in 3Q 2022). Revenue: US$1.14b (flat on 3Q 2022). Net income: US$87.9m (up 1.0% from 3Q 2022). Profit margin: 7.7% (in line with 3Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 28
Zhejiang Tianma Bearing Group Co., Ltd. acquired Jiangsu Twb Bearings Co.,Ltd. from The Timken Company (NYSE:TKR). Zhejiang Tianma Bearing Group Co., Ltd. acquired Jiangsu Twb Bearings Co.,Ltd. from The Timken Company (NYSE:TKR) on October 26, 2023. In 2022, Jiangsu Twb posted revenue of approximately $40 million.Zhejiang Tianma Bearing Group Co., Ltd. completed the acquisition of Jiangsu Twb Bearings Co.,Ltd. from The Timken Company (NYSE:TKR) on October 26, 2023. Aankondiging • Oct 17
The Timken Company (NYSE:TKR) entered into an agreement to acquire Innovative Mechanical Solutions Ltd.. The Timken Company (NYSE:TKR) entered into an agreement to acquire Innovative Mechanical Solutions Ltd. on October 16, 2023. Timken will fund the transaction with a combination of cash on hand and its existing revolving credit facility. The deal is subject to customary closing conditions and is expected to close in the fourth quarter. The business employs approximately 70 people. Aankondiging • Oct 14
The Timken Company to Report Q3, 2023 Results on Nov 01, 2023 The Timken Company announced that they will report Q3, 2023 results Pre-Market on Nov 01, 2023 Aankondiging • Sep 06
The Timken Company (NYSE:TKR) acquired Des-Case Corporation. The Timken Company (NYSE:TKR) acquired Des-Case Corporation on September 5, 2023. Timken funded the transaction with a combination of cash on hand and its existing revolving credit facility.The Timken Company (NYSE:TKR) completed the acquisition of Des-Case Corporation on September 5, 2023. Recent Insider Transactions • Aug 20
President recently sold €1.7m worth of stock On the 16th of August, Richard Kyle sold around 24k shares on-market at roughly €70.44 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Aankondiging • Aug 04
The Timken Company Provides Earnings Guidance for the Full Year 2023 The Timken Company provides earnings guidance for the Full Year 2023. For the year, the company expects earnings per diluted share to be in the range of $5.70 to $6.10. Buying Opportunity • Aug 03
Now 26% undervalued Over the last 90 days, the stock is up 8.2%. The fair value is estimated to be €97.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 9.9% in 2 years. Earnings is forecast to grow by 33% in the next 2 years. Aankondiging • Aug 03
The Timken Company Declares Quarterly Cash Dividend, Payable on August 28, 2023 The Timken Company declared a quarterly cash dividend of 33 cents per share. The dividend is payable on August 28, 2023, to shareholders of record as of August 15, 2023. Aankondiging • Jul 14
The Timken Company to Report Q2, 2023 Results on Aug 03, 2023 The Timken Company announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023 Buying Opportunity • Jul 04
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 37% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €77.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €104 per share. Aankondiging • May 06
The Timken Company Announces Quarterly Dividend, Payable on May 30, 2023 The Timken Company approved a 6% increase in the company's quarterly cash dividend, raising it to 33 cents per share. The dividend is payable on May 30, 2023, to shareholders of record as of May 16, 2023. Aankondiging • May 04
The Timken Company Raises Earnings Guidance for the Full Year 2023 The Timken Company raised earnings guidance for the full year 2023. For the year, the company is increasing outlook, earnings per diluted share now forecasted to be in the range of $5.90 to $6.40. The company is now planning for 2023 revenue to be up approximately 9.5% in total at the midpoint from 2022, an increase from its prior outlook of 6% growth at the midpoint. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$1.69 (vs US$1.58 in 1Q 2022) First quarter 2023 results: EPS: US$1.69 (up from US$1.58 in 1Q 2022). Revenue: US$1.26b (up 12% from 1Q 2022). Net income: US$122.3m (up 3.5% from 1Q 2022). Profit margin: 9.7% (in line with 1Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Feb 17
Insider recently sold €1.2m worth of stock On the 14th of February, Christopher Coughlin sold around 15k shares on-market at roughly €79.46 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Aankondiging • Feb 11
The Timken Company Declares Quarterly Dividend, Payable on March 6, 2023 The board of directors of The Timken Company declared a quarterly cash dividend of 31 cents per share. The dividend is payable on March 6, 2023, to shareholders of record as of Feb. 21, 2023. Reported Earnings • Feb 07
Full year 2022 earnings released: EPS: US$5.54 (vs US$4.86 in FY 2021) Full year 2022 results: EPS: US$5.54 (up from US$4.86 in FY 2021). Revenue: US$4.50b (up 8.8% from FY 2021). Net income: US$407.4m (up 10% from FY 2021). Profit margin: 9.1% (up from 8.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 07
The Timken Company Provides Earnings Guidance for the Year 2023 The Timken Company provided earnings guidance for the year 2023. For the year, the company expects earnings per diluted share in the range of $5.80 to $6.40 and revenue to be up approximately 6% in total at the midpoint from 2022. Aankondiging • Feb 03
The Timken Company (NYSE:TKR) acquired Assets of American Roller Bearing Company. The Timken Company (NYSE:TKR) acquired Assets of American Roller Bearing Company on February 1, 2023.The Timken Company (NYSE:TKR) completed the acquisition of Assets of American Roller Bearing Company on February 1, 2023. Aankondiging • Jan 31
The Timken Company (NYSE:TKR) reached an agreement to acquire Nadella S.p.A. from Intermediate Capital Group plc (LSE:ICP). The Timken Company (NYSE:TKR) reached an agreement to acquire Nadella S.p.A. from Intermediate Capital Group plc (LSE:ICP) on January 30, 2023. The transaction will be funded with cash on hand and borrowings from committed credit facilities. Timken anticipates the acquisition will be accretive to adjusted earnings in 2023. Nadella posted revenue of approximately €100 million in 2022. The transaction is expected to close in the first quarter of 2023 and is subject to regulatory approvals. Aankondiging • Jan 17
The Timken Company to Report Q4, 2022 Results on Feb 06, 2023 The Timken Company announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 06, 2023 Recent Insider Transactions • Nov 18
Independent Director recently sold €130k worth of stock On the 14th of November, Jacqueline Woods sold around 2k shares on-market at roughly €72.21 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.0m. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. Independent Director Sarah Lauber was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 12
The Timken Company Declares Quarterly Cash Dividend, Payable on December 2, 2022 The board of directors of The Timken Company declared a quarterly cash dividend of 31 cents per share. The dividend is payable on Dec. 2, 2022, to shareholders of record as of Nov. 21, 2022. Aankondiging • Nov 08
The Timken Company (NYSE:TKR) acquired GGB, Inc. from Enpro Holdings, Inc. for 305 million. The Timken Company (NYSE:TKR) agreed to acquire GGB, Inc. from Enpro Holdings, Inc. for approximately 310 million on September 5, 2022. The Timken Company will fund the transaction with cash on hand and its existing revolving credit facility. The deal is subject to regulatory approvals and works council processes, along with the customary closing conditions and is expected to close in the fourth quarter of this year. The Timken Company anticipates the acquisition will be accretive to earnings in the first full quarter after closing. The deal is subject to closing date purchase price adjustments. The Company intends to use the estimated $290 million of after-tax proceeds from the two divestitures for leverage reduction, while continuing to invest in organic growth opportunities and selectively pursuing strategic acquisitions over time. Erin de la Mare and James Dougherty of Jones Day acted as legal advisor to The Timken Company. BofA Securities, Inc. acted as financial advsior and Robinson Bradshaw & Hinson, P.A. acted as legal advisor to Enpro Holdings, Inc. Bird & Bird LLP acted as legal advisor to Enpro Holdings, Inc. supporting internationally.
The Timken Company (NYSE:TKR) completed the acquisition of GGB, Inc. from Enpro Holdings, Inc. for 305 million on November 7, 2022. Recent Insider Transactions • Nov 02
Insider recently sold €1.0m worth of stock On the 28th of October, Christopher Coughlin sold around 15k shares on-market at roughly €69.68 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Aankondiging • Nov 02
PCX Aerostructures, LLC completed the acquisition of Timken Aerospace Drive Systems, LLC from The Timken Company (NYSE:TKR). PCX Aerostructures, LLC entered into a definitive agreement to acquire Timken Aerospace Drive Systems, LLC from The Timken Company (NYSE:TKR) on October 7, 2022. ADS revenue is expected to be around $50 million in 2022. Timken expects to close on the sale of ADS in the fourth quarter.
PCX Aerostructures, LLC completed the acquisition of Timken Aerospace Drive Systems, LLC from The Timken Company (NYSE:TKR) on November 1, 2022. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$1.19 (vs US$1.16 in 3Q 2021) Third quarter 2022 results: EPS: US$1.19. Revenue: US$1.14b (up 9.6% from 3Q 2021). Net income: US$87.0m (down 1.2% from 3Q 2021). Profit margin: 7.7% (down from 8.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Aankondiging • Oct 27
An unknown buyer agreed to acquire Timken Aerospace Drive Systems, LLC from The Timken Company (NYSE:TKR). An unknown buyer agreed to acquire Timken Aerospace Drive Systems, LLC from The Timken Company (NYSE:TKR) on October 10, 2022. ADS revenue is expected to be around $50 million in 2022. Timken expects to close on the sale of ADS in the fourth quarter. Aankondiging • Oct 14
The Timken Company to Report Q3, 2022 Results on Oct 26, 2022 The Timken Company announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Oct 26, 2022 Aankondiging • Sep 07
The Timken Company (NYSE:TKR) agreed to acquire GGB, Inc. from Enpro Holdings, Inc for $305 million. The Timken Company (NYSE:TKR) agreed to acquire GGB, Inc. from Enpro Holdings, Inc. for $305 million on September 6, 2022. The Timken Company will fund the transaction with cash on hand and its existing revolving credit facility. The deal is subject to customary closing conditions and is expected to close in the fourth quarter of this year. The Timken Company anticipates the acquisition will be accretive to earnings in the first full quarter after closing. Erin de la Mare and James Dougherty of Jones Day acted as legal advisor to The Timken Company. 
