NORTH CANTON, Ohio, May 2, 2025 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today approved a 3 percent 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."Timken is proud to deliver 12 straight years of annual dividend increases," said Richard G. Kyle, president and chief ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-1169 Ohio 34-0577130 (State or other jurisdiction of incorporation or organization) 4500 Mount Pleasant Street NW North Canton Ohio 44720-54 ...

The Timken Company (TKR) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Company Participants Neil Frohnapple - Vice President - IRRichard Kyle - Interim President & CEOPhilip Fracassa - EVP and CFOStefan Diaz - Vice President, Equity ResearchChristopher Dankert - SVP - Equity Research Conference Call Participants Bryan Blair - Managing Director & Senior Research AnalystKyle Menges - Vice President - Equity Research AnalystMichael Shlisky - Managing Director & Senior Equity Research Analyst Operator Good m ...

The Timken Company (TKR) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Speaker0 Good morning. My name is Emily, and I will be your conference operator today. At this time, I would like to welcome everyone to Timken's First Quarter Earnings Release Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. Mr. You may begin your conference. Speaker1 Thank you, operator, and welcome, everyone, to ...

Group 1 - Timken reported revenue of $1.14 billion for the quarter ended March 2025, a decrease of 4.2% year-over-year, with EPS at $1.40 compared to $1.77 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $1.12 billion by 1.61%, while the EPS fell short of the consensus estimate of $1.43 by 2.10% [1] - Timken's stock has returned -5.1% over the past month, underperforming the Zacks S&P 500 composite's -0.2% change, and currently holds a Zacks Rank 5 (Strong Sell) [3] Group 2 - Net Sales for Industrial Motion were reported at $379.60 million, slightly above the average estimate of $370.77 million, representing a year-over-year decline of 2.1% [4] - Net Sales for Engineered Bearings reached $760.70 million, exceeding the estimated $749.02 million, but reflecting a 5.2% decrease compared to the previous year [4] - Adjusted EBITDA for Industrial Motion was $67.10 million, below the average estimate of $71.37 million, while Engineered Bearings reported an Adjusted EBITDA of $159.20 million, surpassing the estimate of $155.62 million [4]

1Q 2025 Earnings Investor Presentation April 30, 2025 The Timken Company The Company cautions that actual results may differ materially from those projected or implied in forward-looking statements due to a variety of important factors, including: the finalization of the Company's financial statements for the first quarter 2025; fluctuations in customer demand for the Company's products or services; unanticipated changes in business relationships with customers or their purchases from the Company; changes i ...

Timken (TKR) came out with quarterly earnings of $1.40 per share, missing the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.10%. A quarter ago, it was expected that this maker of bearings and power transmissions would post earnings of $0.98 per share when it actually produced earnings of $1.16, delivering a surprise of 18.37%.Over the last fou ...

Core Insights - The Timken Company reported first-quarter 2025 net sales of $1.14 billion, a decrease of 4.2% compared to the same period last year, attributed to lower end-market demand and unfavorable foreign currency translation, partially offset by acquisitions [1][13] - Net income for the quarter was $78.3 million, or $1.11 per diluted share, down from $103.5 million, or $1.46 per diluted share, in the prior year [2][26] - The company has adjusted its full-year 2025 outlook, forecasting diluted earnings per share in the range of $3.90 to $4.40 and adjusted earnings per share between $5.10 and $5.60, reflecting the impact of tariffs and expected lower demand [9][51] Financial Performance - First-quarter adjusted EBITDA was $208.1 million, representing 18.2% of sales, down from $246.4 million or 20.7% of sales in the same quarter last year [3][6] - The net income margin for the quarter was 6.9%, a decline from 8.7% in the previous year [2][19] - Free cash flow increased to $23.4 million from $5.2 million in the prior year, with net cash provided by operations rising to $58.6 million [4][41] Segment Performance - Engineered Bearings segment sales were $760.7 million, down 5.2% year-over-year, primarily due to lower demand in various sectors [5][19] - Industrial Motion segment sales decreased by 2.1% to $379.6 million, with higher revenue in some platforms offset by lower demand in others [7][19] - Adjusted EBITDA for the Engineered Bearings segment was $159.2 million, or 20.9% of sales, compared to $181.4 million or 22.6% of sales in the prior year [6][19] Outlook and Strategic Initiatives - The company is implementing cost reduction measures expected to generate gross savings of approximately $75 million in 2025 [10][11] - Timken anticipates a net direct impact from tariffs of about $25 million in 2025, with plans to mitigate these costs by year-end [9][10] - The management remains focused on navigating the unpredictable business environment and is actively pursuing pricing and cost-saving strategies [11][30]

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Group 1 - The Timken Company will release its Q1 2025 financial results on April 30, 2025, before the New York Stock Exchange opens [1] - A conference call will be held on the same day at 11:00 a.m. Eastern Time to discuss the financial performance with investors and analysts [2] - The company reported $4.6 billion in sales for 2024 and operates in 45 countries with approximately 19,000 employees [3] Group 2 - The financial results and conference call materials will be available online at the company's investor relations website [1] - Live dial-in and replay options for the conference call are provided for participants [2] - The Timken Company has over 125 years of experience in engineered bearings and industrial motion, focusing on customer-centric solutions [3]