NORTH CANTON, Ohio, Aug. 25, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today announced that its Board of Directors has appointed Lucian Boldea the company's president and CEO and member of the Board, effective Sept. 1, 2025. Boldea will succeed Richard G. Kyle, who has been in an interim role since March after having previously served as president and CEO from 2014 to 2024. Lucian Boldea Boldea joins Tim ...

Core Insights - The Timken Company published its corporate social responsibility (CSR) report, emphasizing advancements in environmental sustainability, social impact, and product innovation [1][2] Environmental Sustainability - Timken aims to reduce aggregate Scope 1 and Scope 2 greenhouse gas emissions intensity by 50% by 2030, having already decreased emissions intensity by approximately 42% from its 2018 baseline through the end of 2024 [2] - The company doubled its capital investment in energy efficiency projects from 2023 to 2024 and achieved a 15-fold increase in renewable energy use since 2018 [4] - Timken diverted 88% of waste from landfills in 2024 and reduced total annual waste generation by 40% since 2018 [4] Social Impact - Timken expanded global employee development and well-being programs, achieving a 91% participation rate from salaried staff in its employee engagement survey [4] - The company invested $1.25 million in global STEM programming in 2024 and expanded partnerships with organizations like FIRST® and the Girl Scouts, reaching thousands of students worldwide [4] Product Innovation - Timken is delivering innovative, sustainable products such as EnviroSpexx™ bearings designed for energy savings and advanced solutions for vertical farming, precision agriculture, and medical robots [4] - The company reported $4.6 billion in sales in 2024 and operates in 45 countries with approximately 19,000 employees globally [3]

Core Viewpoint - The Timken Company has appointed Michael A. Discenza as the new vice president and chief financial officer, effective immediately, succeeding Philip D. Fracassa who is leaving for another opportunity [1][3]. Company Overview - The Timken Company is a global technology leader in engineered bearings and industrial motion, with a history of over 125 years in innovation and customer-centric solutions [3]. - In 2024, Timken reported sales of $4.6 billion and employs approximately 19,000 people across 45 countries [3]. Leadership Transition - Michael A. Discenza has 25 years of experience at Timken, including the last 10 years as vice president of finance and group controller [1][2]. - Richard G. Kyle, president and CEO, expressed confidence in Discenza's leadership abilities to drive growth and performance within the company [2]. Discenza's Background - Discenza has held various financial and accounting leadership roles since joining Timken in 2000, demonstrating extensive industry knowledge and financial expertise [2]. - He holds both bachelor's and master's degrees in economics from The University of Akron and is a certified management accountant [2].

Core Points - The Timken Company declared a quarterly cash dividend of 35 cents per share, payable on August 29, 2025, to shareholders of record as of August 19, 2025 [1] - Timken has maintained a dividend payment every quarter since its listing on the NYSE in 1922, marking 413 consecutive quarters, which is one of the longest dividend streaks among NYSE-listed companies [2] - The Timken Company reported $4.6 billion in sales for 2024 and employs approximately 19,000 people globally, operating in 45 countries [3]

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 June 30, 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 THE TIMKEN COMPANY (Exact name of registrant as specified in its charter) Ohio 34-0577130 (State or other jurisdiction of incorporation ...

Financial Data and Key Metrics Changes - Total sales for the quarter were $1.17 billion, down less than 1% from last year, with organic sales down 2.5% due to lower demand in both segments, partially offset by higher pricing [6][15] - Adjusted EBITDA margins were 17.7%, and adjusted EPS was $1.42, both below prior year levels due to lower volumes, higher tariff costs, and unfavorable currency [7][15] - Free cash flow generated was $78 million, with a quarterly dividend raised by 3% and 340,000 shares repurchased [8][27] Business Segment Data and Key Metrics Changes - Engineered Bearings sales were $777 million, down 0.8% from last year, with lower end market demand in Europe and The Americas, offset by higher revenue in Asia [22] - Industrial Motion sales were $396 million, down 0.7%, with organic decline of 5.9% due to lower demand, although linear motion platform saw growth driven by new business wins [23][25] Market Data and Key Metrics Changes - In Asia Pacific, sales were up 2%, led by growth in China, while The Americas saw a decline of 3% and EMEA was down 5% [16][17] - The overall market environment remains stable, but there are signs of softness in industrial sectors, particularly in Europe and North America [9][17] Company Strategy and Development Direction - The company is focused on managing costs and driving structural cost actions to contribute to margin expansion over time, with plans to complete three plant closures in the second half of the year [10][12] - Timken is investing in high-growth applications within the automation sector, including industrial robotics and factory automation, to capitalize on market trends [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook for the second half of the year due to trade uncertainties, but remains optimistic about 2026, expecting industrial markets to expand as trade stabilizes [9][11] - The company is confident in its ability to mitigate tariff impacts and anticipates positive contributions from backlog growth and pricing actions [10][12] Other Important Information - The CEO search is ongoing, with strong interest in the role, and the board is confident in identifying a new leader soon [13][14] - The company continues to pursue M&A opportunities, particularly bolt-on acquisitions, even during the CEO transition [78] Q&A Session Summary Question: Can you unpack the trend to the organic volume guide? - Management indicated a cautious approach for the second half due to trade uncertainties, despite stable market conditions [36][38] Question: What are your thoughts on humanoid robots and their potential? - The company is working on applications for humanoid robots, but expects it to be a long-term play with modest revenue growth in the near term [39][41] Question: What were month-by-month orders through Q2? - Orders have been improving, and July sales rates are in line with the midpoint of guidance, indicating a cautious but positive outlook [47][48] Question: Can you provide an update on discussions with auto OEMs? - Discussions are ongoing, with expectations for some margin uplift in 2026, but no immediate impact anticipated [52][53] Question: How are inventory levels affecting distribution? - Inventory levels are currently good, but there is caution due to potential market weakness, particularly in discretionary spending areas [63][66] Question: What is the outlook for wind energy demand? - Demand in wind energy has improved, particularly in Asia, but growth may be muted in the second half due to pull-ahead spending [68][69] Question: Are there any market share issues or pricing competition? - Management stated that they are not losing market share and expect pricing to continue to rise, which will help recover costs [106][109]

Financial Data and Key Metrics Changes - Total sales for Q2 2025 were $1.17 billion, down less than 1% from the previous year, with organic sales declining by 2.5% due to lower demand in both segments, partially offset by higher pricing [5][13] - Adjusted EBITDA margins were 17.7%, and adjusted EPS was $1.42, both below prior year levels due to lower volumes, higher tariff costs, and unfavorable currency impacts [6][21] - Free cash flow generated in the quarter was $78 million, with a quarterly dividend increase of 3% and the repurchase of 340,000 shares [6][27] Business Line Data and Key Metrics Changes - Engineered Bearings sales were $777 million, down 0.8% year-over-year, with lower demand in Europe and The Americas, offset by higher revenue in Asia [22] - Industrial Motion sales were $396 million, down 0.7% from last year, with a 5.9% organic decline due to lower demand in several platforms, although linear motion showed growth [23][25] Market Data and Key Metrics Changes - In the Asia Pacific region, sales were up 2%, driven by growth in China, particularly in wind energy shipments [15] - The Americas saw a 3% decline, while EMEA experienced a 5% drop, although the rate of decline improved compared to previous quarters [15][16] Company Strategy and Development Direction - The company is focused on managing costs in response to current market demand and is implementing structural cost actions to improve margins over time [7][8] - Timken is investing in high-growth applications within the automation sector, including industrial robotics and factory automation, to capitalize on market trends [11][12] - The company is also on track to complete three plant closures in the second half of the year to mitigate planned volume declines and positively impact margins in 2026 [8] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook for the second half of 2025 due to ongoing trade uncertainties impacting costs and demand [7][30] - Despite current challenges, management remains optimistic about 2026, anticipating industrial market expansion as trade stabilizes and end-user confidence improves [9][10] Other Important Information - The company is actively managing the impact of tariffs, with an estimated full-year net negative impact of approximately $10 million, an improvement from previous estimates [32] - The CEO search is ongoing, with strong interest in the role, and the management team is confident in executing the company's strategic path during this transition [11][12] Q&A Session Summary Question: Can you unpack the trend to the organic volume guide? - Management indicated a cautious approach for the second half of the year, not seeing acceleration or deceleration in market demand, primarily due to trade uncertainties [39] Question: What are Timken's applications for humanoid robots? - The company is working on applications for humanoid robots, expecting modest revenue growth in the coming years, while focusing on existing automation markets [42] Question: How do July orders compare to Q2? - July sales rates are in line with or slightly ahead of the midpoint of the guidance, with improving order intake rates throughout the year [48] Question: Can you provide an update on discussions with auto OEMs? - Discussions are ongoing, with expectations for some positive uplift in margins by the second half of next year, though it is too early to quantify the impact [53] Question: What is the outlook for the wind energy market? - The company has seen a step-up in demand in wind energy, particularly driven by regulatory changes in China, although growth may be muted in the second half [68]

2Q 2025 Earnings Investor Presentation July 30, 2025 The Timken Company Agenda | Introduction | Neil Frohnapple Vice President of Investor Relations | | --- | --- | | Overview and | Rich Kyle | | Business Update | President and Chief Executive Officer | | Financial Review | Phil Fracassa | | | Executive Vice President and Chief Financial Officer | | Q&A | Question and Answer Session | 2 Forward-Looking Statements Safe Harbor and Non-GAAP Financial Information Certain statements in this presentation (includi ...

Timken Reports Second-Quarter 2025 Results | | 2Q-25 | 2Q-24 | % Change | | --- | --- | --- | --- | | Net Sales (mils.) | $1,173.4 | $1,182.3 | (0.8)% | | Net Income Margin | 6.7% | 8.1% | (140 bps) | | Adjusted EBITDA Margin | 17.7% | 19.5% | (180 bps) | | Diluted EPS | $1.12 | $1.36 | (17.6)% | | Adjusted EPS | $1.42 | $1.63 | (12.9)% | Excluding special items (detailed in the attached tables), adjusted net income in the second quarter was $99.3 million or $1.42 per diluted share. This compares to adjuste ...

Core Insights - The Timken Company reported second-quarter 2025 net sales of $1.17 billion, a decrease of 0.8% compared to the same period in 2024, primarily due to lower end-market demand, although partially offset by revenue from the CGI acquisition and favorable pricing [1][12] - The company's net income for the quarter was $78.5 million, or $1.12 per diluted share, down from $96.2 million, or $1.36 per diluted share, in the same quarter last year [2][12] - Adjusted EBITDA for the quarter was $208.2 million, representing 17.7% of sales, compared to $230.2 million, or 19.5% of sales, in the prior year [3][12] Financial Performance - Net income margin decreased to 6.7% from 8.1% year-over-year, while adjusted EPS fell to $1.42 from $1.63, reflecting a 12.9% decline [2][3] - The company generated $111.3 million in net cash from operations and reported free cash flow of $78.2 million [4][12] - Timken returned $47.0 million to shareholders through dividends and share repurchases during the quarter, with a 3% increase in quarterly dividends [4][12] Segment Performance - Engineered Bearings segment sales were $777.4 million, down 0.8% year-over-year, with higher renewable energy demand offset by lower demand in other sectors [5][12] - Industrial Motion segment sales decreased by 0.7% to $396.0 million, with lower demand across most platforms despite contributions from the CGI acquisition [7][12] - Adjusted EBITDA margins for Engineered Bearings and Industrial Motion were 19.7% and 18.3%, respectively, both showing declines from the previous year [6][8] Outlook - The company has revised its full-year 2025 earnings per diluted share forecast to a range of $3.90 to $4.20, with adjusted earnings per diluted share expected to be between $5.10 and $5.40 [9][12] - Timken anticipates a challenging operating environment in the second half of 2025, driven by trade situations and macroeconomic factors [10][12] - Despite current challenges, the company expresses optimism for 2026, planning to position itself for potential industrial market expansion [10][12]