About The Timken Company The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For more than 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. Timken posted $4.6 billion in sales in 2024 and employs approximately 19,000 people globally, operating from 45 countries. Medi ...

Core Insights - The Timken Company has been recognized as a 2025 World's Most Ethical Companies honoree by Ethisphere, highlighting its commitment to ethical business practices and governance [1][2] - Timken is one of only 10 companies to appear on the annual list 14 or more times, showcasing its long-standing dedication to ethical standards [2] - The recognition reflects Timken's focus on transparency, integrity, and a strong culture of ethics, which are valued by employees and stakeholders [2][4] Company Overview - Timken is a global technology leader in engineered bearings and industrial motion, with $4.6 billion in sales reported for 2024 [4] - The company employs approximately 19,000 people and operates in 45 countries, emphasizing its extensive global presence [4] - Timken has been innovating and creating customer-centric solutions for over 125 years, focusing on reliability and efficiency [4] Recognition Process - Ethisphere's assessment involves a proprietary questionnaire requiring companies to provide over 240 proof points related to ethics, compliance, governance, and social impact [3] - The annual list includes 136 companies from 19 countries and 44 industries, indicating a competitive and rigorous selection process [2][3]

NORTH CANTON, Ohio, March 10, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will participate in the BofA Global Research Global Industrials Conference in London on Tuesday, March 18, 2025. Participating on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer, and Andreas Roellgen, executive vice president and president of Engineered Bearings. Materials shared during th ...

Core Points - The Timken Company is providing scholarships to 20 students pursuing various careers, demonstrating its commitment to education and community support [1][2] - Since the inception of the Timken Global Scholars Program in 1958, the company has awarded over $27 million in scholarships to 855 students [1] - The company reported $4.6 billion in sales for 2024 and employs approximately 19,000 people globally, operating in 45 countries [6] Scholarship Details - The Henry Timken Scholar Award, valued at $25,000 annually and renewable for up to three years, was awarded to Andrew Ziarko, who plans to study biomedical engineering and pre-dentistry [2] - The Jack Timken Scholar Award, valued at $20,000 annually and renewable for up to three years, was awarded to McGregor Brough, who intends to study business [3] - Six students received $10,000 annual awards, renewable for up to three years, while 12 students earned one-time scholarships of $10,000 each [3][4] Student Profiles - Notable scholarship recipients include: - Hannah Harley, majoring in biology at Michigan State University [4] - Frederick Li, studying biomedical engineering at Washington University in St. Louis [4] - Carter Russell, aspiring to study computer science and biomedical engineering at MIT [4] - Vedant Saraswat, planning to study organic chemistry at the National University of Singapore [4] - Aakar Sinha, majoring in computer science at Stanford University [4] - Navneet Vamanamoorthy, attending All India Institute of Medical Sciences for medical sciences [4] - Kendria Bynum, pursuing accounting at the University of North Carolina [4] - Layla De Vries, currently studying medicine in Germany [4] - Kristina Hess, studying speech pathology and audiology at Kent State University [4] - Sylvia Hough, majoring in astrophysics at The Ohio State University [4] - Martina Klecka, pursuing kinesiology at Azusa Pacific University [4] - Brynn Otto, studying biological sciences at Clemson University [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 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) (State or other jurisdiction of incorporation or organ ...

The Timken Company (TKR) reported fourth-quarter 2024 adjusted earnings per share (EPS) of $1.16, which beat the Zacks Consensus Estimate of 97 cents. The bottom line, however, marked a 15% year-over-year decline reflecting lower end-market demand in Europe and unfavorable foreign currency translation, partially offset by the benefit of acquisitions.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.On a reported basis, the company delivered earnings of $1.01 per share compared with ...

Financial Data and Key Metrics Changes - Overall revenue decreased by 1.6% year-over-year, with organic revenue down 2.5% primarily due to weak demand in Europe [9][34] - Adjusted EBITDA margins were reported at 16.6%, down 130 basis points from the previous year and 30 basis points from the third quarter [10][39] - Adjusted earnings per share (EPS) was $1.16, reflecting a 15% decline from last year [10][44] - Free cash flow for the fourth quarter was $125 million, totaling approximately $300 million for the full year [11][53] Business Line Data and Key Metrics Changes - Engineered Bearings sales were $708 million, down 2.3% year-over-year, with organic sales down 1.1% due to lower demand in Europe [46] - Industrial Motion sales were $366 million, a slight decline from last year, with organic sales down 5.6% [49] - Adjusted EBITDA for Engineered Bearings was $121 million (17.2% of sales), while Industrial Motion's adjusted EBITDA was $71 million (19.3% of sales) [48][51] Market Data and Key Metrics Changes - The Americas region showed resilience with a 2% increase in revenue, while Asia Pacific was down 3%, primarily due to a decline in China [37] - EMEA experienced an 11% decline due to an industrial slowdown in Western Europe [38] - The overall market conditions in Europe are expected to remain challenging, impacting the company's outlook for 2025 [12][55] Company Strategy and Development Direction - The company is focusing on becoming more customer-centric rather than product-centric, aiming to tailor products to local market needs [22][118] - Plans include prioritizing R&D and resources for higher growth and profitability segments, while reducing vertical integration across the portfolio [23][111] - The company is also looking at accretive M&A opportunities to enhance its presence in growing markets [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook for 2025 due to ongoing economic uncertainty and weak demand in Europe, expecting organic sales to be slightly lower [12][55] - The company anticipates adjusted EPS to be modestly down from 2024, primarily due to unfavorable currency impacts [14][58] - Management highlighted the importance of cost savings initiatives, expecting to deliver around $75 million in incremental savings in 2025 [14][96] Other Important Information - The company plans to continue its disciplined approach to capital allocation, focusing on investments with the highest returns [16][60] - A new plant expansion in Baruch, India, is expected to support growth in the industrial bearings business [24] - The planned retirement of Chris Copeland, a key leader in the industrial motions business, was acknowledged, with a search for his successor underway [30][31] Q&A Session Summary Question: Outlook for 2025 and market conditions - Management maintains a cautious outlook for 2025, primarily due to weak demand in Europe, despite some positive indicators like the ISM [75][78] Question: Impact of tariffs on COGS - Tariffs from Canada and Mexico could present a mid-single-digit million dollar headwind monthly, but the company expects to mitigate these impacts over time [82] Question: Book to bill ratio and backlog size - The order book is down year-over-year, but remains supportive of the full-year guidance, with expected organic sales decline similar to the fourth quarter [88][90] Question: Actions for cost savings beyond the $75 million - Management indicated that further actions will be detailed later in the year, focusing on portfolio adjustments and cost-saving measures [95][96] Question: Cross-selling opportunities - The company sees significant potential in cross-selling, particularly with recent acquisitions, but specific numbers will be provided later [157] Question: Renewable energy projects in Asia - Renewable energy sales are expected to remain flat in 2025, with the market stabilizing at lower levels [159]

4Q 2024 Earnings Investor Presentation February 5, 2025 The Timken Company Agenda | Introduction | Neil Frohnapple Vice President of Investor Relations | | --- | --- | | Overview and Business Update | Tarak Mehta 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 4Q 2024 Performance Highlights 5 Sales of $1.07 b ...

Timken (TKR) reported $1.07 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 1.6%. EPS of $1.16 for the same period compares to $1.37 a year ago.The reported revenue represents a surprise of +1.04% over the Zacks Consensus Estimate of $1.06 billion. With the consensus EPS estimate being $0.98, the EPS surprise was +18.37%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Timken (TKR) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.37%. A quarter ago, it was expected that this maker of bearings and power transmissions would post earnings of $1.37 per share when it actually produced earnings of $1.23, delivering a surprise of -10.22%.Over the last fo ...