NORTH CANTON, Ohio, Oct. 14, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will release its third-quarter 2024 financial results on Tuesday, Nov. 5, 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. The financial results and conference call materials will be available online at http://i ...

The Timken Company (TKR) declared that it completed its previously announced acquisition of CGI, Inc. The acquisition of CGI will strengthen TKR's position as an international player in automation and robotics solutions. On Aug. 5, 2024, Timken revealed that it signed a deal to acquire CGI. TKR funded the deal using cash on hand and existing committed credit facilities. CGI's Portfolio Complements Timken CGI, founded in 1967, is a family-owned company with a compelling product portfolio, a strong presence i ...

NORTH CANTON, Ohio, Sept. 10, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR;www.timken.com), a global technology leader in engineered bearings and industrial motion, has completed its previously announced acquisition of CGI, Inc. CGI, Inc. manufactures precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The business employs approximately 130 people and is expected to generate around $45 million in sales in 2024. About The Timken Company The Timk ...

NORTH CANTON, Ohio, Sept. 5, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today appointed Tarak Mehta the company's president and CEO. Mehta was also elected to Timken's Board of Directors. Tarak MehtaTarak Mehta "I'm excited to join Timken and hear directly from our employees, customers and other stakeholders all around the globe about how we can accelerate profitable growth and continue to drive momentum for t ...

NORTH CANTON, Ohio, Aug. 29, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today issued its corporate social responsibility (CSR) report, providing an update on the company's actions to improve the lives of individuals and communities, benefit the planet and strengthen its business. "Our deep experience and specialized expertise provide us with a unique perspective and ability to navigate a rapidly changing world ...

NORTH CANTON, Ohio, Aug. 15, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will participate in the Jefferies Industrials Conference in New York City on Wednesday, Sept. 4, 2024, with a presentation scheduled at 7:30 a.m. Eastern Time. Presenting on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer and Neil Frohnapple, vice president of investor relations. A live web ...

NORTH CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Todd M. Leombruno to its Board of Directors. The election will bring The Timken Company Board to 11 members. Todd LeombrunoTodd Leombruno Leombruno has served as executive vice president and chief financial officer of Parker Hannifin Corp., a Fortune 250 global leader in motion and control technologies, si ...

Shares of The Timken Company (TKR) have moved down 7% since it reported second-quarter 2024 results on Jul 31, 2024, despite an earnings beat. Investors seem to be worried about the year-over-year declines in its top and bottom lines, reflecting significantly lower renewable energy demand in China. TKR reported adjusted earnings per share (EPS) of $1.63 for the quarter, which marked an 18.9% year-overyear decline. However, the bottom line beat the Zacks Consensus Estimate of $1.60. On a reported basis, the ...

da-kuk Too many people view investing as a form of gambling. But for value investors like myself, successful investing means playing the long game. Even though it would be great to see investments generate significant upside right out of the gate, it often requires time and patience in order for opportunities to play out. That is why I'm not disappointed with how things have been going when it comes to The Timken Company (NYSE:TKR). You see, back in April of this year, I wrote a bullish article about the co ...

NORTH CANTON, Ohio, Aug. 7, 2024 /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 declared a quarterly cash dividend of 34 cents per share. The dividend is payable on Aug. 30, 2024, to shareholders of record as of Aug. 20, 2024. Timken has paid a dividend on its common shares every quarter since its original listing on the New York Stock Exchange (NYSE) in 1922. The upcoming dividend repre ...