Addition will create unmatched portfolio of precision drives NORTH CANTON, Ohio, Aug. 5, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR;www.timken.com), a global technology leader in engineered bearings and industrial motion, has agreed to acquire CGI Inc., a Nevada-based manufacturer of precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The deal is subject to customary closing conditions, including regulatory approval, and is expected to close ...

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, 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) | --- | --- | |----------------------------------------------- ...

The Timken Company (NYSE:TKR) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Neil Frohnapple - VP of IR Richard Kyle - President and CEO Philip Fracassa - EVP and CFO Conference Call Participants Stephen Volkmann - Jefferies David Raso - Evercore ISI Robert Wertheimer - Melius Research Bryan Blair - Oppenheimer Steve Barger - KeyBanc Capital Markets Tim Thein - Raymond James Mike Shlisky - D.A. Davidson & Co Angel Castillo - Morgan Stanley Joe Ritchie - Goldman Sachs Chris D ...

2Q 2024 Earnings Investor Presentation July 31, 2024 The Timken Company Agenda Neil Frohnapple Vice President of Investor Relations Introduction Overview and Business Update Rich Kyle President and Chief Executive Officer Phil Fracassa Executive Vice President and Chief Financial Officer Financial Review Q&A Question and Answer Session 2 Forward-Looking Statements Safe Harbor and Non-GAAP Financial Information 3 Certain statements in this presentation (including statements regarding the company's forecasts, ...

Timken, which belongs to the Zacks Metal Products - Procurement and Fabrication industry, posted revenues of $1.18 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.22%. This compares to year-ago revenues of $1.27 billion. The company has topped consensus revenue estimates three times over the last four quarters. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by ...

Timken Reports Second-Quarter 2024 Results NORTH CANTON, Ohio: July 31, 2024 — The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today reported second-quarter 2024 sales of $1.18 billion, down 7.1 percent from last year's record level. Organically, sales were down 7.7 percent, with most of the decline attributable to significantly lower renewable energy demand in China. Sales were relatively flat compared to the first quarter on an organ ...

Sales of $1.18 billion, in line with company expectations Second-quarter earnings per share of $1.36; adjusted EPS of $1.63 Net income margin of 8.1 percent; adjusted EBITDA margin of 19.5 percent Updates full-year 2024 outlook; now expects EPS of $5.00-$5.20, with adjusted EPS of $6.00-$6.20 NORTH CANTON, Ohio, July 31, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today reported second-quarter 2024 sales of $1. ...

Timken (TKR) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 31. On the oth ...

Price and EPS Surprise Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. This maker of bearings and power transmissions has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 14.69%. The Zacks Earnings ESP compares the Most Accurate Estimate to th ...

NORTH CANTON, Ohio, July 10, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will release its second-quarter 2024 financial results on Wednesday, July 31, 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 ...