Timken(TKR) - 2024 Q1 - Quarterly Results

Timken Reports First-Quarter 2024 Results; Raises Full-Year Outlook NORTH CANTON, Ohio: April 30, 2024 — The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today reported first-quarter 2024 sales of $1.19 billion, down 5.7 percent from the same period a year ago. The decrease was driven by lower demand, including a significant decline in renewable energy in China, and unfavorable foreign currency translation, partially offset by the benef ...