Group 1 - Timken reported revenue of $1.14 billion for the quarter ended March 2025, a decrease of 4.2% year-over-year, with EPS at $1.40 compared to $1.77 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $1.12 billion by 1.61%, while the EPS fell short of the consensus estimate of $1.43 by 2.10% [1] - Timken's stock has returned -5.1% over the past month, underperforming the Zacks S&P 500 composite's -0.2% change, and currently holds a Zacks Rank 5 (Strong Sell) [3] Group 2 - Net Sales for Industrial Motion were reported at $379.60 million, slightly above the average estimate of $370.77 million, representing a year-over-year decline of 2.1% [4] - Net Sales for Engineered Bearings reached $760.70 million, exceeding the estimated $749.02 million, but reflecting a 5.2% decrease compared to the previous year [4] - Adjusted EBITDA for Industrial Motion was $67.10 million, below the average estimate of $71.37 million, while Engineered Bearings reported an Adjusted EBITDA of $159.20 million, surpassing the estimate of $155.62 million [4]

1Q 2025 Earnings Investor Presentation April 30, 2025 The Timken Company The Company cautions that actual results may differ materially from those projected or implied in forward-looking statements due to a variety of important factors, including: the finalization of the Company's financial statements for the first quarter 2025; fluctuations in customer demand for the Company's products or services; unanticipated changes in business relationships with customers or their purchases from the Company; changes i ...

Company Performance - Timken reported quarterly earnings of $1.40 per share, missing the Zacks Consensus Estimate of $1.43 per share, and down from $1.77 per share a year ago, representing an earnings surprise of -2.10% [1] - The company posted revenues of $1.14 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.61%, but down from $1.19 billion year-over-year [2] - Over the last four quarters, Timken has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Outlook - Timken shares have declined approximately 8.6% since the beginning of the year, compared to a decline of -5.5% for the S&P 500 [3] - The current consensus EPS estimate for the coming quarter is $1.49 on revenues of $1.15 billion, and for the current fiscal year, it is $5.46 on revenues of $4.46 billion [7] - The estimate revisions trend for Timken is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [6] Industry Context - The Electronics - Miscellaneous Products industry, to which Timken belongs, is currently in the bottom 42% of over 250 Zacks industries, suggesting that the industry outlook may negatively impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - The Timken Company reported first-quarter 2025 net sales of $1.14 billion, a decrease of 4.2% compared to the same period last year, attributed to lower end-market demand and unfavorable foreign currency translation, partially offset by acquisitions [1][13] - Net income for the quarter was $78.3 million, or $1.11 per diluted share, down from $103.5 million, or $1.46 per diluted share, in the prior year [2][26] - The company has adjusted its full-year 2025 outlook, forecasting diluted earnings per share in the range of $3.90 to $4.40 and adjusted earnings per share between $5.10 and $5.60, reflecting the impact of tariffs and expected lower demand [9][51] Financial Performance - First-quarter adjusted EBITDA was $208.1 million, representing 18.2% of sales, down from $246.4 million or 20.7% of sales in the same quarter last year [3][6] - The net income margin for the quarter was 6.9%, a decline from 8.7% in the previous year [2][19] - Free cash flow increased to $23.4 million from $5.2 million in the prior year, with net cash provided by operations rising to $58.6 million [4][41] Segment Performance - Engineered Bearings segment sales were $760.7 million, down 5.2% year-over-year, primarily due to lower demand in various sectors [5][19] - Industrial Motion segment sales decreased by 2.1% to $379.6 million, with higher revenue in some platforms offset by lower demand in others [7][19] - Adjusted EBITDA for the Engineered Bearings segment was $159.2 million, or 20.9% of sales, compared to $181.4 million or 22.6% of sales in the prior year [6][19] Outlook and Strategic Initiatives - The company is implementing cost reduction measures expected to generate gross savings of approximately $75 million in 2025 [10][11] - Timken anticipates a net direct impact from tariffs of about $25 million in 2025, with plans to mitigate these costs by year-end [9][10] - The management remains focused on navigating the unpredictable business environment and is actively pursuing pricing and cost-saving strategies [11][30]

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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 ...