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Getting In The Ring With A Chinese Robot Boxer
Bloomberg Technology· 2025-08-22 17:01
It's very likely that human robots are going to be robots that we can deploy into the world relatively easily. From labs in Shenzhen to workshops in Silicon Valley. Humanoids are stepping out of science fiction and into our reality.The race is on to dominate the next era in robotics, with companies in Asia and the US vying to take the lead. China is seen as a frontrunner, with Morgan Stanley saying the country will have the highest number of humanoids in use worldwide by 2050. It's the result of many years ...
Timken(TKR) - 2025 Q2 - Earnings Call Transcript
2025-07-30 16:02
Financial Data and Key Metrics Changes - Total sales for the quarter were $1.17 billion, down less than 1% from last year, with organic sales down 2.5% due to lower demand in both segments, partially offset by higher pricing [6][15] - Adjusted EBITDA margins were 17.7%, and adjusted EPS was $1.42, both below prior year levels due to lower volumes, higher tariff costs, and unfavorable currency [7][15] - Free cash flow generated was $78 million, with a quarterly dividend raised by 3% and 340,000 shares repurchased [8][27] Business Segment Data and Key Metrics Changes - Engineered Bearings sales were $777 million, down 0.8% from last year, with lower end market demand in Europe and The Americas, offset by higher revenue in Asia [22] - Industrial Motion sales were $396 million, down 0.7%, with organic decline of 5.9% due to lower demand, although linear motion platform saw growth driven by new business wins [23][25] Market Data and Key Metrics Changes - In Asia Pacific, sales were up 2%, led by growth in China, while The Americas saw a decline of 3% and EMEA was down 5% [16][17] - The overall market environment remains stable, but there are signs of softness in industrial sectors, particularly in Europe and North America [9][17] Company Strategy and Development Direction - The company is focused on managing costs and driving structural cost actions to contribute to margin expansion over time, with plans to complete three plant closures in the second half of the year [10][12] - Timken is investing in high-growth applications within the automation sector, including industrial robotics and factory automation, to capitalize on market trends [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook for the second half of the year due to trade uncertainties, but remains optimistic about 2026, expecting industrial markets to expand as trade stabilizes [9][11] - The company is confident in its ability to mitigate tariff impacts and anticipates positive contributions from backlog growth and pricing actions [10][12] Other Important Information - The CEO search is ongoing, with strong interest in the role, and the board is confident in identifying a new leader soon [13][14] - The company continues to pursue M&A opportunities, particularly bolt-on acquisitions, even during the CEO transition [78] Q&A Session Summary Question: Can you unpack the trend to the organic volume guide? - Management indicated a cautious approach for the second half due to trade uncertainties, despite stable market conditions [36][38] Question: What are your thoughts on humanoid robots and their potential? - The company is working on applications for humanoid robots, but expects it to be a long-term play with modest revenue growth in the near term [39][41] Question: What were month-by-month orders through Q2? - Orders have been improving, and July sales rates are in line with the midpoint of guidance, indicating a cautious but positive outlook [47][48] Question: Can you provide an update on discussions with auto OEMs? - Discussions are ongoing, with expectations for some margin uplift in 2026, but no immediate impact anticipated [52][53] Question: How are inventory levels affecting distribution? - Inventory levels are currently good, but there is caution due to potential market weakness, particularly in discretionary spending areas [63][66] Question: What is the outlook for wind energy demand? - Demand in wind energy has improved, particularly in Asia, but growth may be muted in the second half due to pull-ahead spending [68][69] Question: Are there any market share issues or pricing competition? - Management stated that they are not losing market share and expect pricing to continue to rise, which will help recover costs [106][109]
X @TechCrunch
TechCrunch· 2025-07-11 15:05
AI Hardware Trends - Disrupt 2025 will showcase advancements in AI hardware, including humanoids and autonomous vehicles (AVs) [1] - The event will highlight what's next in the AI hardware industry [1]