Timken Broadens Automated Lubrication Systems Capabilities with Acquisition of Bijur Delimon Accessibility StatementSkip Navigation NORTH CANTON, Ohio, March 18, 2026 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, has acquired the assets and related businesses of North Carolina-based Bijur Delimon International (BDI), a leading global designer and manufacturer of automated lubrication systems. "The acquisition of Bijur ...

Financial Data and Key Metrics Changes - Adjusted earnings per share for Q4 2025 was $1.40, exceeding the high end of guidance range [5] - Total sales in Q4 increased by 3.5% year-over-year, with organic revenue growth of over 1% driven by higher pricing and volume in the industrial motion segment [5][10] - Free cash flow reached $141 million in Q4, allowing the company to return $36 million to shareholders and reduce debt by over $100 million [5][16] - The company ended 2025 with a net leverage of 2 times, indicating a strong balance sheet [6] Business Line Data and Key Metrics Changes - Engineered bearings sales were $714 million in Q4, up 0.9% from last year, with organic sales down 1% due to lower volumes offsetting higher pricing [13] - Industrial motion sales were $397 million in Q4, up 8.4% year-over-year, with organic sales increasing by 5.6% driven by higher demand and pricing [14] Market Data and Key Metrics Changes - In the Americas, sales were flat, with growth in North America offset by lower revenue in Latin America [11] - Asia Pacific saw a 4% increase in sales, driven by growth in India and other regions, despite lower revenue in China [11] - EMEA also experienced a 4% increase, led by growth in the industrial motion segment [11] Company Strategy and Development Direction - The company is focusing on strategic initiatives, including the 80/20 portfolio work, to exit underperforming businesses and prioritize high-impact actions for margin and growth [7][8] - New leadership appointments, including a Chief Technology Officer and Vice President of Marketing, aim to align the organization with growth drivers and enhance innovation [9] - The company plans to generate organic revenue growth, strong free cash flow, and higher margins in 2026, with an expected adjusted EPS increase of around 8% [6][17] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about improving customer demand and order activity in 2026, despite macroeconomic uncertainties [6][30] - The company anticipates a 2% organic sales growth in 2026, driven by higher pricing and modest volume growth [17][36] - Management highlighted the importance of the 80/20 approach in simplifying operations and enhancing margins, although benefits may take time to materialize [52] Other Important Information - The company plans to host an Investor Day on May 20, 2026, to provide further insights into its strategy and performance [4] - Adjusted EBITDA margins for Q4 were 16%, slightly down from 16.6% the previous year, with cost savings and pricing actions helping to mitigate headwinds [10][12] Q&A Session Summary Question: How did orders progress through Q4 and into January? - Management noted that Q4 orders were better than expected, with a strong order book contributing to optimism for 2026, despite some seasonal declines [27][30] Question: Can you provide more color on segment contributions to the full-year guide? - Management indicated that margins were impacted by mix issues in engineered bearings, while industrial motion performed strongly, contributing to overall positive expectations [31][34] Question: What are the expectations for volume growth in 2026? - Management expects volumes to be slightly lower in Q1 due to a strong comparison from the previous year, with overall organic sales expected to be flat year-over-year [46][47] Question: How will new executive appointments impact innovation and sales growth? - The new appointments are focused on creating a framework for growth, aligning the company with macro trends, and enhancing the innovation portfolio [88][90] Question: What is the company's stance on M&A activity? - Management clarified that M&A remains a priority, with a focus on defining strategy and identifying potential acquisitions while also considering divestitures [92][94]