Welcome to our dedicated page for Timken news (Ticker: TKR), a resource for investors and traders seeking the latest updates and insights on Timken stock.
The Timken Company (NYSE: TKR) regularly issues news as a global technology leader in engineered bearings and industrial motion. This news page aggregates company press releases and third-party coverage so readers can follow developments that Timken reports to investors, customers and other stakeholders.
Timken’s news flow often includes financial results, such as quarterly earnings releases that discuss net sales, segment performance for Engineered Bearings and Industrial Motion, margins, cash flow and outlook updates. These announcements are typically accompanied by conference call details and presentation materials for investors and securities analysts.
Another recurring theme in Timken news is leadership and governance updates. The company has reported appointments of its president and chief executive officer, vice president and chief financial officer, and other senior leaders, as well as new roles such as chief technology officer and vice president of marketing. These items describe changes in responsibilities, compensation arrangements and the company’s focus on technology strategy, market and channel strategy and regional growth.
Timken also issues releases on capital markets and regulatory matters, including participation in investor conferences and applications related to its reporting status in specific jurisdictions. In addition, the company highlights dividend declarations, noting its long history of paying quarterly dividends since its NYSE listing in 1922.
Readers interested in environmental, social and governance topics can find news about corporate responsibility and ethics recognitions, such as Timken’s inclusion on Newsweek's America's Most Responsible Companies list and its recognition as one of the World's Most Ethical Companies by Ethisphere. For investors, customers and observers of the industrial and capital goods sector, this page offers a centralized view of Timken’s official announcements over time.
Timken (NYSE: TKR), a global technology leader in engineered bearings and industrial motion, has announced its participation in the BofA Global Research Global Industrials Conference in London on March 18, 2025. The company will be represented by Philip D. Fracassa, executive vice president and CFO, and Andreas Roellgen, executive vice president and president of Engineered Bearings.
Conference materials will be accessible at http://investors.timken.com. The company, which has been operating for over 125 years, specializes in engineered bearings and industrial motion solutions across 45 countries. Timken reported $4.6 billion in sales for 2024 and currently employs approximately 19,000 people globally.
Timken (NYSE: TKR) has awarded $540,000 in scholarships to 20 students worldwide through its Timken Global Scholars Program. The recipients, children of Timken employees from the US, India, and France, will pursue various fields of study including biomedical engineering, business, and medical sciences.
The awards include a $25,000 annual Henry Timken Scholar Award, a $20,000 annual Jack Timken Scholar Award, six $10,000 renewable awards, and twelve $10,000 one-time scholarships. Since the program's inception in 1958, Timken's Charitable and Educational Fund has distributed over $27 million to 855 students.
The company, which posted $4.6 billion in sales in 2024 and employs approximately 19,000 people across 45 countries, continues its 125-year legacy of innovation in engineered bearings and industrial motion technology.
The Timken Company (NYSE: TKR), a global leader in engineered bearings and industrial motion, has announced its participation in three major investor conferences in March 2025. The company's Executive VP and CFO Philip D. Fracassa, along with VP of Investor Relations Neil Frohnapple, will attend the Evercore ISI Industrial Conference (March 4), the D.A. Davidson Best-of-Breed Bison Virtual Conference (March 7), and the Loop Capital Equity Research Conference (March 11).
Timken, with a 125-year history of innovation in specialized expertise and customer-centric solutions, reported $4.6 billion in sales for 2024. The company currently employs approximately 19,000 people and operates in 45 countries. Conference materials will be accessible to investors through the company's investor relations website.
The Timken Company (NYSE: TKR), a global technology leader in engineered bearings and industrial motion, has declared a quarterly cash dividend of 34 cents per share, payable on March 7, 2025, to shareholders of record as of Feb. 25, 2025.
This declaration marks 411 consecutive quarters of dividend payments, establishing one of the longest-running dividend streaks among NYSE-listed companies, dating back to its original NYSE listing in 1922. The company reported $4.6 billion in sales in 2024 and operates globally with approximately 19,000 employees across 45 countries.
Timken Company (NYSE: TKR) announced that Christopher A. Coughlin, Executive Vice President and President of Industrial Motion, will retire at the end of 2025 after 41 years with the company. During his tenure, Coughlin played a important role in the company's growth through organic initiatives, product innovation, and strategic M&A. He previously led the engineered bearings business and was instrumental in developing Timken's global manufacturing footprint and distribution network.
The company, which posted $4.6 billion in sales in 2024 and employs approximately 19,000 people across 45 countries, has initiated a search process to identify Coughlin's successor and ensure a smooth transition. Under his leadership, Timken expanded its industrial motion offerings and improved operational efficiency while maintaining high quality and customer service levels.
Timken (NYSE: TKR) reported Q4 2024 sales of $1.07 billion, down 1.6% year-over-year, with full-year 2024 sales declining 4.1% to $4.6 billion. The decrease was primarily driven by lower end-market demand in Europe and unfavorable foreign currency translation, partially offset by acquisitions.
Q4 diluted EPS was $1.01 (adjusted $1.16), while full-year 2024 diluted EPS reached $4.99 (adjusted $5.79). The company generated strong cash flow with $476 million from operations and $306 million in free cash flow for 2024.
For 2025, Timken expects revenue to decline between 1% to 4% compared to 2024, with adjusted EPS guidance of $5.30-$5.80. The company is implementing cost reduction actions targeting approximately $75 million in gross savings for 2025.
The Timken Company (NYSE: TKR), a global technology leader in engineered bearings and industrial motion, has appointed Kimberly K. (Kim) Ryan to its Board of Directors, expanding the board to 13 members. Ryan currently serves as director, president and CEO of Hillenbrand (NYSE: HI) since 2021.
Ryan brings extensive experience from her role at Hillenbrand and previous positions, including her tenure as president of Coperion from 2015 to 2021. She will serve on Timken's Compensation and Audit committees. The company, which reported $4.8 billion in sales in 2023 and employs 19,000 people across 45 countries, expects to benefit from Ryan's deep expertise in global manufacturing and business operations.
The Timken Company (NYSE: TKR), a global technology leader in engineered bearings and industrial motion, has scheduled its 2024 fourth-quarter and full-year financial results announcement for Wednesday, February 5, before the NYSE opening. The company will host a conference call with investors and analysts on the same day at 11:00 a.m. Eastern Time.
A replay of the conference call will be available through February 19, 2025. The company, which operates in 45 countries with 19,000 employees globally, reported $4.8 billion in sales for 2023. Timken's expertise spans over 125 years in creating customer-centric solutions for various industries, focusing on reliability and efficiency in engineered bearings and industrial motion.
The Timken Company (NYSE: TKR) celebrated its 125th anniversary by ringing the NYSE opening bell. President and CEO Tarak Mehta, along with board members and company leaders, participated in the ceremony at the NYSE, where Timken has been listed since 1922. The company, a global technology leader in engineered bearings and industrial motion, reported $4.8 billion in sales in 2023 and employs over 19,000 people across 45 countries.
The celebration included worldwide commemorative events and increased commitment to STEM education. Timken, founded in 1899, has contributed to various innovations, from the Wright Brothers' first flight to space exploration. The company was recently recognized as one of the World's Most Innovative Companies by Fast Company.
Timken (NYSE: TKR) has been named one of America's Most Responsible Companies by Newsweek and Statista for the fifth consecutive year. The recognition highlights Timken's dedication to corporate social responsibility, including community support, environmental initiatives, and business sustainability.
The selection process involved analyzing key performance indicators of the top 2,000 U.S. public companies and surveying 26,000 U.S. residents. Companies were evaluated on their CSR performance across social, environmental, and governance areas. Timken was among 600 honorees selected across 14 industries, appearing in the capital goods subcategory.
The company, which posted $4.8 billion in sales in 2023 and employs over 19,000 people globally, was also recognized as one of the World's Most Ethical Companies® by Ethisphere for the 13th time earlier this year.