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.
Timken (NYSE: TKR) is a global leader in engineered bearings and industrial motion technologies, serving critical sectors from aerospace to renewable energy. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological advancements.
Access authoritative coverage of Timken's earnings reports, product innovations, and strategic initiatives. Our curated collection includes press releases on new bearing technologies, acquisitions in the power transmission sector, and operational updates—all essential for understanding the company's market position.
Key updates focus on Engineered Bearings innovations, Industrial Motion solutions, and global manufacturing expansions. Stay informed about developments in metallurgy research, sustainability initiatives, and partnerships driving industrial efficiency across Timken's worldwide operations.
Bookmark this page for direct access to primary source materials and analysis-free reporting. Check regularly for updates impacting Timken's role in advancing mechanical power transmission and industrial reliability solutions.
The Timken Company (NYSE: TKR), a leading innovator in engineered bearings and industrial motion, has been honored by Newsweek and U.S. News & World Report as one of America's top workplaces. Newsweek's ranking, based on a study by Plant-A Insights, involved over 1.5 million reviews from 250,000 employees. U.S. News utilized public information and industry standards to determine its list, focusing on pay, benefits, work-life balance, job stability, and professional development. Timken's 125-year history of innovation and commitment to a strong, diverse work culture played a key role in these recognitions. The company reported $4.8 billion in sales in 2023 and employs over 19,000 people globally.
The Timken Company (NYSE: TKR) has announced the pricing of €600 million in 4.125% senior unsecured notes due in 2034, to be issued at 98.832% of par. The offering, managed by Goldman Sachs & Co. and J.P. Morgan Securities plc, is expected to close on May 23, 2024, subject to customary conditions. Timken plans to use the proceeds to redeem its 3.875% senior notes due 2024, repay borrowings under its senior unsecured revolving credit facility, and cover other corporate purposes. Timken, a global leader in engineered bearings and industrial motion, reported $4.8 billion in sales in 2023.
Timken Company (NYSE: TKR), a global leader in engineered bearings and industrial motion, will participate in the KeyBanc Industrials & Basic Materials Conference on May 30, 2024, in Boston. Representing Timken will be CEO Richard G. Kyle and CFO Philip D. Fracassa. The company, recognized for its innovation and responsibility, reported $4.8 billion in sales in 2023 and employs over 19,000 people across 45 countries. Conference materials will be available online at the Timken investor relations website.
The Timken Company (TKR) announced a 3% increase in its quarterly dividend to 34 cents per share. This marks 11 consecutive years of dividend increases, reflecting confidence in the company's long-term growth strategy and financial performance. Timken has a long history of dividend payments, with 408 consecutive quarters of dividends paid since 1922. The company's commitment to consistent dividend growth aligns with its capital allocation strategy.
Timken Company reported first-quarter 2024 sales of $1.19 billion, down 5.7% from last year. Despite lower revenue, earnings per share were $1.46 and adjusted EPS $1.77. Full-year outlook raised with expected EPS of $5.10-$5.40 and adjusted EPS $6.00-$6.30. Solid margin performance in the quarter. CEO succession plan announced. Timken recognized for ethics and innovation.
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