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.
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.
Timken (NYSE: TKR), a global leader in engineered bearings and industrial motion, announces participation in two upcoming investor conferences in New York City. Neil Frohnapple, VP of investor relations, will attend the Goldman Sachs Industrials Conference on December 4, 2024. Both Frohnapple and Philip D. Fracassa, EVP and CFO, will participate in the Melius Investor Conference on December 12. Conference materials will be available at investors.timken.com.
The company, with a 125-year history in specialized expertise and innovation, reported $4.8 billion in sales in 2023. Timken employs over 19,000 people across 45 countries, focusing on next-generation products for various industries.
Timken (NYSE: TKR) has declared a quarterly cash dividend of 34 cents per share, payable on Nov. 29, 2024, to shareholders of record as of Nov. 19, 2024. This marks the company's 410th consecutive quarterly dividend since its NYSE listing in 1922, representing one of the longest dividend streaks among NYSE-listed companies. 2024 will be Timken's eleventh consecutive year of annual dividend growth. The company, a global leader in engineered bearings and industrial motion, reported $4.8 billion in sales in 2023 and employs over 19,000 people across 45 countries.
Timken reported Q3 2024 sales of $1.13 billion, down 1.4% year-over-year, with organic sales declining 2.9%. Net income was $81.8 million ($1.16 per share), compared to $87.9 million ($1.23 per share) in Q3 2023. Adjusted EPS was $1.23, down from $1.55 last year. The company generated $123.2 million in operating cash flow and $88.2 million in free cash flow.
Due to challenging market conditions, particularly in Europe and China, Timken reduced its full-year 2024 outlook, now expecting revenue to decline approximately 4% from 2023, with adjusted EPS between $5.55-$5.65.
The Timken Company (NYSE: TKR), a global leader in engineered bearings and industrial motion, will release its third-quarter 2024 financial results on Tuesday, Nov. 5, before the New York Stock Exchange opens. The company will host a conference call at 11:00 a.m. Eastern Time to discuss its financial performance with investors and analysts.
Financial results and conference call materials will be available at http://investors.timken.com. A live dial-in and webcast will be provided, with a replay available until Nov. 19, 2024. Timken, celebrating 125 years of innovation, reported $4.8 billion in sales in 2023 and employs over 19,000 people across 45 countries.
The Timken Company (NYSE: TKR) has been recognized as a finalist in the manufacturing category of Fast Company's Best Workplaces for Innovators list. This accolade highlights Timken's commitment to fostering innovation across all levels of the organization. The company's 125-year history is marked by close collaboration with customers to create technical solutions that drive growth.
Timken's innovative culture empowers employees to design products with lasting impact in industries such as renewable energy, electric vehicles, and automation. The company posted $4.8 billion in sales in 2023 and employs over 19,000 people globally across 45 countries. Timken has also been recognized on Fast Company's World's Most Innovative Companies list and has received accolades from Newsweek, U.S. News & World Report, Ethisphere, and Fortune for its workplace culture, ethics, and innovation.
The Timken Company (NYSE: TKR), a global leader in engineered bearings and industrial motion, has completed its acquisition of CGI, Inc. CGI manufactures precision drive systems for automation markets, with a focus on medical robotics. The acquired company has approximately 130 employees and is expected to generate around $45 million in sales in 2024.
Timken, founded 125 years ago, reported $4.8 billion in sales for 2023 and employs over 19,000 people across 45 countries. The company has received numerous accolades, including recognition as one of the World's Most Innovative Companies by Fast Company and among America's Most Responsible Companies by Newsweek.
The Timken Company (NYSE: TKR) has appointed Tarak Mehta as its new president and CEO, effective September 5, 2024. Mehta, who previously served on ABB's Group Executive Committee and led its Motion business, succeeds Richard G. Kyle after a comprehensive search process. With 26 years of experience at ABB, Mehta brings strategic leadership and a proven track record of delivering results to Timken.
Kyle, who served as CEO for 10 years, will move into an advisory role to assist with the transition before retiring as a Timken employee in February 2025. He will continue to serve on the company's Board of Directors. Timken, a global leader in engineered bearings and industrial motion, posted $4.8 billion in sales in 2023 and employs over 19,000 people across 45 countries.
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