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 (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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