STOCK TITAN

Timken - TKR STOCK NEWS

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.

Overview of Timken

Timken (NYSE: TKR) is a global engineering company renowned for its expertise in engineered bearings, industrial motion products, and related power transmission systems. Leveraging deep knowledge in metallurgy, tribology, and mechanical power transmission, Timken designs, manufactures, and markets a comprehensive range of products including tapered, spherical, and cylindrical roller bearings, gearboxes, belts, and chain drives. These technologies are embedded in critical applications across industrial, automotive, aerospace, rail, heavy truck, mining, defense, agriculture, and construction sectors.

Core Business and Product Portfolio

Timken operates primarily through two main segments: Engineered Bearings and Industrial Motion. In its Engineered Bearings segment, the company focuses on delivering high-performance bearing solutions that enhance the reliability and efficiency of machinery and equipment. The Industrial Motion segment extends the company’s technological prowess to include gear drives, power transmission components, and advanced maintenance services. Through direct sales and a network of authorized dealers, Timken ensures its products reach a diverse global customer base including original equipment manufacturers and end users.

Innovation and Technical Expertise

At its core, Timken is distinguished by its innovation-driven approach and technical specialization. The design and manufacture of tapered roller bearings, in particular, have set industry benchmarks, with Timken applying precision engineering and analytical expertise to create reliable, long-lasting components. The company’s focus on continuous improvement and customer-centric technical support further reinforces its reputation as a trusted supplier of engineered solutions. Its technology integrations and recent strategic acquisitions have expanded its capabilities in automation and precision drive systems, reinforcing its market relevancy in high-growth sectors.

Market Position and Competitive Landscape

Timken holds a significant position within the mechanical and power transmission industries. Its robust portfolio of industrial brands—recognized for quality and reliability—competes on the basis of technical innovation and operational excellence. The company differentiates itself through a collaborative technical sales model that emphasizes customized solutions and support services. While facing competitive pressures from other established players in the industrial motion and bearing markets, Timken’s commitment to engineering excellence and proven operational strategies helps maintain its strong market presence.

Operational Excellence and Global Reach

Operating from multiple countries around the world, Timken has developed a global footprint that spans the Americas, Europe, Asia, and beyond. The company’s strategic use of advanced manufacturing techniques and a targeted approach to market segmentation allows it to meet diverse international standards and regulatory requirements. This global network supports resilience and adaptability in various economic climates, ensuring that its products remain essential components in complex industrial systems.

Customer-Centric Approach and Service Offerings

Beyond product excellence, Timken offers a spectrum of support services including powertrain rebuild and repair operations which contribute to the overall value proposition for its customers. This comprehensive service offering is tailored to enhance operational efficiency and extend the lifecycle of critical machinery. Through committed partnerships and direct dealer relationships, Timken facilitates a transparent and collaborative approach to solving the technical challenges faced by a wide range of industries.

Industry Keywords and Technical Detail

From the outset, key industry-specific terms such as engineered bearings, industrial motion, and mechanical power transmission are seamlessly integrated into Timken’s narrative. This careful usage of targeted terminology not only enhances search relevance but also establishes the company as an authority in areas requiring precise engineering and technical acumen. The detailed explanation of its product segments, operational strategies, and market dynamics creates an enduring resource for investors and industry professionals alike.

Conclusion

In summary, Timken exemplifies a blend of technical expertise, solid manufacturing operations, and a diverse product portfolio that drives productivity and efficiency in global industrial applications. With a steadfast focus on enhancing machinery reliability and operational performance, Timken continues to justify its standing as a crucial player in the engineered solutions landscape. This comprehensive analysis underscores the company’s commitment to quality, innovative engineering, and a deep-rooted customer-centric philosophy that has defined its 125-year legacy.

Rhea-AI Summary
The Timken Company awards scholarships to 20 students worldwide, totaling over $26 million since 1958. The program supports children of Timken employees pursuing various careers. Notable recipients include Aidan Byers and Haley Steppler, receiving $25,000 and $20,000 annually, respectively. The company aims to invest in future leaders across different countries and disciplines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
none
-
Rhea-AI Summary
The Timken Company (TKR) has declared a quarterly cash dividend of 33 cents per share, payable on March 6, 2024, to shareholders of record as of Feb. 20, 2024. This marks the 407th consecutive quarter of dividend payments, showcasing Timken's strong commitment to rewarding its shareholders. Timken is a global leader in engineered bearings and industrial motion products, with a long-standing presence in the market since its original listing on the NYSE in 1922.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.33%
Tags
dividends
-
Rhea-AI Summary
The Timken Company reported fourth-quarter 2023 sales of $1.09 billion, up 1 percent from the same period a year ago. The full-year 2023 EPS was $5.47, with an adjusted EPS of $7.05. However, the company provided an initial estimate for 2024 EPS of $4.90-$5.30, with adjusted EPS of $5.80-$6.20 on lower anticipated demand. The company also completed two significant acquisitions in 2023, added $70 million of pro forma annual revenue, and was named one of America's Most Responsible Companies for the fourth straight year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.45%
Tags
Rhea-AI Summary
American Woodmark Corporation (AMWD) announced the addition of Philip Fracassa to its board of directors. Fracassa brings extensive financial management expertise and global manufacturing experience, having served as executive vice president and CFO of The Timken Company. He holds a CPA and a law degree, and has a background in accounting and tax law. Fracassa's addition aims to strengthen the company's board and ensure effective strategy execution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
management
-
Rhea-AI Summary
The Timken Company (TKR) will release its 2023 fourth-quarter and full-year financial results on February 5, 2024, and host a conference call to discuss its financial performance with investors and securities analysts. The company is a global leader in engineered bearings and industrial motion products. The financial results and conference call materials will be available online at http://investors.timken.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
-
Rhea-AI Summary
The Timken Company (NYSE: TKR) has acquired Lagersmit, a Netherlands-based manufacturer of highly engineered sealing solutions for marine, dredging, and industrial applications. Lagersmit is expected to generate around $40 million in revenue in 2023, adding engineered sealing products to Timken's portfolio and strengthening its presence in the marine market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
Rhea-AI Summary
The Timken Company (TKR) has been recognized by Newsweek and Statista Inc. as one of America's Most Responsible Companies 2024 for the fourth consecutive year. Timken's commitment to corporate social responsibility (CSR) is reflected in its global initiatives and engineering expertise, aligning with its business strategy. The company's sustainable and responsible practices extend to its operations and solutions for customers' challenges. Timken is listed in the capital goods subcategory among the top 600 most responsible companies in the United States, selected based on key performance indicators (KPIs) and a survey of 17,000 U.S. residents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
none
-
Rhea-AI Summary
The Timken Company (TKR) will attend the Melius Research Conference on Dec. 7, 2023 in New York City. Philip D. Fracassa, EVP and CFO, and Neil Frohnapple, IR director, will represent Timken. Materials shared during the conference will be available online at www.timken.com/investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
Tags
conferences
-
Rhea-AI Summary
The Timken Company has declared a quarterly cash dividend of 33 cents per share. The dividend is payable on Nov. 29, 2023, to shareholders of record as of Nov. 14, 2023. This marks the company's 406th consecutive quarter of paying dividends and its tenth consecutive year of annual dividend growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
Tags
dividends
Rhea-AI Summary
The Timken Company has completed its acquisition of Engineered Solutions Group (iMECH), a manufacturer of bearings and components for the energy industry. iMECH employs around 70 people and projects revenue of $30 million for 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
Tags

FAQ

What is the current stock price of Timken (TKR)?

The current stock price of Timken (TKR) is $68.74 as of April 1, 2025.

What is the market cap of Timken (TKR)?

The market cap of Timken (TKR) is approximately 4.9B.

What are the primary business segments of Timken?

Timken operates mainly through its Engineered Bearings and Industrial Motion segments, which focus on high-performance bearing solutions and advanced power transmission components.

How does Timken generate its revenue?

Revenue is generated through the sales of engineered bearings, gear drives, and other motion products, distributed via a network of authorized dealers and direct sales to OEMs and end users.

What industries does Timken serve?

Timken’s products are critical in industries such as automotive, aerospace, rail, heavy trucks, mining, agriculture, defense, construction, and general industrial applications.

How does Timken differentiate itself from competitors?

Timken differentiates itself with its strong technical expertise, focus on engineered precision components like tapered roller bearings, and a collaborative, customer-centric service model.

What is the role of technical innovation at Timken?

Technical innovation is at the heart of Timken’s operations, driving the continuous improvement of product reliability and efficiency through advancements in metallurgy, tribology, and precision engineering.

How does Timken support its customers beyond product sales?

Timken offers powertrain rebuild and repair services, along with technical support and customized solutions tailored to enhance operational efficiency and extend machinery lifecycle.

What are some key industry-specific keywords associated with Timken?

Key terms include engineered bearings, industrial motion, mechanical power transmission, precision engineering, and powertrain services.

How extensive is Timken's global reach?

Timken operates in numerous countries worldwide, serving a broad spectrum of industries with a well-established network of manufacturing facilities and dealers.
Timken

NYSE:TKR

TKR Rankings

TKR Stock Data

4.85B
62.75M
10.59%
88.5%
2.9%
Tools & Accessories
Ball & Roller Bearings
Link
United States
NORTH CANTON