Tag: TIMKEN
Timken Issues 2023 Annual Report, Highlighting Record Results
The Timken Company has released its 2023 Annual Report, marking another year of revenue growth, expanded margins and record adjusted earnings per share.
"As the company...
Timken Reports Strong Fourth-Quarter Results to Close Out a Record 2023
Sales of $1.09 billion in the fourth quarter, up 1 percent from last year
Fourth-quarter earnings per share of $0.83; adjusted EPS of $1.37
Record full-year sales...
Timken Adds Engineered Sealing Solutions to Portfolio with Lagersmit Acquisition
The Timken Company, a global leader in engineered bearings and industrial motion products, has acquired Lagersmit, a Netherlands-based manufacturer of highly engineered sealing solutions for demanding...
Timken Reports Third-Quarter 2023 Results
Sales of $1.14 billion, up approximately 1 percent from last year
Third-quarter earnings per share of $1.23; adjusted EPS of $1.55
Strong cash from operations of $194...
Timken Completes Acquisition of Engineered Solutions Group (iMECH)
The Timken Company, a global leader in engineered bearings and industrial motion products, has completed its previously announced acquisition of Engineered Solutions Group (a.k.a....
Timken to Acquire Engineered Solutions Group (iMECH), Expanding Engineered Bearings Portfolio
The Timken Company, a global leader in engineered bearings and industrial motion products, has reached an agreement to acquire Engineered Solutions Group (a.k.a. Innovative...
Timken Expands Linear Motion Offerings with Rosa Sistemi Acquisition
The Timken Company, a global leader in engineered bearings and industrial motion products, has acquired Rosa Sistemi S.p.A., a European designer and manufacturer of...
Timken Acquires Des-Case, Adding Filtration Solutions to Industrial Motion Portfolio
The Timken Company, a global leader in engineered bearings and industrial motion products, has acquired Des-Case Corp., a Nashville, Tenn.-based manufacturer of specialty filtration products...
Timken Reports Strong Second-Quarter 2023 Results
Record sales of $1.27 billion, up 10 percent from last year
Second-quarter EPS of $1.73; adjusted EPS of $2.01
Net income margin of 9.8 percent; adjusted...
Turning Electric Flight into Reality
Aviation accounts for about 2.5% of global CO2 emissions, and aircraft engineers worldwide are working to turn flying into a cleaner, greener enterprise. Electric flight,...