NORTH CANTON, Ohio, April 11, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will release its 2025 first-quarter financial results on Wednesday, April 30, prior to the opening of the New York Stock Exchange. The company will host a conference call that day to discuss its financial performance with investors and securities analysts. The financial results and conference call materials will be available online at http://investors.timken.com.

Tarak B. Mehta departing as CEO and director, effective immediatelyRichard G. Kyle appointed interim president and CEOComprehensive CEO search process underway

NORTH CANTON, Ohio, March 31, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) Board of Directors today announced that, effective immediately, Tarak B. Mehta is departing as CEO and director based on mutual agreement due to personal reasons.

Honor highlights commitment to ethical business practices, compliance and effective governance

NORTH CANTON, Ohio, March 11, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, has been named a 2025 World's Most Ethical Companies® honoree by Ethisphere, a leader in defining and advancing the standards of ethical business practices.

NORTH CANTON, Ohio, March 10, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will participate in the BofA Global Research Global Industrials Conference in London on Tuesday, March 18, 2025. Participating on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer, and Andreas Roellgen, executive vice president and president of Engineered Bearings. Materials shared during the conference will be available online at http://investors.timken.com.

NORTH CANTON, Ohio, Feb. 28, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) is helping fund the futures of 20 students in pursuit of careers ranging from astrophysics to nursing. In an awards ceremony today, the company presented college scholarships to the children of Timken employees in the United States, India and France. Since the Timken Global Scholars Program's inception in 1958, The Timken Company Charitable and Educational Fund has awarded more than $27 million in scholarships to 855 students.

NORTH CANTON, Ohio, Feb. 18, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will participate in three upcoming investor conferences. Philip D. Fracassa, executive vice president and chief financial officer and Neil Frohnapple, vice president of investor relations, will participate in the Evercore ISI Industrial Conference on Tuesday, March 4, 2025, the D.A. Davidson Best-of-Breed Bison Virtual Conference on Friday, March 7, 2025, and the Loop Capital Equity Research Conference on Tuesday, March 11, 2025. Materials shared with investors during the conferences will be available online at investors.timken.com.   

NORTH CANTON, Ohio, Feb. 14, 2025 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today declared a quarterly cash dividend of 34 cents per share. The dividend is payable on March 7, 2025, to shareholders of record as of Feb. 25, 2025.

Timken has paid a dividend on its common shares every quarter since its original listing on the New York Stock Exchange (NYSE) in 1922. The upcoming dividend represents 411 consecutive quarters, one of the longest-running dividend streaks among NYSE-listed companies.

NORTH CANTON, Ohio, Feb. 5, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today announced that Christopher A. Coughlin, executive vice president and president, Industrial Motion, will retire at the end of the year after 41 years with the company.

"Chris has been an invaluable part of Timken's leadership team, demonstrating exemplary stewardship and a deep commitment to the company's mission for more than four decades," said John M. Timken Jr., chairman of the Timken Board of Directors. "On behalf of the board, I thank Chris for his strong leadership and wish him well in retirement."

(USD in millions)

4Q-24

4Q-23

% Change

 FY-2024

FY-2023

% Change

Net Sales

$1,073.6

$1,091.2

(1.6 %)

$4,573.0

$4,769.0

(4.1 %)

Net Income Margin

6.6 %

5.4 %

120 bps

7.7 %

8.3 %

(60 bps)

Adjusted EBITDA Margin

16.6 %

17.9 %

(130 bps)

18.5 %

19.7 %

(120 bps)

Diluted EPS

$1.01

$0.83

21.7 %

$4.99

$5.47

(8.8 %)

Adjusted EPS

$1.16

$1.37

(15.3 %)

$5.79

$7.05

(17.9 %)

NORTH CANTON, Ohio, Jan. 21, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Kimberly K. (Kim) Ryan to its Board of Directors. Her election increases The Timken Company Board to 13 members.

Ryan has served as director, president and CEO of Hillenbrand, Inc. (NYSE: HI; www.hillenbrand.com), a global industrial company that provides solutions for durable plastics, food and recycling and a variety of other applications, since 2021. From 2015 to 2021, she was president of the company's largest business, Coperion, a worldwide leader in compounding systems. Ryan started her career with Batesville, a former subsidiary of Hillenbrand, in 1989. She held roles of increasing responsibility within Batesville and Hill-Rom, a medical technology provider, in finance, strategy, operations, logistics, information technology and commercial division leadership prior to her current role.