Press Releases
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Jun 3, 2015
The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings, will present at the Stifel Industrials Investor Conference on June 16, 2015, at 3:00 p.m. Eastern Time in New York...
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May 20, 2015
The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings, will present at the Deutsche Bank Global Industrials and Basic Materials Investor Conference on June 3, 2015, at 10:00...
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May 7, 2015
The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings, today approved a 4 percent increase to the company's quarterly dividend, raising it to $0.26...
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Apr 30, 2015- Sales down 2 percent in the first quarter; up 3 percent excluding currency
The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings, today reported sales of $723 million for the first quarter of 2015, down 2 percent from a year ago. This reflects...
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Apr 28, 2015Bearing Designed to Run Cooler, Longer
The Timken Company (NYSE: TKR; www.timken.com) expects to prompt a spherical revolution with its recent introduction of medium bore high-performance Timken® spherical roller bearings, including...
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Apr 21, 2015Energy Market Customers to Benefit from Expanded Offering
The Timken Company (NYSE: TKR; www.timken.com) announces the opening of a new, 27,000-square-foot, state-of-the-art gear drive manufacturing facility in Houston. An integral part of the Timken...
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Apr 16, 2015
The Timken Company (NYSE: TKR; www.timken.com) will release its 2015 first-quarter financial results on Thursday, April 30, 2015, prior to the opening of the New York Stock Exchange. The company...
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Mar 30, 20152014 Annual Report Features a Stronger, More Focused Timken
The Timken Company (NYSE: TKR; www.timken.com) released its 2014 Annual Report to shareholders and announced its Annual Meeting will be held on May 7. The Annual Report – The World in Focus –...
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Mar 16, 2015Live Global Webcast Hosted at World Headquarters Recognizes Scholars and Their Parents
The Timken Company (NYSE: TKR; www.timken.com) today awarded scholarships to 17 sons and daughters of Timken associates in 11 locations around the world. The Timken Company Charitable and...
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Mar 9, 2015
The Timken Company (NYSE: TKR; www.timken.com) has been recognized for the fifth time by the Ethisphere® Institute as being among the world's most ethical companies. Timken is among more than 130...
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Mar 4, 2015Timken to Present at Bank of America Merrill Lynch Global Industrials & EU Autos Investor Conference
The Timken Company (NYSE: TKR; www.timken.com) will present at the Bank of America Merrill Lynch Global Industrials & EU Autos Investor Conference on March 17, 2015, at 1:05 p.m. in London (9:05...
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Feb 19, 2015
The Timken Company (NYSE: TKR; www.timken.com) will present at the 2015 Evercore ISI Industrial Investor Conference on March 3, 2015, at 11:10 a.m. ET in New York City. Presenting on behalf of...
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Feb 13, 2015
The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 25 cents per share. The dividend is payable on March 6, 2015, to shareholders of...
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Jan 29, 2015Note: Subsequent to the issuance of this earnings release, the Company recorded a correction of an error for the three and twelve months ended December 31, 2014 of $4.6 million, or $0.05 per diluted share, related to the provision for income taxes. Reference the annual report on Form 10-K for the most up-to-date financials.
The Timken Company (NYSE: TKR; www.timken.com) today reported fourth-quarter sales of $762.2 million, up approximately 2 percent over the prior-year quarter. The revenue increase was driven by...
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Jan 22, 2015
The Timken Company (NYSE: TKR; www.timken.com) today announced that it has entered into an agreement to purchase a group annuity from The Prudential Insurance Company of America (NYSE: PRU) to pay...
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Jan 15, 2015
The Timken Company (NYSE: TKR; www.timken.com) will release its 2014 fourth-quarter and full-year financial results on Thursday, Jan. 29, 2015, prior to the opening of the New York Stock Exchange....
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Dec 10, 2014
The Timken Company (NYSE: TKR; www.timken.com) today announced that its World Headquarters building has earned LEED® Gold certification from the U.S. Green Building Council®. LEED (Leadership in...
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Nov 18, 2014U.K.-based business expands Timken roller bearing housed unit offering
The Timken Company (NYSE: TKR; www.timken.com) today announced it has reached agreement with ERIKS NV to acquire the assets of Revolvo Ltd., a specialty bearing company based in Dudley, U.K....
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Nov 14, 2014
The Timken Company's (NYSE: TKR; www.timken.com) board of directors has elected Maria A. Crowe a director of the company for a term that expires at its May 2015 annual meeting. The election brings...
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Nov 14, 2014
The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 25 cents per share. The dividend is payable on Dec. 5, 2014, to shareholders of record...
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Oct 30, 2014
The Timken Company (NYSE: TKR) will present at the 2014 Goldman Sachs Industrials Investor Conference on Nov. 12, 2014, at 4:10 p.m. ET in Boston, Mass. Presenting on behalf of Timken will be...
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Oct 28, 2014Note: Subsequent to the issuance of this earnings release, the Company recorded additional non-cash goodwill and intangible impairment charges for the three months ended September 30, 2014 of $8.4 million ($7.1 million after tax), or $0.08 per share, related to its Aerospace segment. Reference the third quarter 10-Q for the most up-to-date financials.
Third-quarter sales increase 8 percent compared with prior-year Non-cash charges in Aerospace result in loss in the quarter of $0.04 per share from continuing operations Adjusted earnings of $0.77...
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Oct 14, 2014
The Timken Company (NYSE: TKR; www.timken.com) will release its 2014 third-quarter financial results on Tuesday, Oct. 28, 2014, prior to the opening of the New York Stock Exchange. The company...
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Sep 8, 2014
The Timken Company today announced that it is taking multiple actions to improve the performance of its Aerospace business. The company plans to: Eliminate its aerospace segment leadership...
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Sep 3, 2014
The Timken Company (NYSE: TKR) will present at the 2014 Morgan Stanley Laguna Investor Conference on Monday, Sept. 15, 2014, from 3:55 p.m. to 4:25 p.m. PDT (6:55 p.m. to 7:25 p.m. EDT) in Laguna...
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Aug 13, 2014- Private Offering Includes $350 Million in Aggregate Principal of 3.875 Percent, Due 2024
The Timken Company (NYSE: TKR) today announced pricing of $350 million aggregate principal amount of 3.875 percent senior notes due 2024 (the "Notes"). The Notes will be issued at 98.901 percent...
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Aug 13, 2014
The Timken Company (NYSE: TKR) today announced it is planning an offering of $300 million in aggregate principal amount of senior notes due 2024 (the "Notes"). A portion of the net proceeds from...
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Aug 5, 2014
The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 25 cents per share. The dividend is payable on Sept. 3, 2014, to shareholders of...
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Aug 5, 2014
The Timken Company's (NYSE: TKR; www.timken.com) board of directors has elected Ajita G. Rajendra a director of the company for a term that expires at its May 2015 annual meeting. The election...
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Aug 1, 2014
The Timken Company (NYSE: TKR) will present at the 2014 Jefferies Global Industrials Investor Conference on August 13, 2014, at 9:00 a.m. EDT in New York City. Presenting on behalf of Timken will...
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Jul 31, 2014- Earns $0.61 per diluted share from continuing operations, or $0.65 on an adjusted basis, following TimkenSteel spinoff on June 30
The Timken Company (NYSE: TKR; www.timken.com) today reported sales of $789 million for the second quarter of 2014. Sales exclude revenue attributable to the steel business, which was spun off as...
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Jul 17, 2014
The Timken Company (NYSE: TKR; www.timken.com) will release its 2014 second-quarter financial results on Thursday, July 31, 2014, prior to the opening of the New York Stock Exchange. The company...
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Jul 9, 2014
The Timken Company (NYSE: TKR; www.timken.com) is investing $22 million in new customer and sales management tools, designed to improve the customer experience through increased sales force...
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Jun 30, 2014
The Timken Company (NYSE: TKR; www.timken.com) announced that it has completed its spinoff of TimkenSteel Corporation, which begins trading as an independent public company tomorrow on the New...
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Jun 19, 2014
Presentations highlight TimkenSteel's niche focus on special bar quality (SBQ) steel, seamless mechanical tubing and value-added supply chain services Planned spinoff from The Timken Company...
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Jun 19, 2014
Raises full-year EPS estimate $0.15/share Announces intent to hold $0.25 quarterly dividend post-spin of TimkenSteel Board authorizes additional 10M share buyback Sets new long-term targets for...
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Jun 13, 2014Timken Shareholders to Receive TimkenSteel Shares as a Pro-rata Dividend
The Timken Company's (NYSE: TKR; the "company" or "Timken") Board of Directors today announced record and distribution dates for the spinoff of its steel business, which will be effected through...
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Jun 11, 2014-- New focused strategic product groups expected to accelerate pace to market, capture strategic opportunities
The Timken Company (NYSE: TKR; www.timken.com) today announced that it has fundamentally redesigned its engineering, product management and business systems teams, bringing together talent and...
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Jun 5, 2014
The Timken Company (NYSE: TKR; www.timken.com) and its subsidiary TimkenSteel Corporation (timkensteel.com) will each host webcast investor conferences on Thursday, June 19, 2014, in New York...
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May 13, 2014Timken directors declare quarterly dividend of 25 cents per share
The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 25 cents per share. The dividend is payable on June 3, 2014, to shareholders of record...
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May 13, 2014- Board names Richard G. Kyle president and chief executive officer
The Timken Company (NYSE: TKR; www.timken.com) announced today that the Board of Directors has named Richard G. Kyle as president and chief executive officer of the company, effective immediately....
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May 12, 2014
The Timken Company (NYSE: TKR; www.timken.com) today announced it will increase base prices on all special bar quality (SBQ) products by $30 per ton. These price increases are effective with...
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Apr 29, 2014
The Timken Company (NYSE: TKR; www.timken.com) today awarded scholarships to 38 children of Timken employees at 26 locations in eight countries around the world. The Timken Company Charitable and...
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Apr 28, 2014Newest Addition Provides Repair Services for Commercial Nuclear and Hydroelectric Power Generation Customers
The Timken Company (NYSE: TKR; www.timken.com) today announced the further expansion of its industrial services capabilities with the acquisition of assets from the Schulz Group, based in New...
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Apr 24, 2014-- Earns $0.90 per diluted share (EPS), or $0.88 on an adjusted basis
The Timken Company (NYSE: TKR; www.timken.com) today reported first-quarter 2014 sales of $1.1 billion, up 1 percent from the prior-year quarter. Stronger demand in the company's Steel and Process...
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Apr 10, 2014
The Timken Company (NYSE: TKR; www.timken.com) will release its 2014 first-quarter financial results on Thursday, April 24, 2014, prior to the opening of the New York Stock Exchange. The company...
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Mar 24, 2014
The Timken Company (NYSE: TKR; www.timken.com) has entered into an agreement with United Wagon Company (UWC), a leader in building, leasing,...
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Mar 20, 2014
The Timken Company (NYSE: TKR; www.timken.com) has been named one of Ethisphere® Institute's World's Most Ethical Companies™ for the fourth time....
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Mar 18, 2014
The Timken Company (NYSE: TKR; www.timken.com) has established a joint venture (JV) with European Bearing Corporation (EPK) aimed at serving...
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Mar 4, 2014Timken to Present at Bank of America Merrill Lynch Global Industrials & EU Autos Investor Conference
The Timken Company (NYSE: TKR; www.timken.com) will present at the Bank of America Merrill Lynch Global Industrials & EU Autos Investor Conference on...