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...
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Feb 25, 2014
The Timken Company (NYSE: TKR; www.timken.com) will present at the ISI Annual Industrial Investor Conference on March 11, 2014, at 11:10 a.m. Eastern...
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Feb 20, 2014
The Timken Company (NYSE: TKR; www.timken.com) today announced it will increase base prices on special bar quality (SBQ) products 6.5" and below by $30...
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Feb 14, 2014
The Timken Company (NYSE: TKR; www.timken.com) board of directors today announced the appointment of Philip D. Fracassa as chief financial officer of...
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Feb 14, 2014
The Timken Company's (NYSE: TKR; www.timken.com) board of directors has elected Christopher L. Mapes a director of the company. Additionally, the...
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Feb 14, 2014Timken directors declare quarterly cash payout 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, an increase of 9...
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Feb 11, 2014
The Timken Company (NYSE: TKR; www.timken.com) announced today that TimkenSteel Corporation, its newly formed subsidiary which will hold the...
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Jan 30, 2014-- Posted fourth-quarter earnings per diluted share (EPS) of $0.55, or $0.78 excluding unusual items
The Timken Company (NYSE: TKR; www.timken.com) today reported sales of $4.3 billion for 2013, a decrease of 13 percent from the prior year....
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Jan 16, 2014
The Timken Company (NYSE: TKR; www.timken.com) will release its 2013 fourth-quarter and full-year financial results on Thursday, Jan. 30, 2014, prior...
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Dec 5, 2013
The Timken Company (NYSE: TKR; www.timken.com) announces the opening of its new industrial service center in Raipur, in the state of Chhattisgarh,...
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Nov 19, 2013
The Timken Company (NYSE: TKR; www.timken.com) announced the election of Richard G. Kyle, age 48, as a director of the company, for a term that expires...
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Nov 15, 2013Timken directors declare quarterly cash payout of 23 cents per share
The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 23 cents per share. The dividend is...
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Nov 14, 2013New line of Timken® SNT plummer blocks launched to meet global demand
CANTON, Ohio: Nov. 14, 2013 — The Timken Company (NYSE: TKR; www.timken.com) today introduced its new line of Timken® SNT plummer block housed units. This product addresses global demand...
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Oct 24, 2013-- Earns $0.54 per diluted share on lower sales for the quarter
The Timken Company (NYSE: TKR) today reported third-quarter 2013 sales of $1.1 billion. Sales decreased 7 percent when compared with the...
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Oct 10, 2013
The Timken Company (NYSE: TKR; www.timken.com) will release its 2013 third-quarter financial results on Thursday, Oct. 24, 2013, prior to the...
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Sep 9, 2013
The Timken Company (NYSE: TKR; www.timken.com) today announced that Glenn A. Eisenberg, executive vice president of finance and administration and...
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Sep 5, 2013-- Plan to create two strong stand-alone companies via tax-free spinoff of Timken steel business; expected completion within 12 months.
The Timken Company (NYSE: TKR; www.timken.com) today announced that its board of directors has approved a plan to pursue a separation of the company's...
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Aug 6, 2013Timken directors declare quarterly cash payout of 23 cents per share
The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 23 cents per share. The dividend is...
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Jul 25, 2013-- Earns $0.86 per diluted share; continues to generate strong operating margins across all segments
The Timken Company (NYSE: TKR; www.timken.com) today reported sales of $1.1 billion for the second quarter of 2013, a decrease of...
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Jul 11, 2013
The Timken Company (NYSE: TKR; www.timken.com) will release its 2013 second-quarter financial results on Thursday, July 25, 2013, prior to...
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Jun 10, 2013Committee Retains Goldman Sachs to Assist With Evaluation, Including Corporate Governance and Capital Allocation
The Timken Company (NYSE: TKR; www.timken.com) today announced that its Board of Directors has formed a Strategy Committee to evaluate a potential...
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May 13, 2013
The Timken Company (NYSE: TKR; www.timken.com) today announced the continued expansion of its industrial services capabilities with the acquisition of...
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May 7, 2013Timken directors declare quarterly cash payout of 23 cents per share
The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 23 cents per share. The dividend is payable...
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May 7, 2013Shareholders Support Proposal to Spin Off Steel Business; Re-elect Members of the Board of Directors
The Timken Company (NYSE: TKR; www.timken.com) held its 109th annual meeting of shareholders today in Canton, Ohio. At the meeting, shareholders...
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Apr 25, 2013Urges Shareholders to Vote Before May 7 Annual Meeting AGAINST the Misguided Proposal to Spin-Off the Steel Business
The Timken Company (NYSE: TKR; www.timken.com) continues to urge Timken shareholders to support the Company's proven strategy of creating shareholder...
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Apr 24, 2013-- Earns $0.77 per diluted share ($0.80 per diluted share excluding plant closure costs)
The Timken Company (NYSE: TKR; www.timken.com) today reported sales of $1.1 billion for the first quarter of 2013, a decrease of...
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Apr 19, 2013
The Timken Company (NYSE: TKR; www.timken.com) today awarded scholarships to 38 children of Timken employees at 24 locations in six countries around...
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Apr 15, 2013
Recommends Shareholders Vote AGAINST the Proposal to Spin-Off the Steel Business Highlights Importance of the Company's Proven, Integrated Strategy...
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Apr 12, 2013Based in Princeton, W.Va., newest addition provides motor services in 7 states
The Timken Company (NYSE: TKR; www.timken.com) continues to expand its industrial services capabilities, announcing today that the company has...
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Apr 10, 2013
The Timken Company (NYSE: TKR; www.timken.com) announced today the completion of three previously announced capital investment projects totaling $85...
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Apr 10, 2013
The Timken Company (NYSE: TKR; www.timken.com) will release its 2013 first-quarter financial results on Wednesday, April 24, 2013, prior to...
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Apr 2, 2013Recommends Shareholders Reject Proposal To Spin-Off the Steel Business
The Timken Company (NYSE: TKR; www.timken.com) today announced that it sent a letter urging shareholders to support the company's proven strategy of...
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Apr 1, 2013Files Investor Presentation Highlighting Proposal's Flaws and Articulating How the Timken Plan is the Best Path to Drive Shareholder Value
The Timken Company (NYSE: TKR; www.timken.com) today announced that it filed an updated investor presentation with the Securities and Exchange...
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Mar 13, 2013Plymouth, U.K.-based business provides automated lubrication delivery systems and services
The Timken Company (NYSE: TKR; www.timken.com) today announced its acquisition of Interlube Systems Ltd., which makes and markets automated...
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Mar 6, 2013
The Timken Company (NYSE: TKR; www.timken.com) has earned a position on Ethisphere Institute's World's Most Ethical Companies list for the third time...
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Feb 8, 2013Timken directors declare quarterly cash payout of 23 cents per share
The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 23 cents per share. The dividend is...
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Jan 24, 2013-- Fourth quarter earnings per share were $0.78 on sales of $1.1 billion;
The Timken Company (NYSE: TKR; www.timken.com) today reported sales of $5.0 billion for 2012, a decrease of 4 percent from the prior year....
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Jan 10, 2013
The Timken Company (NYSE: TKR; www.timken.com) will release its 2012 fourth-quarter and full-year financial results on Thursday, Jan. 24,...
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Jan 2, 2013Denver-based business provides electrical and mechanical solutions
The Timken Company (NYSE: TKR; www.timken.com) today announced its acquisition of the assets of Wazee Companies, LLC, a regional leader providing...
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Nov 28, 2012
The Timken Company (NYSE: TKR; www.timken.com) commented on the Schedule 13D filed today by California State Teachers' Retirement System...
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Nov 16, 2012Timken directors declare quarterly cash payout of 23 cents per share
The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 23 cents per share. The...
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Nov 9, 2012
The Timken Company (NYSE: TKR; www.timken.com) has received notification of an unsolicited mini-tender offer by TRC Capital Corporation (TRC Capital) to...
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Oct 25, 2012
The Timken Company (NYSE: TKR) today reported sales of $1.1 billion in the third quarter of 2012, a decrease of 14 percent from the same period a...
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Oct 11, 2012
The Timken Company (NYSE: TKR) will release its 2012 third-quarter financial results on Thursday, Oct. 25, 2012, prior to the opening of the...
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Aug 28, 2012
Executives from The Timken Company (NYSE: TKR) will present at the Bank of America Merrill Lynch Industrials & Materials Investor Conference on Sept. 6,...
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Aug 28, 2012Leong Fang Announces Retirement After 28-Year Career
The Timken Company (NYSE: TKR) announced the appointment of Peter M. Sproson to the position of president for the company's China business, succeeding...
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Aug 28, 2012
The Timken Company (NYSE: TKR) has appointed Philip D. Fracassa to senior vice president of planning and development. In this position, Fracassa...
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Aug 28, 2012
The Timken Company (NYSE: TKR) announced the appointment of Ajay Das to the position of vice president – quality advancement. In his new role, Das...
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Aug 28, 2012
The Timken Company (NYSE: TKR) today announced the appointment of four new leaders within its Bearings and Power Transmission group, reporting to...
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Aug 28, 2012
The Timken Company (NYSE: TKR) today announced the appointment of Andreas Roellgen to the position of vice president of process industries and managing...
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Aug 7, 2012Timken directors declare quarterly cash payout of 23 cents per share
The Timken Company (NYSE: TKR) board of directors today declared a quarterly cash dividend of 23 cents per share. The dividend is payable on...