The Timken Company

Architectural & Civil Engineering Products

Timken Announces Higher Performance Ratings for Its Tapered Roller Bearing Product Line

Longer predicted life for bearings in many vehicles and industrial applications Increased power density allows smaller, more efficient solutions Advanced technology in design and manufacturing processes CANTON, Ohio, -- The Timken Company (NYSE: TKR) today announced an average increase of 10 percent in calculated load ratings for TimkenÂ-® tapered roller bearings used in a wide variety of...

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Architectural & Civil Engineering Products

Radio-Telescope Antennae Will be Carried High into Andes on Timken Bearings

Wheel-Sets of Scheuerle Heavy-Load Modular Transporters Employ Timken Solution CANTON, Ohio-Nov. 26, 2007-The Timken Company (NYSE:TKR) announced today that its highly engineered tapered roller bearings will play a key role in transporting 126-ton high-precision antennae into the Chilean Andes, where a radio telescope array will enable scientists to observe some of the oldest galaxies. The...

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Timken Bearings in Key Systems at New Steel Mill in Mississippi

Customized Assemblies for SMS Demag Equipment Installed at SeverCorr Plant CANTON, Ohio -- Nov. 20, 2007 -- The Timken Company (NYSE:TKR) announced today that its bearing assemblies were used as components in the major production systems supplied by SMS Demag AG for the new SeverCorr steel plant near Columbus, Miss. SeverCorr, a joint venture between Russian and U.S. steelmakers, ranks among the...

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Timken Receives AISIN AW Technical Award for Work on Toyota Tundra Transmission

Engineers Design Special Bearing for 6-Speed Automatic Transmission CANTON, Ohio -- Oct. 9, 2007 -- The Timken Company (NYSE:TKR) has received the 2006 Technical Award from AISIN AW Co. Ltd. for support in developing the six-speed B-800 transmission. The rear-wheel drive B-800 is installed in the 2007 Toyota Tundra pickup made in the United States and Land Cruisers produced in Japan. As part of...

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Architectural & Civil Engineering Products

Timken Supplies Bearings to New Aluminum Mills in China

Thermal Research Conducted for Siemens VAI Credited for New Contracts CANTON, Ohio, Dec 20, 2007 -- The Timken Company (NYSE: TKR) applied its advanced research to secure additional contracts with Siemens VAI Metals Technologies for the supply of bearings to two new aluminum-rolling mills under construction in China. The two new contracts resulted in orders for Timken large-bore cylindrical...

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Architectural & Civil Engineering Products

Custom-Engineered Timken-® Bearing Helps Drive Oil Drills Deeper

Product Supplied to Lufkin Performs under Extreme Pressure CANTON, Ohio --Nov. 28, 2007--The Timken Company (NYSE:TKR) announced today that its custom-engineered thrust bearing has equipped a subsidiary of Lufkin Industries Inc. to outfit deep-sea oil drilling rigs in search of deeper deposits beneath the world's oceans. Composed of a special grade of TimkenÂ-® steel, the bearing was designed...

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Electrical Equipment & Systems

Timken Supplies Integrated System for New PROTOS-® Regional Train

COLMAR, France, Aug. 30 // -- The Timken Company (NYSE:TKR) is supplying a journal bearing assembly and housing for the new PROTOS train in Germany. Designed to reduce friction in the train's wheels, the customized unit consists of tapered roller bearings mounted in a radial arm housing. The pre- assembled, pre-lubricated and sealed bearings are fitted to the train axle and positioned in the...

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Mergers & Acquisitions

Timken Adds Engineered Sealing Solutions to Portfolio with Lagersmit Acquisition

North Canton, Ohio, Dec. 21, 2023/PRNewswire/ - The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has acquired Lagersmit, a Netherlands-based manufacturer of highly engineered sealing solutions for demanding marine, dredging, water, tidal energy and other industrial applications. Lagersmit adds engineered sealing products to...

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Company News

Timken Recognized by Newsweek as One of America's Most Responsible Companies for Fourth Year in A Row

North Canton, Ohio, Dec. 6, 2023/PRNewswire/ - The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has been recognized by Newsweek and Statista Inc. as one of America's Most Responsible Companies 2024. Timken has made the prestigious list for four straight years, reflecting the company's continued commitment to corporate...

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Company News

Timken to Participate in The Melius Research Conference

North Canton, Ohio, Nov. 21, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, will attend the Melius Research Conference on Dec. 7, 2023, in New York City. Participating on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer and Neil Frohnapple, director...

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Company News

Timken Declares Quarterly Dividend of 33 Cents Per Share

North Canton, Ohio, Nov. 3, 2023/PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, today 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. Timken has paid a dividend on its common...

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Company News

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 million; free cash flow of $151 million Updates 2023 outlook; now expects 2023 EPS of $5.60-$5.70, with adjusted EPS of $6.85-$6.95 North Canton, Ohio, Nov. 1, 2023 /PRNewswire/ -- The Timken Company (NYSE:...

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Company News

Timken Completes Acquisition of Engineered Solutions Group (iMECH)

North Canton, Ohio, Nov. 1, 2023/PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has completed its previously announced acquisition of Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH). iMECH manufactures thrust bearings, radial bearings, specialty coatings, and other components...

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Company News

Timken Announces Divestiture of TWB Bearings Business in China

North Canton, Ohio, Oct. 26, 2023/PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, today completed the sale of Jiangsu TWB Bearings Co., Ltd. (TWB) to Zhejiang Tianma Bearing Group Co., Ltd. In 2022, TWB posted revenue of approximately $40 million. Other terms of the deal were not disclosed. Based in Jiangsu...

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Mergers & Acquisitions

Timken to Acquire Engineered Solutions Group (iMECH), Expanding Engineered Bearings Portfolio

North Canton, Ohio, Oct. 16, 2023/PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has reached an agreement to acquire Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH), based in Houston, Texas. iMECH manufactures thrust bearings, radial bearings, specialty coatings and other...

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Company News

Timken to Announce Third-Quarter 2023 Financial Results on Nov. 1

North Canton, Ohio, Oct. 13, 2023/PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, will release its third-quarter 2023 financial results on Wednesday, Nov. 1, 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...

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Mergers & Acquisitions

Timken Expands Linear Motion Offerings with Rosa Sistemi Acquisition

North Canton, Ohio, Oct. 2, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has acquired Rosa Sistemi S.p.A., a European designer and manufacturer of roller guideways, linear bearings, customized linear systems and actuators, commercialized ball guideways and precision ball screws. The company serves...

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