The Timken Company
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Range $130 – $160
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About the company
The Timken Company operates globally, specializing in the design, manufacturing, and management of advanced bearings and power transmission solutions. Its business activities are organized into two main divisions: Mobile Industries and Process Industries. The Mobile Industries division delivers a wide array of products, encompassing various bearings, seals, and lubrication systems, in addition to power transmission parts like engineered chains, augers, belts, couplings, clutches, and brakes.
- CEO
- Lucian Boldea
- IPO
- 1922
- Employees
- 19,000
- HQ
- North Canton, OH, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $8.45B
- P/E
- 32.76
- Fwd P/E
- 19.39
- PEG
- -1.99
- P/S
- 1.77
- P/B
- 2.64
- EV/EBITDA
- 15.62
- Div Yield
- 1.17%
- Gross Margin
- 28.67%
- Op Margin
- 11.19%
- Net Margin
- 5.43%
- ROE
- 8.13%
- ROIC
- 6.64%
Latest fiscal year · YoY change
- Revenue
- $4.58B+0.2%
- Gross Profit
- $1.31B-9.1%
- Op Income
- $565.90M
- Net Income
- $288.40M-18.2%
- EPS
- $4.13-17.7%
- OCF Growth
- +16.5%
- FCF Growth
- +32.8%
- 52W High
- $146.37
- 52W Low
- $70.57
- 50D MA
- $124.38
- 200D MA
- $114.79
- Beta
- 1.21
- RSI (14)
- 53
- Avg Volume
- 922.51K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Timken delivered a strong Q2 with revenue, margins, and EPS all up, and raised full-year guidance again on continued demand and execution.· August 6, 2026
- Q2 revenue was $1.26 billion, up 7.5% year over year, with organic sales up 4.4%.
- Adjusted EPS was $1.83, nearly 30% higher year over year, and adjusted EBITDA margin expanded to 19.6%.
- Industrial Motion was a standout, with sales up 14.6% to an all-time quarterly record and EBITDA margin up to 23.3%.
- Management raised full-year 2026 guidance: total sales up 5% to 6%, adjusted EPS of $6.05 to $6.35, and free cash flow of $375 million to $400 million.
- The company highlighted portfolio actions, including the belts divestiture in Q3 and the automotive OE exit, plus continued investment in aerospace, defense, automation and robotics.
Second-quarter revenue was $1.26 billion, up 7.5% from last year; organic sales rose 4.4%. Adjusted EPS was $1.83, up nearly 30% year over year, and adjusted EBITDA margin was 19.6% versus 17.7% last year. Adjusted EBITDA was $247 million. Engineered Bearings sales were $807 million, up nearly 4%, with adjusted EBITDA margin of 20.0%; Industrial Motion sales were $454 million, up 14.6%, with adjusted EBITDA margin of 23.3%. Operating cash flow was $107 million and free cash flow was more than $80 million. For 2026, management raised total sales guidance to up 5% to 6%, organic revenue to up 3.5% at the midpoint, adjusted EPS to $6.05 to $6.35, EBITDA margin to the low 18% range at the midpoint, and free cash flow to $375 million to $400 million. The outlook still includes the belts business, and management said the midpoint implies incremental margin of more than 30% for the full year.
Lucian Boldea said the quarter reflected strong execution and progress on the company’s “Elevate to Outperform” strategy, with all three pillars moving forward: portfolio optimization, focused investment in strategic verticals, and better use of the multinational footprint. He pointed to high single-digit organic growth in strategic verticals, mid-teens growth in automation and robotics, and strong performance in aerospace and defense and linear motion. His tone was confident but measured, emphasizing urgency, discipline, and caution around geopolitical uncertainty and seasonality.
Mike Discenza emphasized the quarter’s operating leverage and margin performance, noting $247 million of adjusted EBITDA, 19.6% margin, and incremental margins above 40% organically even before the tariff refund benefit. He said pricing added $14 million in the quarter, tariffs were a $6 million net favorable impact versus last year, Bijur Delimon contributed $4 million of adjusted EBITDA at a high-teens margin, and operating cash flow was $107 million with free cash flow above $80 million. On capital allocation, management returned $45 million to shareholders in the quarter and ended with net debt to adjusted EBITDA at 2x, in the middle of the targeted range.
Analysts focused on the apparent moderation in second-half organic growth, asking whether management was seeing weaker orders, more 80/20 rationalization, or just conservatism. Management said it does not see a slowdown, described the order book as robust and mostly stable sequentially, and cited geopolitical uncertainty and normal seasonality as reasons for a more cautious back-half guide. Questions also centered on aerospace and defense investment, and management said it is adding capacity and headcount to catch up with backlog and rising demand, with the $0.10 second-half EPS headwind largely tied to those strategic investments. Other questions covered pricing, tariff refunds, and the new CCO/COO roles; management said tariff refunds were roughly 50/50 between segments in the quarter and that the organizational changes are meant to strengthen One Timken execution and accountability.
The bull case from this call is that demand appears steady across key end markets, with aerospace and defense, automation, infrastructure, and linear motion all contributing. Management sounded increasingly confident in the company’s ability to expand margins through portfolio actions, mix improvement, 80/20, and growth in higher-margin strategic verticals, while also raising full-year guidance again. The balance sheet, cash generation, and continued capital returns add support to the story.
The main risks discussed were geopolitical uncertainty, especially in the Middle East, slower second-half growth versus the first half, and some cost pressure from logistics, labor inflation, and strategic investments. Management also flagged that the back half could see lower belt sales as the divestiture ramps, and that aerospace capacity additions require 6 to 9 months of training before yielding full benefit. The company acknowledged that some market demand is improving only gradually rather than snapping back, and that the channel remains cautious.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 95.9%
- Shares Outstanding
- 69.49M
- Float Shares
- 66.67M
of shares held by institutions
622 13F filers
Buy/sell ratio 1.67. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for TKR, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Lisa C. McClainHouse · MI09 | Sell | Jun 17, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Buy | Jun 11, 25 | Filing → |
| Michael T. McCaulHouse · TX10 | Sell | Aug 26, 24 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Nov 1, 23 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Nov 1, 23 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Nov 17, 23 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Nov 17, 23 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Sep 29, 23 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Sep 29, 23 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 6.49M | ▼ 62.78K |
| Blackrock, Inc. | 5.99M | ▲ 188.72K |
| Vanguard Portfolio Management LLC | 3.33M | ▲ 49.74K |
| Dimensional Fund Advisors LP | 3.08M | ▲ 191.72K |
| Vanguard Capital Management LLC | 2.83M | ▲ 8.37K |
| State Street Corp | 2.03M | ▲ 63.45K |
| Fmr LLC | 1.99M | ▲ 66.91K |
| Geode Capital Management, LLC | 1.82M | ▲ 620.40K |
| Brown Advisory Inc | 1.70M | ▼ 9.48K |
| Jpmorgan Chase & Co | 1.52M | ▲ 1.30M |
| Victory Capital Management Inc | 1.35M | ▼ 481.44K |
| Earnest Partners LLC | 1.14M | ▼ 33.36K |
Held by 478 ETFs
Biggest fund positions in TKR by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Sep 1, 26 | BOLDEA LUCIAN | other | 30,286 |
| Sep 1, 26 | BOLDEA LUCIAN | other | 7,918 |
| Sep 1, 26 | BOLDEA LUCIAN | other | 3,333 |
| Sep 1, 26 | BOLDEA LUCIAN | other | 12,750 |
| Sep 1, 26 | Ribaudo Stephen Philip | other | 8,925 |
| Sep 1, 26 | Ribaudo Stephen Philip | other | 8,275 |
| Sep 1, 26 | Ribaudo Stephen Philip | other | 5,950 |
| Sep 1, 26 | Ribaudo Stephen Philip | other | 0 |
| Aug 10, 26 | Kyle Richard G | sell | 13,637 |
| Jun 5, 26 | Rajendra Ajita G | sell | 8,450 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our TKR coverage
Recent articles, reports, and earnings notes.
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Generate TKR report →Head to Head Review: Hurco Companies (NASDAQ:HURC) vs. Timken (NYSE:TKR)
defenseworld.net · Oct 5
Timken to Boost Industrial Motion Margins With Belts Business Sale
zacks.com · Sep 29
Timken Releases 2025 CSR Report, Illustrating Commitment to Responsible, Sustainable Impact
prnewswire.com · Sep 29
Timken Completes Sale of Belts Business to Gates
prnewswire.com · Sep 28
Gates Completes Acquisition of the Belts Business from The Timken Company
prnewswire.com · Sep 28
Here's Why Timken (TKR) is a Strong Value Stock
zacks.com · Sep 25
Nykredit A S Takes $75.62 Million Position in Timken Company (The) $TKR
defenseworld.net · Sep 19
Timken Company (The) $TKR Shares Purchased by Corient Private Wealth LP
defenseworld.net · Sep 18
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