Timken Company (The)
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Lucian Boldea
- Full Time Employees
- 19,000
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- 4500 Mount Pleasant Street NW North Canton OH United States 44720-5450
- IPO Date
- Jan 1, 1922
- CIK
- 0000098362
- Website
- timken.com
- Similar Companies
- Business
- The Timken Company (NYSE: TKR), founded in 1899 and headquartered in North Canton, Ohio, engineers, manufactures and markets a comprehensive portfolio of engineered bearings and industrial motion products worldwide. The company operates in two primary segments, Engineered Bearings and Industrial Motion, serving diverse end-markets including railroading, food and beverage, energy generation and harvesting, marine vessels, mining, agriculture, construction, civil aerospace, defense, commercial vehicles, automation, renewable energy and medical robotics across approximately 45 countries. Its core offerings encompass tapered roller bearings, ball bearings, spherical roller bearings and related precision-engineered bearings; gear drives including Philadelphia Gear and Cone Drive brands; automated lubrication systems such as Groeneveld and BEKA; belts, chain and couplings under brands like Diamond, Lovejoy and Nadella; linear motion products including Rollon and Nadella; industrial clutches and brakes; filtration systems via Des-Case; sealing products; and a spectrum of powertrain rebuild, repair and industrial drivetrain services. The company's strong brands also include Timken, GGB, Drives, CGI and Lagersmit, with products designed for high reliability, efficiency and performance in demanding applications. In recent developments, Timken completed the acquisition of CGI Inc. in September 2024, adding precision drive systems for automation and medical robotics with approximately $45 million in annual sales; acquired Des-Case, Rosa Sistemi, Lagersmit, American Roller Bearing, Engineered Solutions Group (iMECH) and Nadella in 2023 to bolster industrial motion, linear motion, filtration, seals and engineered bearings capabilities; and on December 1, 2025, Timken India Limited finalized its acquisition of Timken GGB Technology Private Limited shares from Timken Europe and the parent company to enhance product portfolio rationalization and operational efficiency in self-lubricating bearings and seals. These strategic moves support ongoing global expansion, cost-reduction initiatives targeting $75 million in 2025, and an "80/20 mindset" focusing on high-margin verticals amid resilient financial performance, including 2.7% sales growth to $1.16 billion in Q3 2025 driven by pricing, currency benefits and acquisitions.
Company News
What Timken (TKR) Said on Its Q3 Earnings Call
TKR Q3 Earnings Beat, Increase Y/Y on Pricing and Tariff Refunds
The Timken Company (TKR) Q3 2026 Earnings Call Transcript
Here's What Key Metrics Tell Us About Timken (TKR) Q3 Earnings
Timken (TKR) Surpasses Q3 Earnings Estimates
Timken Reports Third-Quarter 2026 Results
Timken (TKR) Earnings Expected to Grow: Should You Buy?
Here's Why Timken (TKR) is a Strong Value Stock
Timken to Announce Third-Quarter 2026 Financial Results on November 4
Head-To-Head Contrast: Timken (NYSE:TKR) & Caterpillar (NYSE:CAT)
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Timken to Boost Industrial Motion Margins With Belts Business Sale
Timken Releases 2025 CSR Report, Illustrating Commitment to Responsible, Sustainable Impact
Timken Completes Sale of Belts Business to Gates
Gates Completes Acquisition of the Belts Business from The Timken Company
Here's Why Timken (TKR) is a Strong Value Stock
Nykredit A S Takes $75.62 Million Position in Timken Company (The) $TKR
Timken Company (The) $TKR Shares Purchased by Corient Private Wealth LP
The Timken Company (TKR) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript
Why Timken (TKR) is a Top Value Stock for the Long-Term