OverviewSuggest Edit

Timken is a company that engineers, manufactures, and markets engineered bearings and power transmission products. It operates a range of brands, including Cone Drive, Lovejoy, Rollon, Standard Machine, Drives, and Philadelphia Gear. The company serves the rail, outdoor power equipment, mining, metals, food and beverage, energy, defense, construction, civil aerospace, and other markets.

TypePublic
Founded1899
HQNorth Canton, US
Websitetimken.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Jun 2020)17,000(-5%)
Job Openings125
Revenue (FY, 2019)$3.8 B(+6%)
Share Price (Oct 2020)$58.1 (+3%)
Cybersecurity ratingBMore

Key People/Management at Timken

Richard Kyle

Richard Kyle

President and Chief Executive Officer, Director
Philip Fracassa

Philip Fracassa

Executive Vice President, Chief Financial Officer
Christopher A. Coughlin

Christopher A. Coughlin

Executive Vice President, Group President
Ronald Myers

Ronald Myers

Executive Vice President, Human Resources
Shelly M. Chadwick

Shelly M. Chadwick

Vice President, Finance, Chief Accounting Officer
Michael A. Discenza

Michael A. Discenza

Vice President, Group Controller
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Timken Office Locations

Timken has offices in North Canton, São Paulo, Shanghai, Colmar and in 13 other locations
North Canton, US (HQ)
The Timken Company, 4500 Mt Pleasant St NW
São Paulo, BR
Rua Alexandre Dumas, 2200 - 3º andar – conj. 302 - Chácara Santo Antônio (Zona Sul)
Shanghai, CN
1 Hongqiao Rd, Xu Jia Hui, Xuhui Qu
Colmar, FR
2 Rue Timken
Düsseldorf, DE
Reisholzer Werftstraße 38
Bengaluru, IN
39P, Electronics City Phase 1, Electronic City
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Timken Financials and Metrics

Timken Revenue

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View revenue for all periods
Timken's revenue was reported to be $3.79 b in FY, 2019 which is a 5.8% increase from the previous period.
USD

Revenue (Q2, 2020)

803.5m

Gross profit (Q2, 2020)

230.3m

Gross profit margin (Q2, 2020), %

28.7%

Net income (Q2, 2020)

61.8m

EBIT (Q2, 2020)

115.4m

Market capitalization (29-Oct-2020)

4.2b

Closing stock price (29-Oct-2020)

58.1

Cash (30-Jun-2020)

415.6m

EV

5.7b
Timken's current market capitalization is $4.2 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.7b3.0b3.6b3.8b

Revenue growth, %

(7%)13%19%6%

Cost of goods sold

2.0b2.2b2.5b2.6b

Gross profit

668.5m810.4m1.0b1.1b
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

148.8m121.6m132.5m209.5m

Accounts Receivable

438.0m524.9m546.6m545.1m

Inventories

553.7m738.9m835.7m842.0m

Current Assets

1.2b1.5b1.7b1.9b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

129.5m445.1m137.2m116.4m145.2m153.7m239.5m166.8m181.4m387.5m415.6m

Accounts Receivable

492.7m501.7m542.2m535.1m530.2m548.6m611.3m589.9m548.3m577.7m541.6m

Prepaid Expenses

33.4m

Inventories

566.2m617.0m687.5m776.8m777.4m841.0m839.4m843.8m805.3m819.7m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

140.8m203.4m305.5m374.7m

Depreciation and Amortization

131.7m137.7m146.0m160.6m

Inventories

10.1m(132.1m)(87.1m)50.7m

Accounts Payable

12.2m70.7m(20.2m)19.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

38.1m120.1m174.2m80.5m172.4m244.7m95.3m190.2m256.9m84.0m145.8m

Depreciation and Amortization

32.9m66.8m102.5m35.8m70.8m105.9m39.5m81.2m120.4m42.3m

Inventories

(6.5m)(38.1m)(85.4m)(53.8m)(79.9m)(94.3m)(4.1m)16.6m37.8m300.0k41.3m

Accounts Payable

48.6m50.5m(2.3m)8.4m9.9m(20.2m)(13.4m)7.4m
USDFY, 2016

Revenue/Employee

190.7k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
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Timken Operating Metrics

Timken's Backlog was reported to be $1.7b in FY, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Countries

28 28 28 31 33 33 33 33 35 35 35 35 42 42

Manufacturing Facilities

73 97 118 125

Distribution Centers

25 41 53 68

Backlog

$1.04 b$1.47 b$1.65 b$1.74 b
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Timken Acquisitions / Subsidiaries

Company NameDateDeal Size
Beka Lube Products IncSeptember 16, 2019$165 m
Diamond Chain CompanyApril 01, 2019
RollonJuly 27, 2018
Cone DriveJuly 24, 2018
Groeneveld GroupJune 27, 2017$280 m
PT Tech, LLCMay 05, 2017
Torsion Control Products , Inc.April 07, 2017
EDT Corp.November 01, 2016
Lovejoy IncJuly 08, 2016$66 m
Standard MachineMay 13, 2013
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Timken Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Timken Revenue Breakdown

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Timken revenue breakdown by business segment: 50.0% from Process Industries and 50.0% from Mobile Industries

Timken revenue breakdown by geographic segment: 18.6% from Asia-Pacific, 23.2% from Europe / Middle East / Africa, 48.2% from United States and 10.0% from Americas

Timken Online and Social Media Presence

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Timken News and Updates

Timken to Participate in the Baird Global Industrial Virtual Conference

The Timken Company will participate in the Baird Global Industrial Virtual Conference on Nov. 10, 2020. Participating on behalf of Timken will be Richard G. Kyle, president and chief executive officer and Philip D. Fracassa, executive vice president and chief financial officer.

Timken's Philadelphia Gear to Supply Critical Components for U.S. Navy Frigate Program

The Timken Company is building on its decades-long relationship with the United States Navy. The Navy recently announced that Fincantieri Marinette Marine (FMM) will build its new Constellation (FFG-62) Class of guided-missile frigates and FMM has chosen Timken's Philadelphia Gear business to supply…

Timken to Announce Third-Quarter 2020 Financial Results on Oct. 29

The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, will release its third-quarter 2020 financial results on Thursday, Oct. 29, prior to the opening of the New York Stock Exchange. The company will host a conference call at 11:00 a.m…

Nestle and Timken expansions underway

Two companies announced expansion plans in the Clinton area earlier this year. Nestle Purina announced in February the expansion of its Clinton factory. The expansion represents a $140 million investment that will allow Nestle Purina to meet a growing demand from pet owners for nutritious, science-b…

Timken to Participate in the Morgan Stanley Virtual Laguna Conference

The Timken Company, engineered bearings and power transmission company, will participate in the Morgan Stanley Virtual Laguna Conference on Sept. 17, 2020.

Timken to Participate in the Vertical Research Partners' Global Industrials Virtual Conference

The Timken Company will participate in the Vertical Research Partners' Global Industrials Virtual Conference on Sept. 9, 2020.
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Timken Frequently Asked Questions

  • When was Timken founded?

    Timken was founded in 1899.

  • Who are Timken key executives?

    Timken's key executives are Richard Kyle, Philip Fracassa and Christopher A. Coughlin.

  • How many employees does Timken have?

    Timken has 17,000 employees.

  • What is Timken revenue?

    Latest Timken annual revenue is $3.8 b.

  • What is Timken revenue per employee?

    Latest Timken revenue per employee is $222.9 k.

  • Who are Timken competitors?

    Competitors of Timken include Freudenberg Group, RBC Bearings and ZF Group.

  • Where is Timken headquarters?

    Timken headquarters is located at The Timken Company, 4500 Mt Pleasant St NW, North Canton.

  • Where are Timken offices?

    Timken has offices in North Canton, São Paulo, Shanghai, Colmar and in 13 other locations.

  • How many offices does Timken have?

    Timken has 17 offices.