Timken

OverviewSuggest Edit

Timken is a company that 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 rail, outdoor power equipment, mining, metals, food and beverage, energy, defense, construction, civil aerospace, and other markets. Timken offers housed, plain, spherical and cylindrical roller, tapered roller bearings, industrial drives, lubrication systems, couplings, industrial clutches and brakes, and other products.
TypePublic
Founded1899
HQNorth Canton, OH, US
Websitetimken.com
Employee Ratings3.6
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2021)18,000(+4%)
Job Openings313
Revenue (FY, 2021)$4.1 B(+18%)
Share Price (May 2022)$58.3
Cybersecurity ratingCMore
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Key People/Management at Timken

Richard G. Kyle

Richard G. Kyle

President and Chief Executive Officer, Director
Philip D. Fracassa

Philip D. Fracassa

Executive Vice President and Chief Financial Officer
Hansal N. Patel

Hansal N. Patel

Vice President and General Counsel, Secretary
Lan Yu

Lan Yu

President of Timken China
Christopher A. Coughlin

Christopher A. Coughlin

Executive Vice President and Group President
Carl D. Rapp

Carl D. Rapp

Group Vice President and Vice President of Power Systems
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Timken Office Locations

Timken has offices in North Canton, Charlotte, Los Alamitos, Naperville and in 25 other locations
North Canton, OH, US (HQ)
The Timken Company, 4500 Mt Pleasant St NW
Charlotte, NC, US
8701 Red Oak Blvd
Los Alamitos, CA, US
4422 Corporate Center Dr
Naperville, IL, US
3155 Book Rd Suite #103
Novi, MI, US
28125 Cabot Dr
Peoria, IL, US
8415 N Allen Rd
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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 $4.13 b in FY, 2021 which is a 17.6% increase from the previous period.
USD

Revenue (Q1, 2022)

1.1b

Gross profit (Q1, 2022)

327.4m

Net income (Q1, 2022)

121.9m

EBIT (Q1, 2022)

172.3m

Market capitalization (13-May-2022)

4.4b

Closing stock price (13-May-2022)

58.3

Cash (31-Mar-2022)

424.5m
Timken's current market capitalization is $4.4 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

3.8b3.5b4.1b

Revenue growth, %

6%(7%)18%

Cost of goods sold

2.6b2.5b3.0b

Gross profit

1.1b1.0b1.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

979.7m1.0b914.0m923.4m803.5m894.6m1.0b1.1b1.0b1.1b

Cost of goods sold

677.1m694.3m636.5m644.5m573.2m630.9m726.2m760.6m769.4m797.2m

Gross profit

302.6m305.7m277.5m278.9m230.3m263.7m299.2m302.3m267.9m327.4m

Gross profit Margin, %

31%31%30%30%29%29%29%28%26%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

209.5m320.3m257.1m

Accounts Receivable

545.1m581.1m626.4m

Inventories

842.0m841.3m1.0b

Current Assets

1.9b2.0b2.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

239.5m166.8m181.4m387.5m415.6m313.1m302.3m305.5m261.8m424.5m

Accounts Receivable

611.3m589.9m548.3m577.7m541.6m571.5m712.3m704.4m700.2m743.9m

Inventories

839.4m843.8m805.3m819.7m784.0m789.9m864.8m919.5m974.1m1.1b

Current Assets

1.9b1.9b1.8b2.1b2.0b2.0b2.1b2.2b2.2b2.5b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

374.7m292.4m381.5m

Depreciation and Amortization

160.6m167.1m167.8m

Inventories

50.7m27.4m(215.8m)

Accounts Payable

19.9m22.6m76.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

95.3m190.2m256.9m84.0m145.8m237.1m116.0m223.2m314.8m121.9m

Depreciation and Amortization

39.5m81.2m120.4m42.3m84.0m125.2m43.0m85.2m126.5m41.4m

Inventories

(4.1m)16.6m37.8m300.0k41.3m47.9m(33.3m)(81.4m)(144.2m)(70.2m)

Accounts Payable

(20.2m)(13.4m)7.4m28.9m(2.8m)19.9m41.2m60.5m7.7m
USDQ1, 2019

EV/EBIT

32.6 x

EV/CFO

93.5 x

EV/FCF

135.5 x

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.7 x

P/E Ratio

36.7
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Timken Operating Metrics

Timken's Backlog was reported to be $2.4b in FY, 2021.
Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021

Countries

353535424242424242424242

Manufacturing Facilities

125127129

Distribution Centers

686862

Backlog

$1.74 b$2.03 b$2.45 b

Timken Acquisitions / Subsidiaries

Company NameDateDeal Size
iMSAugust 20, 2021$7.7 m
Aurora BearingDecember 01, 2020
Beka LubricationSeptember 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
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Timken Revenue Breakdown

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Timken revenue breakdown by business segment: 47.4% from Mobile Industries and 52.6% from Process Industries

Timken revenue breakdown by geographic segment: 41.9% from United States, 24.9% from Europe / Middle East / Africa, 8.8% from Asia-Pacific, 9.6% from Americas and 14.8% from China

Human Capital Metrics

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Timken Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Timken Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Timken Online and Social Media Presence

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Timken Company Culture

  • Overall Culture

    C-

    67/100

  • CEO Rating

    D+

    66/100

  • Compensation

    C-

    66/100

  • Diversity

    C-

    68/100

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Timken News and Updates

Timken Declares 400th Consecutive Quarterly Dividend

Company Increases Quarterly Dividend to 31 Cents Per Share; Joins Short List of Companies to Achieve 100-Year Milestone NORTH CANTON, Ohio, May 6, 2022 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered...

Timken (NYSE:TKR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Timken (NYSE:TKR – Get Rating) from a hold rating to a buy rating in a report released on Tuesday.

Timken Reports Record First-Quarter 2022 Results

Record sales of $1.125 billion, up approximately 10 percent from last year Record first-quarter earnings per diluted share of $1.56 on a GAAP basis, with all-time record quarterly adjusted EPS of $1.61 Repurchased 1.5 million shares during the quarter Maintains earnings outlook; expects...

Timken to Acquire Spinea, Expanding Its Robotics and Automation Offering in Attractive and Growing End Market Sectors

NORTH CANTON, Ohio, April 29, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, has reached an agreement to acquire Spinea, s.r.o. (Spinea), a European technology leader and manufacturer...

Timken to Participate in the Oppenheimer Industrial Growth Conference

The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, will virtually attend the Oppenheimer 17th Annual Industrial Growth Conference on May 4, 2022. Participating in a fireside chat on behalf of Timken will be Richard G. Kyle, presiden…

Timken (NYSE:TKR) Price Target Cut to $72.00

Timken (NYSE:TKR – Get Rating) had its price target cut by stock analysts at Morgan Stanley from $76.00 to $72.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Morgan …
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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 G. Kyle, Philip D. Fracassa and Hansal N. Patel.

  • How many employees does Timken have?

    Timken has 18,000 employees.

  • What is Timken revenue?

    Latest Timken annual revenue is $4.1 b.

  • What is Timken revenue per employee?

    Latest Timken revenue per employee is $229.6 k.

  • Who are Timken competitors?

    Competitors of Timken include Tupy, NSK and NTN.

  • 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, Charlotte, Los Alamitos, Naperville and in 25 other locations.

  • How many offices does Timken have?

    Timken has 30 offices.