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, Rollon, Bearing Inspection, Standard Machine, Drives, Philadelphia Gear. The company serves various markets such as rail, outdoor power equipment, mining, metals, food and beverage, energy, defense, construction, civil aerospace, and others.

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

Latest Updates

Employees (est.) (Dec 2019)18,000(+6%)
Job Openings122
Revenue (FY, 2019)$3.8 B(+6%)
Share Price (Sept 2020)$57.6
Cybersecurity ratingBMore

Key People/Management at Timken

John M. Timken

John M. Timken

Chairman
Shelly M. Chadwick

Shelly M. Chadwick

Vice President, Finance, Chief Accounting Officer
Philip Fracassa

Philip Fracassa

EVP & Chief Financial Officer
Maria A. Crowe

Maria A. Crowe

Director
Ronald Myers

Ronald Myers

VP Operational Organization Advancement
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 12 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
27th Floor, Office Building, Ganghui Center, No. 1 Hongqiao Road
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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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 (16-Sept-2020)

4.3b

Closing stock price (16-Sept-2020)

57.6

Cash (30-Jun-2020)

415.6m

EV

5.8b
Timken's current market capitalization is $4.3 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

82/100

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 Reports Second-Quarter 2020 Results

NORTH CANTON, Ohio, Aug. 3, 2020 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today reported second-quarter 2020 sales of $803.5 million, down 19.7 percent from the same period a year ago. The...

Timken to Announce Second-Quarter 2020 Financial Results on Aug. 3

NORTH CANTON, Ohio, July 6, 2020 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, will release its second-quarter 2020 financial results on Monday, Aug. 3, prior to the opening of the New York Stock...

Timken to Announce First-Quarter 2020 Financial Results on May 1

NORTH CANTON, Ohio, April 9, 2020 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, will release its first-quarter 2020 financial results on Friday, May 1, prior to the opening of the New York Stock...

Timken Reports Fourth-Quarter and Full-Year 2019 Results

NORTH CANTON, Ohio, Feb. 5, 2020 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today reported fourth-quarter 2019 sales of $896.2 million, down 1.5 percent from the same period a year ago. The decline...

Timing Belt Market By Application (Automotive, Industrial); By Type (Rubber Belt, PU Belt); Key Players Profiled: Gates, Continental, Tsubakimoto, Forbo, Hutchinson, Bosch, Mitsuboshi, Timken, & ACDelco | Radiant Insights, Inc.

SAN FRANCISCO, Jan. 7, 2020 /PRNewswire/ -- The global Timing Belt Market is estimated to grow at a higher CAGR by the completion of the forecast period. It is a ridged belt used to harmonize the revolution of the crankshaft and the valves of the engine to facilitate the opening and the...

The Timken Company Celebrates 120th Anniversary by Ringing NYSE Closing Bell

NORTH CANTON, Ohio, Dec. 12, 2019 /PRNewswire/ -- To celebrate the company's 120th anniversary, representatives from The Timken Company (NYSE: TKR; www.timken.com) rang the closing bell at the New York Stock Exchange this afternoon. A world leader in engineered bearings and power...
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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 John M. Timken, Shelly M. Chadwick and Philip Fracassa.

  • How many employees does Timken have?

    Timken has 18,000 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 $210.6 k.

  • Who are Timken competitors?

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

  • 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 12 other locations.

  • How many offices does Timken have?

    Timken has 16 offices.