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 caters to the rail, outdoor power equipment, mining, metals, food and beverage, energy, defense, construction, civil aerospace, and other markets.
TypePublic
Founded1899
HQNorth Canton, OH, US
Websitetimken.com
Employee Ratings3.6
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2020)17,000(-3%)
Job Openings252
Revenue (FY, 2020)$3.5 B(-7%)
Share Price (Jun 2021)$88.8
Cybersecurity ratingCMore

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
Ronald Myers

Ronald Myers

Executive Vice President, Human Resources
Michael A. Discenza

Michael A. Discenza

Vice President, Group Controller
Ajay Das

Ajay Das

Vice President, Strategy and Business Development
Hansal N. Patel

Hansal N. Patel

Vice President, General Counsel and Secretary
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Timken Office Locations

Timken has offices in North Canton, São Paulo, Shanghai, Colmar and in 13 other locations
North Canton, OH, US (HQ)
The Timken Company, 4500 Mt Pleasant St NW
São Paulo, BR
R Alexandre Dumas 2200 – 3º andar – conj. 302
Shanghai, CN
27th Floor, Office Building 1, Gateway Center, No. 1 Hongqiao Road
Colmar, FR
2 Rue Timken
Düsseldorf, DE
Reisholzer Werftstraße 38
Bengaluru, IN
39-42, Electronic City, Phase I, Hosur Road
Show all (17)

Timken Financials and Metrics

Timken Revenue

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Timken's revenue was reported to be $3.51 b in FY, 2020
USD

Revenue (Q1, 2021)

1.0b

Gross profit (Q1, 2021)

299.2m

Gross profit margin (Q1, 2021), %

29.2%

Net income (Q1, 2021)

113.3m

EBIT (Q1, 2021)

150.7m

Market capitalization (4-Jun-2021)

6.7b

Closing stock price (4-Jun-2021)

88.8

Cash (31-Mar-2021)

302.3m

EV

8.1b
Timken's current market capitalization is $6.7 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

2.7b3.0b3.6b3.8b3.5b

Revenue growth, %

(7%)13%19%6%

Cost of goods sold

2.0b2.2b2.5b2.6b2.5b

Gross profit

668.5m810.4m1.0b1.1b1.0b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

148.8m121.6m132.5m209.5m320.3m

Accounts Receivable

438.0m524.9m546.6m545.1m581.1m

Prepaid Expenses

39.9m

Inventories

553.7m738.9m835.7m842.0m841.3m
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

140.8m203.4m305.5m374.7m292.4m

Depreciation and Amortization

131.7m137.7m146.0m160.6m167.1m

Inventories

10.1m(132.1m)(87.1m)50.7m27.4m

Accounts Payable

12.2m70.7m(20.2m)19.9m22.6m
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, 2020Q2, 2020Q3, 2020

Countries

28282831333333333535353542424242

Manufacturing Facilities

7397118125

Distribution Centers

25415368

Backlog

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

Company NameDateDeal Size
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
Lovejoy IncJuly 08, 2016$66 m
Standard MachineMay 13, 2013
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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

Human Capital Metrics

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Timken Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

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-

    69/100

  • CEO Rating

    C

    70/100

  • Compensation

    C

    70/100

  • Diversity

    C-

    68/100

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Timken News and Updates

Schaeffler, Timken Weigh Bids for $1.5 Billion ABB Unit

Schaeffler AG and Timken Co. are among suitors considering bids for the mechanical power transmission business being sold by Swiss engineering firm ABB Ltd., people familiar with the matter said.

Economic recovery helps TimkenSteel post profit; more management changes announced

Higher demand from its automotive and industrial customers helped TimkenSteel report a profitable first quarter.The company also announced more changes in upper-level management, electing a new chairman and reducing the executive vice president ranks.

Timken Increases Quarterly Dividend to 30 Cents Per Share

NORTH CANTON, Ohio, May 7, 2021 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today approved a three percent increase to the company's quarterly cash dividend,...

Timken Company (The) – Consensus Indicates Potential -.6% Downside

Timken Company (The) found using ticker (TKR) now have 9 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 76 and 62 and has a mean target at 70.56. With the stocks previous close at 71.01 this indicates there…

Timken to Participate in the Goldman Sachs Industrials and Materials Conference

The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, will present virtually at the Goldman Sachs Industrials and Materials Conference on May 13, 2021. Presenting on behalf of Timken will be Philip D. Fracassa, executive vi…

Timken Reports Record First-Quarter 2021 Results; Raises Full-Year Outlook

The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today reported first-quarter 2021 sales of $1.03 billion, up 11 percent from the same period a year ago. The increase was driven by organic growth across most end-market…
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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 Ronald Myers.

  • How many employees does Timken have?

    Timken has 17,000 employees.

  • What is Timken revenue?

    Latest Timken annual revenue is $3.5 b.

  • What is Timken revenue per employee?

    Latest Timken revenue per employee is $206.7 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, São Paulo, Shanghai, Colmar and in 13 other locations.

  • How many offices does Timken have?

    Timken has 17 offices.