Timken Co (N:TKR)
Business Focus: Industrial Machinery & Equipment
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4500 Mt. Pleasant St. Nw NORTH CANTON OH 44720-5450 |
| Tel: | 1-234-2627112 |
| Website: | https://www.timken.com |
| IR: | See website |
| Key People | ||
| Richard G. Kyle President, Chief Executive Officer, Director | Tarak Mehta President, Chief Executive Officer | Philip D. Fracassa Chief Financial Officer, Executive Vice President |
| Christopher A. Coughlin Executive Vice President, President of Industrial Motion | Andreas Roellgen Executive Vice President, President of Engineered Bearings | Hansal N. Patel Vice President, General Counsel, Secretary | Natasha Pollock Vice President of Human Resources |
| Business Overview |
| The Timken Company designs and manages a portfolio of engineered bearings and industrial motion products and provides related services. Its Engineered Bearings segment features a range of product designs serving original equipment manufacturers (OEMs) and end-users. Its portfolio features Timken, GGB, and Fafnir brands and serves customers across industries, including wind energy, agriculture, construction, food and beverage, metals and mining, automotive and truck, aerospace, rail and more. The Industrial Motion segment includes a portfolio of engineered products, including industrial drives, automatic lubrication systems, linear motion products and systems, chains, belts, couplings, filtration systems and industrial clutches and brakes. Its portfolio features brands, such as Philadelphia Gear, Cone Drive, Spinea, Rollon, Nadella, Groeneveld, BEKA, Des-Case, Diamond, Drives, Timken Belts, Lovejoy, PT Tech, and Lagersmit. It also offers specialty filtration products, augers and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Timken Co revenues increased 6% to $4.77B. Net income decreased 3% to $394.1M. Revenues reflect Engineered Bearings segment increase of 5% to $3.26B, Industrial Motion segment increase of 8% to $1.51B. Net income was offset by Selling, general and administrative expe increase of 16% to $740.8M (expense), Interest expense - Balancing value increase of 47% to $110.9M (expense). |
| Employees: | 19,602 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7,950M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,769M as of Dec 31, 2023 |
| EBITDA (TTM): | $958.90M as of Dec 31, 2023 |
| Net annual income (TTM): | $394.10M as of Dec 31, 2023 |
| Free cash flow (TTM): | $263.40M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,977M as of Dec 31, 2023 |
| Shares outstanding: | 70,389,366 as of Feb 20, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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