TKR Stock Recent News

TKR completes its previously announced acquisition of CGI to boost its capabilities.

NORTH CANTON, Ohio , Sept. 5, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today appointed Tarak Mehta the company's president and CEO.

NORTH CANTON, Ohio , Aug. 15, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will participate in the Jefferies Industrials Conference in New York City on Wednesday, Sept. 4, 2024, with a presentation scheduled at 7:30 a.m.

NORTH CANTON, Ohio , Aug. 7, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Todd M. Leombruno to its Board of Directors.

Timken (TKR) expects adjusted EPS of $6.00-$6.20 for 2024 compared with the prior stated $6.00-$6.30.

The Timken Company's stock has dropped 4.8% since being rated a 'buy' in April, due in part to recent lower guidance for 2024. Revenue, profits, and cash flows have all declined year over year, but the company remains attractively priced and shows signs of improvement. Debt levels have slightly decreased as of late, and the company's financial performance, while weaker, still supports a 'buy' rating.

NORTH CANTON, Ohio , Aug. 7, 2024 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today declared a quarterly cash dividend of 34 cents per share. The dividend is payable on Aug. 30, 2024, to shareholders of record as of Aug. 20, 2024.

Explore how Timken's (TKR) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

Addition will create unmatched portfolio of precision drives NORTH CANTON, Ohio , Aug. 5, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR;  www.timken.com ), a global technology leader in engineered bearings and industrial motion, has agreed to acquire CGI Inc., a Nevada-based manufacturer of precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The deal is subject to customary closing conditions, including regulatory approval, and is expected to close in the third quarter.

Although the revenue and EPS for Timken (TKR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.