Nov 4, 6:53 AM ET
Timken reported third-quarter 2026 sales of $1.21 billion, up 4.7% from a year earlier, and diluted EPS of $1.34 versus $0.99. The company raised its full-year 2026 outlook to diluted EPS of $4.05 to $4.20 and adjusted EPS of $6.35 to $6.50. Adjusted EBITDA for the quarter included a net benefit of $12.4 million from IEEPA tariff refunds, which the filing notes.
- Q3 2026 net sales $1.21 billion, up 4.7%; organic sales up 2.8%
- Q3 diluted EPS $1.34 vs $0.99; adjusted EPS $1.65 vs $1.37
- 2026 outlook: diluted EPS $4.05 to $4.20; adjusted EPS $6.35 to $6.50
- Q3 free cash flow $221.4 million; $88.7 million returned to shareholders
Read the filing on SEC.gov ↗
Aug 4, 6:54 AM ET
Timken reported second-quarter 2026 sales of $1.26 billion, up 7.5% from a year earlier, and adjusted diluted EPS of $1.83, up from $1.42. GAAP diluted EPS fell to $0.41 from $1.12 after a $94.4 million impairment, restructuring and reorganization charge tied to the planned belts business divestiture. The company raised its adjusted EPS outlook for 2026 to $6.05-$6.35 and now expects GAAP diluted EPS of $3.75-$4.05.
- Q2 net sales $1.26 billion, up 7.5%; organic sales up 4.4%
- Q2 diluted EPS $0.41 vs $1.12 a year earlier; adjusted diluted EPS $1.83 vs $1.42
- Belts impairment, restructuring and reorganization charges of $94.4 million in Q2, tied to a sale to Gates Industrial Corporation plc expected to close in Q3 2026
- 2026 adjusted EPS outlook raised to $6.05-$6.35; GAAP EPS outlook $3.75-$4.05
Read the filing on SEC.gov ↗
Jul 31, 6:50 AM ET
Timken's board appointed Stephen P. Ribaudo, formerly a Carrier Global executive, as Executive Vice President and Chief Operating Officer effective September 1, 2026. The company also said Timothy A. Graham will become Executive Vice President and Chief Commercial Officer once Ribaudo starts, a senior leadership change that shareholders may watch as the company's management team takes shape.
- Stephen P. Ribaudo, age 41, becomes EVP and COO effective September 1, 2026; he most recently was SVP and General Manager of Commercial HVAC Americas at Carrier Global since April 2026
- Base salary of $670,000 per year, with a 2026 annual incentive target of 80% of base salary
- Make-whole RSU award of $1,000,000 and a $250,000 cash sign-on payment; 2026 long-term equity target of at least $1,794,000
- Timothy A. Graham to be appointed EVP and Chief Commercial Officer, effective upon Ribaudo's start date
Read the filing on SEC.gov ↗
Jul 6, 4:15 PM ET
Timken signed a Sixth Amended and Restated Credit Agreement on July 2, 2026, providing a $1.2 billion unsecured revolving credit facility that replaces its December 5, 2022 revolving credit agreement. The facility matures July 2, 2031, and includes financial covenants requiring maintenance of a consolidated net leverage ratio and a consolidated interest coverage ratio.
- Facility size is $1.2 billion, unsecured, with a maturity date of July 2, 2031
- Proceeds will refinance the Existing Revolving Credit Agreement dated December 5, 2022, and fund general corporate purposes
- Interest rate and facility fee are based on the company's debt rating; covenants require net leverage and interest coverage ratios within set limits
- Lenders include Bank of America, N.A. and JPMorgan Chase Bank, N.A., which serve as co-administrative agents
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.