TIMKEN CO has recently released its 10-K report, detailing its operations and financial performance. The company designs, manufactures, and sells engineered bearings and industrial motion products, operating in two segments: Engineered Bearings and Industrial Motion. The Engineered Bearings segment provides various bearing products, while the Industrial Motion segment offers a portfolio of engineered products, including industrial drives, automatic lubrication systems, and linear motion products.
In 2025, TIMKEN CO reported net sales of $4.6 billion and employed approximately 19,000 people globally, operating in 44 countries. The company's primary segments, Engineered Bearings and Industrial Motion, serve a wide range of industries including wind energy, agriculture, construction, automotive, aerospace, and more. TIMKEN CO's strategy focuses on profitable growth, operational excellence, and capital deployment to drive shareholder value.
In 2025, the company's net income decreased by 15.5% to $317.3 million, and diluted earnings per share dropped by 17.6% to $4.11. The increase in net sales was primarily driven by favorable pricing, acquisitions, and foreign currency exchange rate changes, partially offset by lower demand across both segments. The decrease in net income was primarily due to incremental tariff costs, lower volume, unfavorable mix, and higher impairment and pension remeasurement charges.
Looking ahead to 2026, TIMKEN CO expects full-year revenue to increase by 2% to 4%, driven by higher demand, pricing, and favorable foreign currency exchange rates. The company anticipates higher earnings in 2026 compared to 2025, primarily due to higher pricing, volume, favorable mix, and lower material costs, partially offset by incremental tariff costs and higher SG&A expenses.
The company's reportable segments, Engineered Bearings and Industrial Motion, both experienced changes in net sales, cost of products sold, and adjusted EBITDA in 2025 compared to 2024. The Engineered Bearings segment reported a 0.5% decrease in net sales, while the Industrial Motion segment saw a 2.4% increase.
TIMKEN CO's 10-K report provides a detailed breakdown of its financial performance and business segments, offering investors and stakeholders valuable insights into the company's operations and future outlook. Following these announcements, the company's shares moved -0.19%, and are now trading at a price of $93.55. If you want to know more, read the company's complete 10-K report here.
