The Timken Co - Company Profile
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The Timken Co (Timken) designs and manages a portfolio of engineered bearings and industrial motion products, providing related services. The company's main activities include manufacturing and managing global supply chains for engineered bearings and industrial motion products. Timken's major products encompass a wide range of bearings, linear motion solutions, industrial drives, automatic lubrication systems, belts, chains, couplings, clutches, brakes, seals, and other specialized industrial motion products. The company's products serve a diverse customer base across industries such as industrial distribution, renewable energy, automation, automotive, agriculture, rail, aerospace, construction, metals and mining, heavy truck, and marine. Timken's sales and distribution are primarily conducted through its internal sales organizations and authorized distributors or sales agents. The company operates in various geographic locations, including the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. Timken is headquartered in North Canton, Ohio, the US.
Headquarters
United States of America
Address
4500 Mount Pleasant St NW, North Canton, Ohio, 44720
Website
www.timken.com
Telephone
1 234 2623000
No of Employees
19,000
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
TKR (NYSE)
Revenue (2024)
$4.6B
0.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-18.2%
(2024 vs 2023)
Market Cap*
$9.7B
Net Profit Margin (2024)
XYZ
-18.4%
(2024 vs 2023)
* As of and is in US$
The Timken Co premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Engineered Bearings: | Bearing Remanufacturing | Timken |
| Ball Bearings | Repair Services for Industrial Components | Rollon |
| Tapered Roller Bearing | Training | Beka |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In May, the company signed an agreement to sell the belts business to Gates Industrial Corporation plc, a global manufacturer of power transmission and fluid power solutions. |
| 2026 | Plans/Strategy | In May, the company announced its strategy and 2028 financial targets. |
| 2026 | Acquisitions/Mergers/Takeovers | In March, the company acquired Bijur Delimon International, a manufacturer of automated lubrication systems. |
Competitor Comparison
| Key Parameters | The Timken Co | Schaeffler AG | JTEKT Corp | Dana Inc | Regal Rexnord Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | Germany | Japan | United States of America | United States of America |
| City | North Canton | Herzogenaurach | Kariya | Maumee | Milwaukee |
| State/Province | Ohio | Bayern | Aichi | Ohio | Wisconsin |
| No. of Employees | 19,000 | 109,549 | 45,018 | 39,600 | 29,200 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Lucian Boldea | President; Director; Chief Executive Officer | Executive Board | 2025 | 54 |
| Michael A. Discenza | Executive Vice President; Chief Financial Officer | Senior Management | 2025 | 54 |
| John R. Szarka | Chief Technology Officer; Senior Vice President | Senior Management | 2026 | - |
| Natasha Pollock | Chief Human Resources Officer; Senior Vice President | Senior Management | 2024 | 51 |
| John M. Timken Jr. | Chairman | Non Executive Board | 2014 | 74 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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