Timken Reports Second-Quarter 2026 Results

About this update from Timken Company (the)

Sales of $1.26 billion, up 7.5 percent from last yearSecond-quarter diluted EPS of $0.41; adjusted EPS of $1.83Net income margin of 2.3 percent; adjusted EBITDA margin of 19.6 percentUpdates 2026 EPS outlook; now expects 2026 EPS of $3.75-$4.05, raising adjusted EPS outlook to $6.05-$6.35NORTH CANTON, Ohio, Aug. 4, 2026 /PRNewswire/ -- The Timken Company (NYSE: TKR) (www.timken.com), a leader in advanced motion technology, today reported second-quarter 2026 results.2Q-262Q-25% ChangeNet Sales (mils.)$1,260.9$1,173.47.5 %Net Income Margin2.3 %6.7 %(440 bps)Adjusted EBITDA Margin19.6 %17.7 %190 bpsDiluted EPS$0.41$1.12(63.4) %Adjusted EPS$1.83$1.4228.9 %Net Cash from Operations (mils.)$107.1$111.3(3.8) %Free Cash Flow$80.5$78.22.9 %"The Timken team is successfully advancing our Elevate to Outperform strategy to accelerate profitable growth, structurally increase margins and create long-term shareholder value," said Lucian Boldea, president and chief executive officer. "Second quarter results demonstrate our team's strong execution and continued progress against these objectives combined with our ability to capitalize on improving customer demand. Our performance during the first half of the year, continued momentum, and disciplined execution framework gives us the confidence to raise our 2026 outlook."Second-Quarter 2026 HighlightsTimken delivered sales in the second quarter of $1.26 billion, up 7.5 percent from the same period a year ago. The increase was driven by higher volumes across both segments, higher pricing, revenue from the Bijur Delimon acquisition and favorable foreign currency translation. Organically, sales were up 4.4 percent as compared to the second quarter of 2025.The company posted net income in the second quarter of $28.9 million or $0.41 per diluted share. This compares to net income of $78.5 million or $1.12 per diluted share for the same period a year ago. The company's net income margin in the quarter was 2.3 percent, compared to 6.7 percent in the second quarter of last year. Net income in the current period includes an impairment charge related to the anticipated divestiture of the company's belts business.Excluding special items (detailed in the attached tables), adjusted net income in the second quarter was $128.4 million or $1.83 per diluted share. This compares to adjusted net incom...

View stock analysis, news, and events for Timken Company (the)