The Timken Company reported a slight increase in net sales for the fiscal year ending December 31, 2025, reaching $4.58 billion, up from $4.57 billion in 2024. However, net income attributable to the company decreased by 18.2% to $288.4 million, compared to $352.7 million in the previous year. This decline in profitability was attributed to several factors, including increased tariff costs, lower demand across both segments, and higher impairment and pension remeasurement charges. Diluted earnings per share also fell to $4.11 from $4.99 in 2024.
In terms of operational changes, Timken made significant strides in its strategic initiatives, including the appointment of Lucian Boldea as President and CEO in September 2025, following the departure of Tarak B. Mehta. The company also reported a notable acquisition in 2024, acquiring CGI, Inc., a manufacturer of precision drive systems, which contributed to the Industrial Motion segment's growth. The company’s backlog of orders increased to $2.21 billion at the end of 2025, up from $2.02 billion in 2024, indicating a positive outlook for future sales.
Timken's workforce remained stable, with approximately 19,000 employees globally. The company operates 116 manufacturing facilities and service centers across 44 countries, reflecting its extensive geographic reach. The Engineered Bearings segment generated $3.02 billion in sales, while the Industrial Motion segment contributed $1.56 billion. The company noted that demand in the renewable energy sector partially offset declines in other markets, such as automotive and heavy industries.
Looking ahead, Timken anticipates a revenue increase of 2% to 4% for 2026, driven by higher demand across most market sectors and favorable pricing. The company expects to generate approximately $515 million in cash from operating activities, slightly down from $554.3 million in 2025, primarily due to increased working capital needs. Timken's capital expenditures are projected to be around 3.5% of sales, as the company continues to invest in its core business and pursue strategic growth opportunities.
About TIMKEN CO
The Timken Company designs and manufactures engineered bearings, industrial motion products, and related services. Its portfolio includes tapered, spherical, cylindrical roller bearings, linear motion solutions, gear drives, seals, belts, chains, and industrial clutches. Serving diverse markets worldwide, Timken leverages technical expertise, innovation, and a global supply chain to deliver high-performance, reliable products that enhance equipment efficiency and durability across industries such as automotive, aerospace, energy, mining, and manufacturing.
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