Timken Earns Recognition on Forbes America's Best Companies 2027 List

(NYSE: TKR) The Timken Company announced that it has been named to Forbes America's Best Companies 2027 list. Natasha Pollock, senior vice president and chief human resources officer, stated that this recognition acknowledges the outstanding contributions of Timken employees and highlights the company's commitment to learning, growth, and teamwork. The company emphasized its Elevate to Outperform strategy and the One Timken approach, which encourages employees to collaborate across the organization to innovate and deliver greater value. Timken's culture is guided by core values including Safety, Ethics & Integrity, Quality, Excellence, and Teamwork. Forbes America's Best Companies 2027 list recognizes 500 companies based on more than 120 metrics from a dozen data providers. Forbes assessed tens of millions of data points across factors such as financial performance, customer sentiment, employee ratings, cybersecurity, and sustainability. The Timken Company designs and manufactures highly engineered systems and components for customers in strategic end markets, including aerospace and defense, power and electrification, and automation and industrial solutions. The company reported $4.6 billion in sales in 2025. Timken employs approximately 19,000 people. The company operates from 45 countries. Timken has more than 125 years of specialized expertise and a multinational presence.

Timken Completes Sale of Belts Business to Gates

(NYSE:TKR) The Timken Company announced the completion of the sale of its belts business assets to Gates Industrial Corporation Ltd. (NYSE:GTES). The financial terms of the transaction were not disclosed. Lucian Boldea, president and chief executive officer of The Timken Company, stated that this divestiture is an important milestone in achieving the company's stated 2028 margin targets. Boldea also noted that exiting the belts business allows Timken to increase focus on its core competencies in advanced motion technology. The divested business manufactures a comprehensive line of belts used in industrial, commercial, and consumer applications. The completed divestiture is expected to improve the adjusted EBITDA margins of Timken's Industrial Motion segment. The transaction is also expected to be accretive to Timken's earnings per share in 2027. Proceeds from the divestiture will help fund Timken's capital allocation priorities. The Timken Company posted $4.6 billion in sales in 2025. The company employs approximately 19,000 people. Timken operates from 45 countries. The announcement includes statements regarding future financial performance and margin targets.

Timken Declares Quarterly Dividend of 36 Cents Per Share

(NYSE: TKR) The Timken Company declared a quarterly cash dividend of 36 cents per share. The dividend is payable on Aug. 28, 2026, to shareholders of record as of Aug. 18, 2026. Timken has paid a dividend on its common shares every quarter since its original listing on the New York Stock Exchange (NYSE) in 1922. The upcoming dividend represents 417 consecutive quarters, one of the longest-running dividend streaks among NYSE-listed companies. 2026 marks the company's thirteenth consecutive year of annual dividend growth. The company posted $4.6 billion in sales in 2025 and employs approximately 19,000 people, operating from 45 countries. Timken designs and manufactures highly engineered systems and components for customers in strategic end markets, including aerospace and defense, power and electrification, and automation and industrial solutions.

Timken Announces Key Leadership Appointments

(NYSE: TKR) The Timken Company announced key executive leadership appointments in support of its Elevate to Outperform strategy.

Timken Details Strategy and Announces 2028 Financial Targets at Investor Day

The Timken Company (NYSE: TKR) hosted an Investor Day on May 20, 2026, where president and CEO Lucian Boldea and the executive team presented the company's 2028 financial targets and growth strategy. The company introduced its 'Elevate to Outperform' strategy, focusing on portfolio optimization, strategic investments, and leveraging its multinational footprint. Timken's 2028 financial targets include total sales of $5.0 to $5.2 billion, an organic net sales CAGR in the mid-single digits, and significant margin improvements in both the Industrial Motion and Engineered Bearings segments. Adjusted earnings per share are targeted at approximately $8.50, representing a greater than 55 percent increase compared to 2025. In 2025, the company posted $4.6 billion in sales and employed approximately 19,000 people across 45 countries. Presentation materials and a webcast replay are available until June 3, 2026. The announcement emphasizes Timken's commitment to delivering enhanced value to customers and shareholders over the long term.

Timken Raises Quarterly Dividend to 36 Cents Per Share; Marking 13 Years of Increases

The Timken Company (NYSE: TKR) announced that its board of directors approved a 2.9 percent increase in the company's quarterly cash dividend, raising it to 36 cents per share. The dividend is payable on May 29, 2026, to shareholders of record as of May 19, 2026. This marks the 13th consecutive year of higher annualized dividend payouts and represents 416 consecutive quarters of dividend payments. Timken reported $4.6 billion in sales in 2025 and employs approximately 19,000 people globally. The company operates from 45 countries.

Timken to Sell Belts Business to Gates

The Timken Company (NYSE: TKR) announced it has entered into a definitive agreement to sell the assets of its belts business to Gates Industrial Corporation plc (NYSE: GTES). The sale aligns with Timken's 80/20 approach to improve margins and focus on profitable verticals. The divestiture is expected to improve adjusted EBITDA margins of the Industrial Motion segment, with the estimated impact to be provided at the upcoming Investor Day on May 20. Proceeds from the sale are intended to fund Timken's capital allocation priorities. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.

Timken to Host Investor Day on May 20

The Timken Company (NYSE: TKR) announced it will host an Investor Day in New York City on May 20, 2026, from 9:00 a.m. to 12:15 p.m. ET. The event will feature presentations by Lucian Boldea, president and chief executive officer, Michael A. Discenza, executive vice president and chief financial officer, and other members of the Timken leadership team. Timken posted $4.6 billion in sales in 2025 and employs approximately 19,000 people globally, operating from 45 countries. The Investor Day will be webcast live and presentation materials will be available for download. A replay of the webcast will be available until June 3, 2026.