Timken Q2 sales beat on higher volumes and pricing

Timken

04/08/2026 12:12

Overview
US motion technology maker's Q2 sales rose 7.5%, beating analyst expectations
Adjusted EPS for Q2 increased 29% and beat analyst expectations
Company raised 2026 adjusted EPS outlook after strong Q2 performance

Outlook
Timken raises 2026 adjusted EPS outlook to $6.05-$6.35
Company now sees 2026 diluted EPS at $3.75-$4.05
Timken expects 2026 revenue to rise about 5.5% from 2025

Result Drivers
HIGHER VOLUMES AND PRICING - Co said Q2 sales growth was driven by higher volumes across both segments and increased pricing
ACQUISITION IMPACT - Revenue from the Bijur Delimon acquisition contributed to Industrial Motion segment sales growth
IMPAIRMENT CHARGE - Net income was reduced by an impairment charge related to the planned divestiture of the belts business

Company press release: ID:nPn66bgr8a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.26 bln
$1.23 bln (9 Analysts)
Q2 Adjusted EPS
Beat
$1.83
$1.62 (12 Analysts)
Q2 EPS
 
$0.41
 
Q2 Adjusted Net Income
Beat
$128.40 mln
$113.31 mln (8 Analysts)
Q2 Net Income
 
$28.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Timken Co is $146.00, about 3% above its August 3 closing price of $141.75
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)