Timken Q1 Revenue $1.23B, Adjusted EPS $1.67 Tops Forecast
TKR•Timken reported Q1 net income of $98.2 million, $1.40 EPS ($1.67 adjusted), topping analysts’ $1.50 forecast, on revenue of $1.23 billion which beat consensus. The company raised full-year adjusted EPS guidance to $5.75–$6.25 and acquired Bijur Delimon to bolster its industrial motion segment.
1. Strong Q1 Performance
Timken reported first-quarter net sales of $1.23 billion, an 8% increase driven by higher pricing, currency translation and volume. Net income was $98.2 million or $1.40 per diluted share, with adjusted EPS of $1.67, reflecting a 19% year-over-year increase.
2. Upgraded 2026 Outlook
The company raised its full-year 2026 earnings guidance to $4.70–$5.20 per diluted share and adjusted EPS to $5.75–$6.25, expecting revenue growth of approximately 5% at the midpoint. This upgrade follows margin expansion and improved customer demand across key sectors.
3. Portfolio and Strategic Actions
Timken completed the acquisition of Bijur Delimon to expand into automated lubrication systems for rail, power generation and mining, and announced plans to divest its belts business. These moves align with its 80/20 portfolio strategy and aim to enhance margin profiles.
