AcquisitionsMay 6, 2026, 03:48 PM
Timken Acquires Bijur Delimon for $124.3M; Q1 EPS $1.40
AI Summary
Timken Company acquired Bijur Delimon International for $124.3 million, expanding its position in automated lubrication systems. For the first quarter of 2026, Timken reported a 7.98% increase in net sales to $1,231.3 million and a 25.41% rise in net income attributable to the company to $98.2 million. Diluted earnings per share grew by 26.13% to $1.40. The Industrial Motion segment showed strong growth, while operating cash flow decreased.
Key Highlights
- Acquired Bijur Delimon International for $124.3 million, net of cash acquired, on March 18, 2026.
- Net sales increased 7.98% to $1,231.3 million for Q1 2026, up from $1,140.3 million in Q1 2025.
- Net income attributable to Timken Company rose 25.41% to $98.2 million, compared to $78.3 million year-over-year.
- Diluted earnings per share increased 26.13% to $1.40 in Q1 2026, from $1.11 in Q1 2025.
- Engineered Bearings segment net sales were $806.2 million, up 5.98% from $760.7 million.
- Industrial Motion segment net sales were $425.1 million, up 11.99% from $379.6 million.
- Net cash provided by operating activities decreased to $39.3 million from $58.6 million year-over-year.
- Paid cash dividends of $25.3 million and purchased $28.0 million in treasury shares.