Quarterly ResultMay 6, 2026, 06:57 AM
Timken Q1 Sales $1.23B, EPS $1.40; Raises 2026 Outlook
AI Summary
The Timken Company reported a strong first quarter for 2026, with sales increasing 8% to $1.23 billion and diluted EPS rising 26.1% to $1.40. Adjusted EPS also saw significant growth, reaching $1.67. Following this performance, the company raised its full-year 2026 outlook, now expecting diluted EPS of $4.70-$5.20 and adjusted EPS of $5.75-$6.25, alongside an anticipated 5% revenue growth. Strategic initiatives included the acquisition of Bijur Delimon and the planned divestment of its belts business.
Key Highlights
- Q1 2026 sales were $1.23 billion, up 8% from $1.14 billion in Q1 2025.
- Q1 2026 diluted EPS was $1.40, a 26.1% increase from $1.11 in Q1 2025.
- Q1 2026 adjusted EPS was $1.67, up 19.3% from $1.40 in Q1 2025.
- Raised 2026 diluted EPS outlook to $4.70-$5.20 and adjusted EPS to $5.75-$6.25.
- Forecasted 2026 revenue to be up approximately 5% at the midpoint from 2025.
- Acquired Bijur Delimon, a manufacturer of automated lubrication systems.
- Net cash provided by operations was $39.3 million, with free cash flow of $0.5 million.
- Returned $53.3 million to shareholders through dividends and share repurchases.