Timken Reports Third-Quarter 2026 Results
TIMKEN CO (TKR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Timken Reports Third-Quarter 2026 Results • Sales of $1.21 billion, up 4.7 percent from last year • Third-quarter diluted EPS of $1.34; adjusted EPS of $1.65 • Net income margin of 7.7 percent; adjusted EBITDA margin of 18.5 percent • Cash from operations of $256 million and free
How this was made
The 30-second read
Why it matters
The earnings beat and raised EPS outlook reinforce Timken's growth narrative and may attract momentum traders.
Market read
Timken's strong quarter and raised guidance could lift related industrial stocks and support sector sentiment.
What to watch
Potential headwinds from tariff disputes and foreign‑currency volatility were noted but not quantified.
Timken Reports Third-Quarter 2026 Results
Third-quarter sales, diluted EPS, adjusted EPS, operating cash flow and free cash flow increased from the prior-year quarter, while adjusted EBITDA margin expanded and the company raised its 2026 EPS outlook.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Net sales (Three Months Ended September 30, 2026)GAAP | $1.21B | – | 4.7 % |
| Net sales (Nine Months Ended September 30, 2026)GAAP | $3.70B | – | – |
| Net sales, excluding the impact of acquisitions and currency (Three Months Ended September 30, 2026)non-GAAP | $1.19B | – | 2.8 % |
| Cost of products sold (Three Months Ended September 30, 2026)GAAP | 825.0 | – | – |
| Cost of products sold (Nine Months Ended September 30, 2026)GAAP | 2,523.9 | – | – |
| Selling, general & administrative expenses (Three Months Ended September 30, 2026)GAAP | 200.1 | – | – |
| Selling, general & administrative expenses (Nine Months Ended September 30, 2026)GAAP | 607.2 | – | – |
| Amortization of intangible assets (Three Months Ended September 30, 2026)GAAP | 20.3 | – | – |
| Amortization of intangible assets (Nine Months Ended September 30, 2026)GAAP | 61.6 | – | – |
| Impairment and restructuring charges (Three Months Ended September 30, 2026)GAAP | 0.6 | – | – |
| Impairment and restructuring charges (Nine Months Ended September 30, 2026)GAAP | 92.1 | – | – |
| Operating Income (Three Months Ended September 30, 2026)GAAP | 166.0 | – | – |
| Operating Income (Nine Months Ended September 30, 2026)GAAP | 419.4 | – | – |
| Net Income (Three Months Ended September 30, 2026)GAAP | $ 99.7 | – | – |
| Net Income (Nine Months Ended September 30, 2026)GAAP | $242.8M | – | – |
| Net Income Attributable to The Timken Company (Three Months Ended September 30, 2026)GAAP | $ 93.8 | – | – |
| Net Income Attributable to The Timken Company (Nine Months Ended September 30, 2026)GAAP | $220.9M | – | – |
| Net Income Margin (Three Months Ended September 30, 2026)GAAP | 7.7% | – | 170 bps |
| Diluted Earnings per share (Three Months Ended September 30, 2026)GAAP | $ 1.34 | – | 35.4% |
| Diluted Earnings per share (Nine Months Ended September 30, 2026)GAAP | $ 3.15 | – | – |
| Adjusted Net Income Attributable to The Timken Company (Three Months Ended September 30, 2026)non-GAAP | $115.1M | – | – |
| Adjusted Net Income Attributable to The Timken Company (Nine Months Ended September 30, 2026)non-GAAP | $360.8M | – | – |
| Adjusted earnings per share (Three Months Ended September 30, 2026)non-GAAP | $ 1.65 | – | 20.4% |
| Adjusted earnings per share (Nine Months Ended September 30, 2026)non-GAAP | $ 5.15 | – | – |
| Consolidated EBITDA (Three Months Ended September 30, 2026)non-GAAP | $222.2M | – | – |
| Consolidated EBITDA Margin (Three Months Ended September 30, 2026)non-GAAP | 18.3 % | – | – |
| Adjusted EBITDA (Three Months Ended September 30, 2026)non-GAAP | $224.6M | – | – |
| Adjusted EBITDA Margin (Three Months Ended September 30, 2026)non-GAAP | 18.5 % | – | 110 bps |
| Adjusted EBITDA (Nine Months Ended September 30, 2026)non-GAAP | $702.8M | – | – |
| Adjusted EBITDA Margin (Nine Months Ended September 30, 2026)non-GAAP | 19.0 % | – | – |
| Net Cash Provided by Operating Activities (Three Months Ended September 30, 2026)GAAP | $256.1M | – | 27.3% |
| Net Cash Provided by Operating Activities (Nine Months Ended September 30, 2026)GAAP | $402.5M | – | – |
| Free cash flow (Three Months Ended September 30, 2026)non-GAAP | $221.4M | – | 35.2% |
| Free cash flow (Nine Months Ended September 30, 2026)non-GAAP | $302.4M | – | – |
| Capital expenditures (Three Months Ended September 30, 2026)GAAP | $ (34.7) | – | – |
| Capital expenditures (Nine Months Ended September 30, 2026)GAAP | −$100.1M | – | – |
| Cash and cash equivalents (September 30, 2026)GAAP | $410.2M | – | – |
| Total Debt (September 30, 2026)other | $1.93B | – | – |
| Net Debt (September 30, 2026)non-GAAP | $1.52B | – | – |
| Ratio of Net Debt to Capital (September 30, 2026)non-GAAP | 31.2 % | – | – |
| Ratio of Net Debt to Adjusted EBITDA (September 30, 2026)non-GAAP | 1.7 | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Engineered Bearings (Three Months Ended September 30, 2026)Higher pricing and slightly favorable foreign currency translation. | $771.4M | – | 0.7 percent |
| Industrial Motion (Three Months Ended September 30, 2026)Higher demand across most end-market sectors and platforms, revenue from the Bijur Delimon acquisition and higher pricing. | $440M | – | 12.4 percent |
| Engineered Bearings (Nine Months Ended September 30, 2026)Not provided. | $2.38B | – | – |
| Industrial Motion (Nine Months Ended September 30, 2026)Not provided. | $1.32B | – | – |
Amounts quoted below without a unit are in millions, as in the filing’s tables. Per-share figures are as printed.
Full Year 2026 outlook
- Revenueup approximately 5.5 percent in total from 2025
- NoteForecasted full year GAAP diluted earnings per share: $ 4.05 to $ 4.20
- NoteForecasted full year adjusted diluted earnings per share: $ 6.35 to $ 6.50
- NoteForecasted Adjustments: Impairment, restructuring and other special items, net: 1.45
- NoteForecasted Adjustments: Acquisition-related intangible amortization expense, net: 0.85
Capital returns
- During the quarter, Timken repurchased approximately 505 thousand shares of company stock.
- The company returned $88.7 million of cash to shareholders through dividends and share repurchases in the third quarter.
- Cash dividends paid to shareholders (Three Months Ended September 30, 2026): $ (24.9).
- Purchase of treasury shares (Three Months Ended September 30, 2026): (63.8).
- Cash dividends paid to shareholders (Nine Months Ended September 30, 2026): $ (75.2).
- Purchase of treasury shares (Nine Months Ended September 30, 2026): (111.8).
What drove it
- Third-quarter sales growth was driven primarily by higher volumes in Industrial Motion, revenue from the Bijur Delimon acquisition and higher pricing.
- Organic sales were up 2.8 percent as compared to the third quarter of 2025.
- Engineered Bearings adjusted EBITDA benefited from tariff refunds, positive price/mix and favorable foreign currency.
- Industrial Motion adjusted EBITDA benefited from higher volume, positive price/mix and contribution from the Bijur Delimon acquisition.
- Adjusted EBITDA in the current period includes a net benefit of $12.4 million for IEEPA tariff refunds.
- The company completed the sale of its belts business to Gates Industrial Corporation Ltd. at the end of the third quarter.
Concerns
- Higher operating costs partially offset adjusted EBITDA growth in both Engineered Bearings and Industrial Motion.
- Nine-month Operating Income was 419.4, compared with 431.2 in the prior-year period.
- The company recorded impairment, restructuring and reorganization charges of $90.4 million related to the belts business sale and Springfield, Missouri facility closure during the nine months ended September 30, 2026.
- Engineered Bearings sales increased 0.7 percent in the third quarter.
What to watch
- Delivery of full-year 2026 revenue growth of approximately 5.5 percent from 2025.
- Delivery against forecasted full-year GAAP diluted earnings per share of $ 4.05 to $ 4.20 and adjusted diluted earnings per share of $ 6.35 to $ 6.50.
- Industrial Motion demand across end-market sectors and platforms.
- The effect of the completed belts business sale on Industrial Motion adjusted EBITDA margins.
- Potential continuation of the $12.4 million IEEPA tariff-refund benefit included in current-quarter adjusted EBITDA.
Balance sheet and cash flow
- Cash and cash equivalents: $ 410.2 as of September 30, 2026.
- Short-term debt, including current portion of long-term debt: $ 189.5 as of September 30, 2026.
- Long-term debt: 1,745.2 as of September 30, 2026.
- Total Debt: $ 1,934.7 as of September 30, 2026.
- Net Debt: $ 1,524.5 as of September 30, 2026.
- Net debt to adjusted EBITDA was 1.7 times as of September 30, 2026.
- Proceeds from divestitures (Three Months Ended September 30, 2026): 26.3.
- Acquisitions, net of cash received (Nine Months Ended September 30, 2026): (123.1).
Analysis
Timken reported third-quarter net sales of $ 1,211.4, compared with $ 1,157.1 in the prior-year quarter. The company said growth was led by higher Industrial Motion volumes, Bijur Delimon acquisition revenue and pricing. Organic sales, excluding acquisitions and currency, were $ 1,189.4 versus $ 1,157.1, a 2.8 % increase. Industrial Motion sales rose 12.4 percent to $ 440.0, while Engineered Bearings sales increased 0.7 percent to $ 771.4.
Profitability improved in the quarter. Operating Income was 166.0 compared with 139.4, while Net Income Attributable to The Timken Company was $ 93.8 compared with $ 69.3. Diluted earnings per share were $ 1.34 compared with $ 0.99. Adjusted EBITDA was $ 224.6 and adjusted EBITDA Margin was 18.5 %, compared with $ 201.7 and 17.4 % in the prior-year quarter. The current-quarter adjusted EBITDA included a net benefit of $12.4 million for IEEPA tariff refunds.
Cash generation strengthened. Net Cash Provided by Operating Activities was $ 256.1, compared with $ 201.1, and free cash flow was $ 221.4, compared with $ 163.8. The company returned $88.7 million of cash to shareholders through dividends and share repurchases, including repurchases of approximately 505 thousand shares. At September 30, 2026, Total Debt was $ 1,934.7, Net Debt was $ 1,524.5, and the Ratio of Net Debt to Adjusted EBITDA was 1.7.
The company completed the sale of its belts business to Gates Industrial Corporation Ltd. at the end of the third quarter and expects the transaction to improve Industrial Motion adjusted EBITDA margins. The nine-month period included $90.4 million of belts impairment, restructuring and reorganization charges related to the sale and the Springfield, Missouri facility closure. Timken raised its 2026 outlook to forecasted full-year GAAP diluted earnings per share of $ 4.05 to $ 4.20 and forecasted adjusted diluted earnings per share of $ 6.35 to $ 6.50. It is planning for 2026 revenue to be up approximately 5.5 percent in total from 2025.
Management, verbatim
In the third quarter, we delivered double-digit earnings growth versus last year and generated significant cash flow.
Lucian Boldea, president and chief executive officer
The continued execution of our Elevate to Outperform strategy gives us confidence in our 2026 outlook and our ability to achieve even stronger performance next year.
Lucian Boldea, president and chief executive officer
While it is too early to provide a formal outlook for 2027, we currently expect organic sales to increase mid-single digits compared to 2026 driven by incremental growth from our strategic initiatives and further positive momentum across our industrial markets.
Lucian Boldea, president and chief executive officer
Not in the filing
stated, not guessed- Prior-period guidance was not provided, so no comparison of actual results with prior guidance is available.
- Gross profit and gross margin were not reported.
- Forward guidance for gross margin, operating expenses and tax rate was not reported.
- Prior-quarter comparisons were not reported for the listed operating metrics.
- Year-over-year percentage changes were not reported for most nine-month income-statement and cash-flow line items.
- Segment adjusted EBITDA and adjusted EBITDA margin are reported in the filing but are not fields supported by the Segment response structure.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was checked against the filing text, and a metric whose value, prior period and change do not add up is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Timken's Q3 2026 filing includes detailed segment performance, cash flow, and a completed sale of its belts business.
Ticker impact
Timken reported Q3 2026 results and raised its full-year EPS outlook to $4.05‑$4.20.
likely upward pressure as the market prices in the raised guidance
The company posted higher sales, EPS and free cash flow, and explicitly raised its 2026 EPS outlook, which typically supports a price rally.
Market effects
Industrial motion and bearings sector may see broader optimism from Timken's strong results.
U.S. industrial stocks could benefit from the upbeat earnings trend.
Limited to industrial component manufacturers; no major global macro effect.
Counterpoint
If the raised guidance is already priced in, the stock could face a short‑term pull‑back.
Key entities
- CompanyTimken Company
Industrial motion technology manufacturer (NYSE: TKR).
