Detail akcie Timken online

Business Summary: The Timken Company designs and manages a portfolio of engineered bearings and industrial motion products and provides related services. Its Engineered Bearings segment features a range of product designs serving original equipment manufacturers (OEMs) and end-users. Its portfolio features Timken, GGB, and Fafnir brands and serves customers across industries, including wind energy, agriculture, construction, food and beverage, metals and mining, automotive and truck, aerospace, rail and more. The Industrial Motion segment includes a portfolio of engineered products, including industrial drives, automatic lubrication systems, linear motion products and systems, chains, belts, couplings, filtration systems and industrial clutches and brakes. Its portfolio features brands, such as Philadelphia Gear, Cone Drive, Spinea, Rollon, Nadella, Groeneveld, BEKA, Des-Case, Diamond, Drives, Timken Belts, Lovejoy, PT Tech, and Lagersmit. It also offers specialty filtration products, augers and others.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Timken Co revenues increased 6% to $4.77B. Net income decreased 3% to $394.1M. Revenues reflect Engineered Bearings segment increase of 5% to $3.26B, Industrial Motion segment increase of 8% to $1.51B. Net income was offset by Selling, general and administrative expe increase of 16% to $740.8M (expense), Interest expense - Balancing value increase of 47% to $110.9M (expense).