Timken posts record Q1 sales $1.125B, adjusted EPS $1.61; acquires Spinea

TIMKEN CO

2022-Q1 EPS reported $1.56 revenue$1,124,600,000

Record Q1 sales $1.125B (+9.7% YoY); GAAP EPS $1.56, adjusted EPS $1.61 (record quarterly).
Process Industries sales $584M (+12.2%), EBITDA margin 26.6%; Mobile Industries sales $540M (+7.1%), EBITDA margin 13.9% (down YoY).
Repurchased 1.5M shares (~2% of outstanding); returned $123.5M to shareholders.
Maintains FY22 outlook: GAAP EPS $4.85-5.25, adjusted $5.00-5.40; revenue expected +8% at midpoint.
Announced agreement to acquire Spinea (cycloidal gears, robotics/automation); strengthens position in high-growth robotics.

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