---
schema_version: "secwatch.filing_event.v1"
accession: "0000098362-23-000053"
form_type: "8-K"
ticker: "TKR"
cik: "0000098362"
company_name: "TIMKEN CO"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:23:23.463492+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Timken Q1 record sales $1.26B, adj EPS $2.09; raises FY23 outlook

## Summary
- Record Q1 sales of $1.26B, up 12% total and 11% organically YoY.
- GAAP diluted EPS of $1.67; adjusted EPS of $2.09, an all-time quarterly record.
- Engineered Bearings sales $900.7M (+16.6%); Industrial Motion $362.1M (+2.8%).
- FY2023 EPS guidance raised to $5.90-$6.40; adjusted EPS $7.00-$7.50, revenue growth ~9.5%.
- Completed Nadella Group acquisition; returned $77.6M to shareholders via dividends and buybacks.

## SEC filing metadata
- accession: 0000098362-23-000053
- form_type: 8-K
- ticker: TKR
- cik: 0000098362
- company_name: TIMKEN CO
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98362/000009836223000053/0000098362-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98362/000009836223000053/tkr-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000098362-23-000053
- JSON: https://secwatch.observer/filing/0000098362-23-000053.json
- Plain text: https://secwatch.observer/filing/0000098362-23-000053.txt

## Key facts
- Earnings Releases
  TIMKEN CO reported first quarter of 2023 results: revenue $1.26 billion, net income $122.3 million, EPS $1.67 per diluted share. Guidance raised.
  - Period: first quarter of 2023
  - Revenue: $1.26 billion
  - Net income: $122.3 million
  - EPS: $1.67 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Timken Reports Record First-Quarter 2023 Results; Raises Full-Year Outlook • Record sales of $1.26 billion, up 12 percent in total and 11 percent organically from last year • Record first-quarter EPS of $1.67; with all-time record quarterly adjusted EPS of $2.09 • Net income margin of
  evidence_url: https://www.sec.gov/Archives/edgar/data/98362/000009836223000053/0000098362-23-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.