---
schema_version: "secwatch.filing_event.v1"
accession: "0000098362-23-000103"
form_type: "8-K"
ticker: "TKR"
cik: "0000098362"
company_name: "TIMKEN CO"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:53:29.659141+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Timken Q2 2023: record sales $1.27B, adj EPS $2.01; updates FY adj EPS guidance to $6.90-$7.30

## Summary
- Record Q2 sales $1.27B (+10.3% YoY); net income $125.2M ($1.73 EPS), adjusted net income $146.1M ($2.01 EPS).
- Engineered Bearings sales $857.2M (+7.4%), EBITDA margin 21.6%; Industrial Motion sales $415.1M (+16.8%), EBITDA margin 19.5%.
- FY 2023 guidance: EPS $5.70-$6.10, adjusted EPS $6.90-$7.30; revenue growth ~8% vs 2022.
- Repurchased 1.3M shares (~2% of outstanding); increased quarterly dividend by 6%.
- Free cash flow $94.4M; closed Nadella acquisition and partial sale of Timken India stake.

## SEC filing metadata
- accession: 0000098362-23-000103
- form_type: 8-K
- ticker: TKR
- cik: 0000098362
- company_name: TIMKEN CO
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98362/000009836223000103/0000098362-23-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98362/000009836223000103/tkr-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000098362-23-000103
- JSON: https://secwatch.observer/filing/0000098362-23-000103.json
- Plain text: https://secwatch.observer/filing/0000098362-23-000103.txt

## Key facts
- Earnings Releases
  TIMKEN CO reported the second quarter of 2023 results: revenue $1.27 billion, net income $125.2 million or $1.73 per diluted share, EPS $1.73 per diluted share.
  - Period: the second quarter of 2023
  - Revenue: $1.27 billion
  - Net income: $125.2 million or $1.73 per diluted share
  - EPS: $1.73 per diluted share
  - Result: reported results
  source text: except as shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Timken Reports Strong Second-Quarter 2023 Results • Record sales of $1.27 billion, up 10 percent from last year • Second-quarter EPS of $1.73; adjusted EPS of $2.01 • Net income margin of 9.8 percent; adjusted EBITDA margin of 20.7 percent • Repurchased 1.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/98362/000009836223000103/0000098362-23-000103-index.htm

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