---
schema_version: "secwatch.filing_event.v1"
accession: "0000098362-24-000048"
form_type: "8-K"
ticker: "TKR"
cik: "0000098362"
company_name: "TIMKEN CO"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:19:24.550318+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Timken Q1 sales $1.19B (-5.7% YoY), GAAP EPS $1.46; raises FY2024 guidance

## Summary
- Net income $103.5M vs $122.3M YoY; adjusted net income $125.7M or $1.77 adjusted EPS.
- Engineered Bearings segment sales down 10.9% to $802.5M; Industrial Motion sales up 7.1% to $387.8M.
- Full-year 2024 outlook raised: now expects EPS $5.10-$5.40, adjusted EPS $6.00-$6.30.
- Adjusted EBITDA margin 20.7% in Q1; net debt-to-adjusted EBITDA ratio 2.1x.
- CEO succession: Tarak Mehta to join in September, succeeding Richard Kyle; Kyle to retire.

## SEC filing metadata
- accession: 0000098362-24-000048
- form_type: 8-K
- ticker: TKR
- cik: 0000098362
- company_name: TIMKEN CO
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98362/000009836224000048/0000098362-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98362/000009836224000048/tkr-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000098362-24-000048
- JSON: https://secwatch.observer/filing/0000098362-24-000048.json
- Plain text: https://secwatch.observer/filing/0000098362-24-000048.txt

## Key facts
- Earnings Releases
  TIMKEN CO reported the first quarter of 2024 results: revenue $1.19 billion, net income $103.5 million or $1.46 per diluted share, EPS $1.46 per diluted share. Guidance raised.
  - Period: the first quarter of 2024
  - Revenue: $1.19 billion
  - Net income: $103.5 million or $1.46 per diluted share
  - EPS: $1.46 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Timken Reports First-Quarter 2024 Results; Raises Full-Year Outlook • Sales of $1.19 billion, down 5.7 percent from last year • First-quarter earnings per share of $1.46; adjusted EPS of $1.77 • Strong margin performance in the quarter, with net income margin of 8.7
  evidence_url: https://www.sec.gov/Archives/edgar/data/98362/000009836224000048/0000098362-24-000048-index.htm

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