Why Invest

Growing, Market-leading Product Portfolio and Diverse End-market Mix

Timken has purposely grown its engineered bearings and industrial motion portfolio to achieve three strategic goals: build on our core bearings business and long-standing innovation power; diversify by adding adjacent product lines; increase our ability to serve the needs of global industry more fully. The results? Our position is stronger than ever with greater scale, profitable growth, and one of the most attractive end-market mixes in the industry, including renewable energy and automation.

* % of total 2022 Company sales

Leader in Renewable Energy with a Focus on Wind and Solar

Renewable energy is now Timken’s single largest market, representing more than 10% of our total sales. Strong underlying market growth, share gains and our competitive advantage — application engineering expertise and innovation power — drive the increase in sales. Today, we are a leading technical partner for major OEM customers worldwide.

Renewable Energy was 10% of total company sales in 2022

Market Diversification

Mobile Industries

Process Industries

2008

2022

Product Diversification

Engineered Bearings

Industrial Motion Products

2008

2022

Channel Diversification

Original Equipment Manufacturers (OEM)

Distribution/End-Users

2008

2022

Successful Repositioning of the Company to Perform Through Cycles

Since 2008, Timken has transformed into a multi-product line bearings and industrial motion provider across mobile and process industries globally. Today, our diverse market mix, strong aftermarket position, improved pricing model, and optimized footprint prepares us to perform better through cycles. In addition, our strong free cash flow allows us to continue to invest through a cycle in organic and inorganic initiatives, all while returning capital to our shareholders.

* % of total 2022 Company sales

Clear Strategy to Deliver Shareholder Value

Our three key tenets:

Driving profitable organic growth

Be the technical leader in solving our customers’ toughest challenges
Expand both our product portfolio and geographic presence
Deliver best in class customer service experience with our differentiated technical sales model

Operating with excellence

Drive enterprise wide lean and continuous improvement efforts
Build a more cost effective global manufacturing footprint
Deliver efficiencies across our supply chains
Optimize processes and SG&A efficiency

Deploying capital to deliver shareholder value

Invest in organic growth and productivity initiatives
Pay an attractive dividend that grows over time with earnings
Broaden portfolio and reach through value accretive M&A
Return capital through share repurchases

Adjusted EBITDA Margin*

Attractive margin profile; higher and more consistent performance

Growth, price/mix, acquisitions and operational excellence delivering next-level results

Adjusted Earnings per Share*

Record earnings four out of five years; up ~25% YOY in 2022

Consistently growing the earnings power and cash generation of the company through varying macro-economic conditions

Proven Track Record

The results of our successful strategy speak for themselves. In more than a decade, we have continuously achieved our financial performance and delivered value for our shareholders. Organic and inorganic growth have supported the company’s earnings power, and we expect the top line and adjusted EBITDA to continue to grow as we further execute our strategy.

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* Click here for reconciliations of adjusted EBITDA and adjusted EPS to their most directly comparable GAAP financial measures.