NYSE$TKR
The Timken Company · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Timken's second-quarter performance aligned with expectations, featuring solid margins and strategic advancements.
Timken reported Q2 2024 sales of $1.18 billion, a 7.1% decrease from the previous year, with a net income of $96.2 million, or $1.36 per diluted share. Adjusted EPS was $1.63. The company updated its full-year outlook, expecting EPS of $5.00-$5.20 and adjusted EPS of $6.00-$6.20.
- Sales reached $1.18 billion, meeting company expectations.
- Second-quarter earnings per share (EPS) were $1.36; adjusted EPS was $1.63.
- Net income margin was 8.1 percent; adjusted EBITDA margin was 19.5 percent.
- Full-year 2024 outlook updated, with EPS expected to be $5.00-$5.20, and adjusted EPS of $6.00-$6.20.
Headline financials
Revenue & EPS history
Timken · Revenue · Quarterly
$1.18B
Revenue by segment
Timken · $1.14B total across 2 segments · Q3 2023
- Engineered Bearings$776M—67.9%
- Industrial Motion$367M—32.1%
Forward guidance
Timken updated its full-year 2024 outlook, expecting revenue to be down 3 to 4 percent. Earnings per diluted share are now forecasted to be in the range of $5.00 to $5.20 and adjusted earnings per diluted share in the range of $6.00 to $6.20.
Tailwinds
- Company delivered strong margins in both segments
- Continued to advance strategic initiatives
- Expect to generate significant free cash flow
- Focus on delivering resilient performance in 2024 through operational excellence
- Company remains well-positioned for profitable growth
Headwinds
- Revenue expected to be down 3 to 4 percent in total from 2023
- Lower end-market demand
- Organically, most platforms were lower as compared to the prior year
- Renewable energy saw the most significant organic decline
- Second-quarter sales decreased 7.1 percent from last year’s record level.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.4%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.7%
Avg return
30 days after
50%
34 / 68 earnings
Positive
+14.9%
Q4 2015
Best reaction
-14.6%
Q3 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.3% | +7.0% | +20.2% | |
| Q4 2025 | +3.2% | +13.3% | +3.7% | |
| Q3 2025 | +2.4% | +0.9% | +5.4% | |
| Q1 2025 | -1.6% | +1.7% | +4.9% | |
| Q4 2024 | +3.5% | +3.3% | -2.3% | |
| Q3 2024 | -5.0% | -7.8% | -8.7% | |
| Q2 2024 | -1.2% | -5.4% | -1.2% | |
| Q1 2024 | +0.9% | +3.2% | -0.3% | |
| Q4 2023 | -5.6% | -3.9% | -1.1% | |
| Q3 2023 | +2.6% | +3.6% | +8.0% | |
| Q2 2023 | -11.4% | -13.1% | -14.1% | |
| Q1 2023 | -4.0% | -1.6% | +1.2% | |
| Q4 2022 | -1.4% | -3.2% | +1.7% | |
| Q3 2022 | +0.2% | +4.0% | +9.6% | |
| Q2 2022 | +5.5% | +2.5% | +4.6% | |
| Q1 2022 | +5.6% | +2.4% | +4.0% | |
| Q4 2021 | -1.2% | -1.7% | -4.7% | |
| Q3 2021 | +1.2% | +2.5% | -8.3% | |
| Q2 2021 | -4.0% | -4.4% | -8.4% | |
| Q1 2021 | +4.2% | +2.0% | +5.6% | |
| Q4 2020 | -9.3% | -7.2% | +0.6% | |
| Q3 2020 | +5.5% | +13.0% | +32.1% | |
| Q2 2020 | +7.4% | +13.5% | +25.7% | |
| Q1 2020 | -2.6% | -3.4% | +13.2% | |
| Q4 2019 | -0.2% | +2.2% | -18.0% | |
| Q3 2019 | -0.1% | +8.1% | +7.2% | |
| Q2 2019 | -10.9% | -12.6% | -17.1% | |
| Q1 2019 | +5.4% | +7.2% | -8.2% | |
| Q4 2018 | -3.5% | -0.5% | -2.0% | |
| Q3 2018 | +1.5% | +8.1% | +5.9% | |
| Q2 2018 | +1.2% | +1.1% | +6.3% | |
| Q1 2018 | +6.3% | +8.2% | +10.6% | |
| Q4 2017 | -9.7% | -8.6% | -4.0% | |
| Q3 2017 | -5.4% | -8.8% | -8.8% | |
| Q2 2017 | -6.5% | -7.8% | -11.1% | |
| Q1 2017 | +1.1% | -0.2% | -4.4% | |
| Q4 2016 | +2.6% | +3.1% | +1.2% | |
| Q3 2016 | -5.6% | -6.7% | +13.3% | |
| Q2 2016 | +3.2% | +2.9% | +5.4% | |
| Q1 2016 | -1.5% | — | — | |
| Q4 2015 | +14.9% | — | — | |
| Q3 2015 | +7.9% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | -3.8% | — | — | |
| Q4 2014 | -6.2% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | -4.3% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | +3.3% | — | — | |
| Q3 2013 | -14.6% | — | — | |
| Q2 2013 | -5.5% | — | — | |
| Q1 2013 | +1.0% | — | — | |
| Q4 2012 | +2.7% | — | — | |
| Q3 2012 | +2.5% | — | — | |
| Q2 2012 | -0.3% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q1 2010 | +1.6% | — | — | |
| Q3 2011 | +8.7% | — | — | |
| Q2 2011 | -8.9% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q4 2010 | -7.6% | — | — | |
| Q4 2008 | -7.6% | — | — | |
| Q3 2009 | +6.0% | — | — | |
| Q3 2010 | +6.0% | — | — | |
| Q2 2009 | -0.5% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q4 2009 | -0.5% | — | — |
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