Bearings maker Timken beats Q3 profit estimates, updates FY forecast

Overview

• Timken Q3 sales rise 2.7% to $1.16 bln, beating analyst expectations

• Adjusted EPS for Q3 2025 beats estimates, rising to $1.37

• Company updates full-year 2025 outlook, expects adjusted EPS of $5.20-$5.30

Outlook

• Timken updates 2025 EPS forecast to $3.90-$4.00, adjusted EPS to $5.20-$5.30

• Company expects 2025 revenue to decline by approximately 0.75% at midpoint

Result Drivers

• SALES GROWTH - Higher pricing, favorable foreign currency translation, and CGI acquisition drove sales increase

• ENGINEERED BEARINGS - Segment sales rose 3.4% due to higher renewable energy demand and pricing

• INDUSTRIAL MOTION - Segment sales up 1.3% with CGI acquisition and higher pricing offsetting lower services revenue

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for Timken Co is $83.00, about 7% above its October 28 closing price of $77.22

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPn49p6NVa

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