Loading...
•
Mar 31
Timken Q1 2025 Earnings Report
Timken reports first quarter 2025 results
Key Takeaways
Timken reported a decrease in first-quarter 2025 sales and net income compared to the prior year, driven by lower end-market demand and unfavorable foreign currency translation. Despite the challenges, the company posted solid results and generated positive free cash flow, while returning cash to shareholders through dividends and share repurchases.
First-quarter 2025 sales were $1.14 billion, down 4.2% year-over-year.
Net income for the quarter was $78.3 million, or $1.11 per diluted share.
Adjusted net income was $98.6 million, or $1.40 per diluted share.
Net cash provided by operations was $58.6 million and free cash flow was $23.4 million.
Timken
Timken
Timken Revenue by Segment
Revenue by Segment
Engineered Bearings Revenue
CapyFin.comIndustrial Motion Revenue
CapyFin.com Forward Guidance
Timken is reducing its full-year 2025 outlook, forecasting earnings per diluted share between $3.90 and $4.40 and adjusted earnings per diluted share between $5.10 and $5.60. The company anticipates 2025 revenue to be in the range of -2.5% to 0% compared to 2024.
Positive Outlook
- Reaffirming full-year cost reduction target of approximately $75 million in gross savings.
- Actively implementing pricing and other tactics to mitigate tariff impacts.
- Confident in navigating challenges with a solid balance sheet and proven strategy.
- Experienced management team committed to advancing the company.
- Significant U.S. footprint.
Challenges Ahead
- Reducing full-year 2025 earnings outlook.
- Updated outlook reflects estimated net impact from tariffs.
- Expectation for slightly lower demand over the rest of the year.
- Estimates a net direct impact from tariffs of approximately $25 million in 2025.
- Lower end-market demand in both segments impacting sales.