Loading...
•
Dec 31, 2024
Timken Q4 2024 Earnings Report
Reported fourth-quarter and full-year results, with sales of $1.07 billion, and diluted EPS of $1.01.
Key Takeaways
Timken reported fourth-quarter sales of $1.07 billion, a 1.6% decrease from the previous year. The company's diluted EPS was $1.01, with an adjusted EPS of $1.16. Net income for the quarter was $71.2 million. The company is planning for 2025 revenue in the range of -4% to -1% compared to 2024.
Sales of $1.07 billion in the fourth quarter, down 1.6 percent from last year.
Fourth-quarter diluted EPS of $1.01; adjusted EPS of $1.16.
Net cash provided by operations in the quarter was $178.5 million, and free cash flow was $124.9 million.
Company provides initial estimate for 2025 EPS of $4.30-$4.80, with adjusted EPS of $5.30-$5.80.
Timken
Timken
Timken Revenue by Segment
Revenue by Segment
Engineered Bearings Revenue
CapyFin.comIndustrial Motion Revenue
CapyFin.com Forward Guidance
The company is planning for 2025 revenue in the range of -4% to -1% in total compared to 2024 and setting an initial outlook for 2025 earnings per diluted share in the range of $4.30 to $4.80 and adjusted earnings per diluted share in the range of $5.30 to $5.80.
Positive Outlook
- Cost reduction actions are expected to generate gross savings of approximately $75 million in 2025.
- Team is focused on operational excellence and other initiatives to deliver resilient performance in 2025.
- Margins are expected to be supported by cost-reduction actions.
- Planning to generate higher free cash flow with improved working capital performance.
- Well positioned to capitalize on an industrial recovery when it occurs.
Challenges Ahead
- Continued economic uncertainty across the globe.
- Planning for 2025 revenue in the range of -4% to -1% in total compared to 2024, including unfavorable foreign currency translation.
- Global economic conditions to remain challenging to start the year.
- CEO succession expenses
- Impact of acquisitions
Revenue & Expenses
Visualization of income flow from segment revenue to net income