TIMKEN CO recently released its 10-Q report for the quarter ended March 31, 2026. The Timken Company designs and manufactures engineered bearings, industrial motion products, and related services in the United States and abroad. It operates through two segments, Engineered Bearings and Industrial Motion, and serves a range of industrial markets under brands including Timken, GGB, Fafnir, Philadelphia Gear, Cone Drive, Rollon, Nadella, Groeneveld, BEKA, Lovejoy, and others.
In Item 2, management said Timken employs about 19,000 people in 44 countries and continues to focus on profitable growth, operational efficiency, and capital deployment. The company highlighted its March 18, 2026 acquisition of Bijur Delimon, which expanded its automated lubrication systems business, and noted that it paid its 415th consecutive quarterly dividend while repurchasing 0.3 million shares in the first quarter.
For the three months ended March 31, 2026, net sales rose 8.0% to $1.231 billion from $1.140 billion a year earlier. Net income attributable to Timken increased 25.4% to $98.2 million from $78.3 million, and diluted EPS rose to $1.40 from $1.11.
Operating income increased 17.1% to $168.6 million, with operating margin improving to 13.7% from 12.6%. Cost of products sold increased to $837.3 million from $781.6 million, SG&A rose to $201.2 million from $184.8 million, amortization of intangible assets increased to $20.6 million from $19.0 million, and impairment and restructuring charges fell to $3.6 million from $10.9 million.
Interest expense declined to $24.3 million from $26.5 million, while interest income fell to $1.7 million from $2.3 million. Net interest expense was $22.6 million, compared with $24.2 million in the prior-year quarter.
Income tax expense increased to $37.0 million from $26.9 million, and the effective tax rate rose to 25.9% from 22.7%.
Engineered Bearings posted net sales of $806.2 million, up 6.0% from $760.7 million. Excluding currency, sales rose 3.0% to $783.3 million, driven mainly by higher pricing. Adjusted EBITDA was essentially flat at $159.0 million versus $159.2 million, and margin declined to 19.7% from 20.9%.
Industrial Motion generated net sales of $425.1 million, up 12.0% from $379.6 million. Adjusted EBITDA climbed to $91.3 million from $67.1 million, and margin improved to 21.5% from 17.7%.
Management said full-year 2026 revenue is expected to rise about 5% from 2025, with earnings also expected to increase. The company expects about $530 million in operating cash flow in 2026, down from $554.3 million in 2025, and capital expenditures are expected to be about 3.4% of sales. As a result of these announcements, the company's shares have moved 9.69% on the market, and are now trading at a price of $120.255. For the full picture, make sure to review TIMKEN CO's 10-Q report.
