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Timken Reports Strong Second-Quarter 2023 Results

PR Newswire - Thu Aug 3, 2023

NORTH CANTON, Ohio, Aug. 3, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, today reported second-quarter 2023 sales of $1.27 billion, up 10.3 percent from the same period a year ago. The increase was driven by the benefit of acquisitions (net of divestitures) and continued organic growth in both segments led by Industrial Motion, partially offset by unfavorable foreign currency translation.

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