The Timken Company reported second-quarter 2026 results with sales of $1.26 billion, up 7.5 percent year-over-year, driven by higher volumes, pricing, and the Bijur Delimon acquisition. Diluted EPS was $0.41, while adjusted diluted EPS rose 28.9 percent to $1.83. The company raised its full-year 2026 earnings outlook, now expecting diluted EPS of $3.75-$4.05 and adjusted EPS of $6.05-$6.35. Timken also announced a 3 percent increase in its quarterly dividend and repurchased approximately 155 thousand shares during the quarter. The company operates in the advanced motion technology industry, designing and manufacturing engineered bearings and industrial motion systems.

The Timken Company appointed Stephen P. Ribaudo as Executive Vice President and Chief Operating Officer effective September 1, 2026. Mr. Ribaudo joins from Carrier Global Corporation, where he served as Senior Vice President and General Manager of Commercial HVAC Americas. His compensation package includes a $670,000 annual base salary, an $80% target short-term incentive, long-term equity awards with a first-year value of at least $1,794,000, a $250,000 sign-on payment, and a $1,000,000 make-whole RSU award. Concurrently, Timothy A. Graham will be appointed Executive Vice President and Chief Commercial Officer to lead enterprise-wide commercial strategy and sales execution upon Mr. Ribaudo's start date. The Timken Company manufactures bearings, power transmission products, and industrial seals.

The Timken Company entered into a $1.2 billion unsecured revolving credit facility via a Sixth Amended and Restated Credit Agreement dated July 2, 2026. The facility matures on July 2, 2031, and will be used to refinance existing debt and for general corporate purposes including working capital and capital expenditures. The Timken Company is a manufacturer of engineered bearings and industrial components.