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Timken Q3 profit beats expectations on industrial motion demand; raises outlook

By Reuters News


Overview

  • US advanced motion technology maker's Q3 sales rose 4.7% yr/yr, meeting analyst expectations

  • Adjusted EPS for Q3 increased 20% yr/yr, beating analyst expectations

  • Company raised full-year 2026 EPS outlook


Outlook

  • Timken raises 2026 EPS outlook to $4.05-$4.20; adjusted EPS now $6.35-$6.50

  • Company expects 2026 revenue to rise about 5.5% from 2025

  • Company expects 2027 organic sales to grow mid-single digits over 2026


Result Drivers

  • INDUSTRIAL MOTION DEMAND - Higher volumes in Industrial Motion, revenue from the Bijur Delimon acquisition and higher pricing drove sales growth

  • TARIFF REFUNDS - Adjusted EBITDA benefited from $12.4 mln in IEEPA tariff refunds

  • BELTS BUSINESS SALE - Sale of belts business expected to improve Industrial Motion segment margins


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Meet

$1.21 bln

$1.21 bln (9 Analysts)

Q3 Adjusted EPS

Beat

$1.65

$1.48 (10 Analysts)

Q3 EPS

$1.34

Q3 Adjusted Net Income

Beat

$115.10 mln

$103.24 mln (7 Analysts)

Q3 Net Income

$93.80 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for Timken Co is $137.50, about 18.9% above its November 3 closing price of $115.66

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 20 three months ago


Reuters Recommended Reads

  • Nov 4 - Ralliant Q3 revenue beats estimates, lifts 2026 outlook

  • Nov 3 - AMETEK Q3 sales beat estimates, raises outlook

  • Nov 3 - Regal Rexnord Q3 sales beat estimates on data center demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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