Timken Company (TKR) said it is increasing 2026 outlook, with full-year earnings per share now forecasted to be in the range of $4.70 to $5.20 and adjusted earnings per share in the range of $5.75 to $6.25. The company is planning for 2026 revenue to be up approximately 5 percent in total at the midpoint from 2025, an increase from its prior outlook of 3 percent growth at the midpoint.
The company posted net income in the first quarter of $98.2 million or $1.40 per share. This compares to net income of $78.3 million or $1.11 per share for the same period a year ago. Excluding special items, adjusted net income in the first quarter was $117.3 million or $1.67 per share. This compares to adjusted net income of $98.6 million or $1.40 per share for the same period in 2025. Sales in the first quarter were $1.23 billion, up 8 percent. Organically, sales were up 4.3 percent.
In pre-market trading on NYSE, shares are up 4.91 percent to $115.00.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.