In the first quarter of 2026, Timken (NYSE: TKR) saw improvements across all key financial metrics and has raised its full-year outlook accordingly.

 

 

Quarterly Results: First-quarter revenue was $1.231 billion, an 8% increase year-over-year, with organic growth of 4.3%; net margin was 8.0%, up 110 basis points year-over-year; adjusted EBITDA margin was 18.8%, up 60 basis points year-over-year; and adjusted earnings per share were $1.67, a 19.3% increase year-over-year.

 

 

“We’ve had a strong start to 2026, with double-digit earnings growth and continued margin expansion compared to the same period last year. Our upward revision of the full-year outlook reflects both our confidence in current performance and the continued improvement in customer demand across multiple end markets.

 

The Timken team is taking proactive steps to accelerate earnings growth and create substantial value for shareholders. The recently announced acquisition of Bijur Delimon and the planned divestiture of our belt business are concrete examples of how we are optimizing our portfolio using the 80/20 principle and resolutely driving margin improvement. As we methodically advance our strategic priorities, our growth momentum continues to build.”

 

 

 

— Lucian Boldea

 

President and CEO, Timken

 

 

Segment Performance

 

The Engineering Bearings segment reported revenue of $806 million, up 6% year-over-year; the Industrial Drives segment reported revenue of $425 million, up 12% year-over-year, with the adjusted EBITDA margin rising significantly from 17.7% to 21.5% year-over-year, demonstrating strong momentum.

 

 

Strategic Initiatives

 

Timken completed the acquisition of Bijur Delimon, a leading manufacturer of automatic lubrication systems with a deep customer base in the rail, power, and mining markets, further strengthening the Industrial Drives business’s presence in key industries. At the same time, the company announced the sale of its belt business to continue optimizing its portfolio and improving its profit structure based on the 80/20 principle.

 

 

Full-Year Outlook Raised

 

Based on first-quarter performance and improving demand, Timken has raised its full-year outlook: the midpoint of net sales growth is now projected at +5%, and adjusted diluted earnings per share are projected at $5.75 to $6.25.