The Timken Co.

The Timken Co.

The Timken Co.

Overview
Date Founded

1899

Headquarters

4500 MOUNT PLEASANT STREET NW, NORTH CANTON, OH, 44720

Type of Company

Public

Employees (Worldwide)

17K

Industries

Industrial Machinery & Manufacturing
Computer Software
Aerospace & Defense
Wholesale: Industrial Products & Manufacturing
Metal Manufacturing & Products

Company Description

the Timken Co As a global industrial technology leader, we apply our deep knowledge of metallurgy, friction management and power transmission to improve the reliability and efficiency of machinery all around the world. We engineer, manufacture and market mechanical components and high-performance steel. Our bearings, engineered-steel bars and tubes -- as well as transmissions, gearboxes, chain and related products and services -- support diversified markets worldwide.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Vice President, General Counsel & Secretary

Chief Technology Officer

Vice President, Sales & Managing Director of Europe

President of Timken China

President of Timken China

Vice President, Group Controller

Managing Director & Director of Manufacturing-India

Executive Vice President, Human Resources

Board of Directors

Co-Founder at AmGraph Packaging, Inc.

Chairman & Chief Executive Officer at RPM International, Inc.

Former President & Chief Executive Officer at A. O. Smith Corporation

Operating Advisor at Blue Heron Capital Management LLC

Former Chief Financial Officer at Northrop Grumman Corp.

President & Chief Executive Officer at The Lincoln Electric Co.

Former Chairman & Chief Executive Officer at TimkenSteel Corp.

Former President at AT&T Ohio

Former President, Manufacturing Operations at Eli Lilly & Company

President & Chief Executive Officer at The Timken Co.

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Owners & Shareholders
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EARNEST Partners is an institutional investment firm with a global network that we believe enables us to see and to seize opportunities that other investors overlook or cannot access. The firm manages approximately $20 billion in assets for clients around the world, including corporate pension plans, state and municipal pension plans, jointly-trusteed plans, foundations, endowments and sovereign wealth funds. We also manage portfolios for high net worth individuals through the platforms of some of the largest broker dealers in the world. In addition to our separate account business, EARNEST Partners is the sole subadvisor for the Hancock Horizon Diversified International Fund, the Touchstone Total Return Bond Fund and the Harbor Small Cap Value Fund. The Firm manages Approximately $20 Billion in assets for clients around the world. Local Touch We are fundamental, bottom-up investors; our investment decisions focus on the merits of individual securities. We believe the best investment decisions are thoughtfully distilled from a pool of expertise, and we are pleased to offer our clients a team with the experience and the network to assess the relevant geopolitical issues, demographic trends and cultural considerations impacting our investments. As a component of our due diligence process, investment team members regularly perform company visits across the Americas, the Asia Pacific region, Western and Eastern Europe, the Middle East and the Sub-continent. Collectively, EARNEST Partners' stakeholders have lived and worked in dozens of countries, and are fluent in the language, commerce and culture of diverse economies that represent a significant portion of the world's economic value and future growth. We believe that identifying the most attractive investment opportunities takes the proper focus: a global focus.

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VNIM provides both equity and fixed income management. For their equity strategy, the firm seeks to achieve long-term capital appreciation by investing in companies at valuations that VNIM believes are materially below their long-term intrinsic value. They employ long-time horizon to exploit shorter-term volatility and poor shorter-term price discovery. VNIM primarily utilizes a fundamental, bottom-up investment process. For their fixed income strategy, the firm aims to maximize total return while preserving capital. They believe active, risk-controlled management, founded on research-driven analyses, can uncover relative values that, over the long-term, produce returns with less risk.

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SouthernSun is a research-driven investment manager that implements long-only domestic and global equity strategies. They are absolute return oriented, which invest with a value approach and long-term perspective through disciplined, bottom-up, fundamental analysis and on-site research. The firm invests with a long-term time horizon in niche-dominant, attractively-valued companies with financial flexibility and uniquely-fitted management teams.

Recent Transactions
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The Timken Co. purchases Aurora Bearing Company

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The Timken Co. purchases Groeneveld-Beka GmbH

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The Timken Co. purchases Diamond Chain Co., Inc. from Amsted Industries, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onThe Timken Co. purchases Torrington Co. from Trane Technologies Plc

Accountant

Advised onThe Timken Co. purchases Torrington Co. from Trane Technologies Plc

Investment Advisor

Advised onJTEKT Corp. purchases The Timken Co. /Needle Roller Bearings Business from The Timken Co.

Legal Advisor

Advised onThe Timken Co. purchases Philadelphia Gear Corp. from Wind River Holdings LP

Legal Advisor

Advised onThe Timken Co. purchases Philadelphia Gear Corp. from Wind River Holdings LP

Legal Advisor

Advised onThe Timken Co. purchases Diamond Chain Co., Inc. from Amsted Industries, Inc.

Advisors & Consultants
Legal Advisor

Partner, Practice Leader Banking, Finance & Securities at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Clients

Huntington Ingalls Industries, Inc. engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines. The Technical Solutions segment provides professional services, including fleet support, integrated missions solutions, nuclear and environmental, and oil and gas services. The company was founded on August 4, 2010 and is headquartered in Newport News, VA.

Wajax Corp. engages in providing industrial products and services. It operates through the following segments: Equipment, Power Systems, and Industrial Components. The company was founded by Bernard Joseph Coghlin in 1858 and is headquartered in Mississauga, Canada.

A. M. Castle & Co. (NYSE:CAS) is the foremost provider of specialty products, services, and supply chain solutions. We are recognized as a leading distributor of carbon, alloy, stainless steel, nickel alloys, aluminum, titanium, cast iron, brass, copper, and plastic, as well as a global resource for complex supply chain solutions. Operating in more than 55 locations throughout North America, Europe and Asia, we work with international OEMs to better serve their multi-location production requirements and delivery needs. We also leverage our long-standing metals experience and focus on processing and other value-added services to better meet the unique requirements of industries such as aerospace, defense, oil and gas, power generation and heavy equipment. By expanding our capabilities and services, A. M. Castle is growing to serve the more complex requirements of customers who are outsourcing non-core functions. Our highly regarded H-A Industries, a state-of-the art bar processing facility, provides an extensive range of thermal treating and finishing services. In addition, we offer a comprehensive range of (high value added) processing services for plate, sheet, tubing, and bar products from many of the locations in our North American network. Today, A. M. Castle is continuing to expand globally. Since acquiring full ownership of Castle de Mexico in early 2004, we have seen this organization grow rapidly. With the acquisition of Transtar Metals in 2006, we have further extended our global footprint with two locations in Europe, along with a strong network of agents throughout Asia; more than a third of Castle Metals Aerospace’s customers are located outside North America. To accommodate this accelerated growth in products, services and customer support, we are continuing to expand and strengthen our infrastructure. This work includes key efforts in an organization-wide ERP (Enterprise Resource Planning) system, as well as re-engineering in specific facilities. More importantly, A. M. Castle continues to focus on developing the strongest service team in our industry. We are committed to developing our team to ensure that we have the right people, with the capabilities and experience needed, to provide our customers with best-in-class service and support

Key Stats and Financials As of 2020
Market Capitalization
$6.94B
Total Enterprise Value
$7.29B
Earnings Per Share
$3.72
EBITDAMargin
18.31%
EBITDA
$643M
Net Profit
$284M
Revenue
$3.51B
Total Equity
$2.23B
Total Debt
$1.67B
Enterprise Value / Sales
2.08x
Enterprise Value EBITDAOperating
11.18x
TEVNet Income
25.63x
Debt TEV
0.23x
Three Year Compounded Annual Growth Rate Of Revenue
5.36%
Non-Profit Donations & Grants
$1,500 - $2,499
2019
$100K - $250K
2019
$1 - $250K
2018
Political Donations
Suppliers
Schmitt Industries, Inc. Appliances & Electronics | Portland, OR

Schmitt Industries, Inc. designs, manufactures and markets measurement and process control systems. It operates through the Measurement segments. The Measurement segment assembles laser based test and measurement solutions. The company was founded by Wayne A. Case in 1987 and is headquartered in Portland, OR.

NN, Inc. Industrial Machinery & Manufacturing | Johnson City, TN

NN, Inc. is an independent global manufacturer offering a comprehensive product line of high-quality precision bearing components, industrial plastic and rubber products and precision metal components to a variety of markets, including the automotive industry, original equipment manufacturers, HVAC, heavy equipment and many other markets. NN, Inc.'s operations are divided into three units: Metal Bearing Components, Plastic and Rubber Components, and Precision Metal Components. The Metal Bearing Components segment includes the U.S. Ball and Roller Division, NN Europe and NN Asia. The U.S. Ball & Roller Division supplies precision steel balls and cylindrical rollers for various applications including bearings, automotive parts, hydraulic motors, oil drilling and mining. NN Europe provides precision steel balls, tapered rollers and stamped steel components for various applications including bearings and automotive parts. NN Europe includes a total of three manufacturing facilities within the European Union. NN Asia currently offers precision steel balls to customers throughout Asia. The operation is located in Kunshan, Peoples Republic of China, approximately 50 kilometers from the Shanghai, and also serves as NN’s headquarters for the Asia / Pacific region. The Plastic and Rubber Components segment includes Industrial Molding Corporation and Delta Rubber Company. Industrial Molding Corporation provides precision injection molded plastic parts for bearings, the automotive industry and a variety of other applications. Delta Rubber Company supplies rubber sealing solutions for bearings, oil drilling and other industries. The Precision Metal Components segment is comprised of the two manufacturing facilities of Whirlaway Corporation. Acquired in 2006, Whirlaway Corporation supplies a variety of high-precision metal components including fluid control components and assemblies, shafts and other precision metal parts manufactured at two plants in Ohio. NN, Inc. is a publicly traded company with stock available on the NASDAQ Exchange under the symbol NNBR.

TimkenSteel Corp. Industrial Machinery & Manufacturing | Canton, OH

TimkenSteel Corp. engages in the manufacture of alloy, carbon and micro-alloy steel products. The firm's products includes special bar quality steel, seamless mechanical tubing, gears, grades of steel, jumbo bloom vertical caster, TimkenSteel ultrapremium technology, and TimkenSteel endurance steels. Its services include thermal treatment, value added components, technical support and testing, supply chain, and TimkenSteel portal. The company was founded on October 24, 2013 and is headquartered in Canton, OH.

Competitors
Rexnord Corp. Industrial Machinery & Manufacturing - Milwaukee, WI

Rexnord Corp. engages in the manufacture of engineered power transmission, aerospace, and other precision motion technology products. The firm operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services a range of engineered mechanical components used within systems. The Process & Motion Control portfolio includes motion control products, shaft management products, aerospace components and related value-added services. Its Process & Motion Control brands include Rexnord, Rex, Euroflex, Falk, FlatTop, Link-Belt, Thomas and Tollok. The Water Management platform designs, procures and markets products that provide and enhance water quality, safety, flow control and conservation. The Water Management product portfolio includes professional grade water control and safety, water distribution and drainage, finish plumbing and site works products. Its products are marketed and sold under various brand names, including Zurn, Wilkins and VAG.The company was founded by Christopher W. Levalley, F. W. Sivyer and W. A. Draves in 1891 and is headquartered in Milwaukee, WI.

Regal Beloit Corp. Industrial Machinery & Manufacturing - Beloit, WI

2012 Marks the 57th Year... ...of operation for Regal, a leading international manufacturer of electrical and mechanical motion control components headquartered in Beloit, Wisconsin. From electric motors and generators to gear reducers, and electronic switchgear, Regal Beloit's products are often concealed within, but essential to the function of much of the equipment powering the world. You will find Regal Beloit products in home furnaces, pumps, elevators, conveyors, x-ray machines, office equipment, power stations and thousands of other critical uses. Regal's strength is in its market diversity as it serves an expansive array of markets from heavy industry to high technology. Markets include Heating Ventilating and Air Conditioning (HVAC), food processing, medical, material handling, petro-chemical, construction, manufacturing, agriculture and mining, to name a few. Few companies can match Regal's abilities to adapt and modify products to required specifications and deliver consistent quality, at a fair price and a time dictated by the customer. Regal's ongoing success can be attributed, in part, to an aggressive acquisition program, which has become a company hallmark. 2004 saw two major motor acquisitions from General Electric (GE), which effectively doubled the size of Regal Beloit. In 2011, the Company made another key acquisition when it purchased A.O. Smith's Electrical Products Company (EPC). With this acquisition, the Company will be able to offer new energy saving products, a broader product offering and better operating efficiencies. Regal stock is traded on The New York Stock Exchange® under the symbol RBC

SKF AB Industrial Machinery & Manufacturing - Gothenburg, Swe

SKF AB engages in the manufacture of machine and rotating equipment. It operates through the Industrial Market and Automotive Market business segments. The Industrial Marget segment comprises of Industrial Sales Americas, Industrial Sales Europe and Middle East and Africa, Industrial Sales Asia, Industrial Units, Bearing Operations, and Aerospace. The Automotive Market segment provides a range of products, solutions, and services to manufacturers of cars, light trucks, heavy trucks, trailers, buses, two-wheelers, and the vehicle aftermarket. The company was founded by Sven Wingquist on February 16, 1907 and is headquartered in Gothenburg, Sweden.

Awards & Honors
Rank #757
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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