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NORTH CANTON, Ohio - The Timken Company (NYSE: TKR), a leading global manufacturer in engineered bearings and industrial motion with a market capitalization of $4.8 billion, announced today the promotion of Timothy A. Graham to president of Industrial Motion. Graham steps into his new role effective immediately, following the retirement of former president Christopher A. Coughlin. According to InvestingPro data, the company maintains strong financial health with a current P/E ratio of 14.7.
Graham, who brings a wealth of experience from his previous position as vice president of operations for Engineered Bearings, has been with Timken since 2003. His tenure at the company is marked by leadership across various global operations, including acting president roles for American Roller Bearing and Aurora Bearing after their acquisition by Timken. Additionally, Graham has international management experience from his time leading European operations out of France.
Richard G. Kyle, president and CEO of Timken, praised Graham’s global experience and operational expertise, expressing confidence in his ability to drive profitable growth for the Industrial Motion business. Kyle also acknowledged Coughlin’s contributions and welcomed his support during the transition period.
Graham’s background includes significant roles in supply chain management, having held positions at International Paper and Thomas & Betts before joining Timken. He holds a bachelor’s degree from Kent State University and an executive MBA from the University of Memphis.
Timken, which reported $4.5 billion in trailing twelve-month revenue, is recognized for its innovation and customer-focused solutions that enhance reliability and efficiency across diverse industries. The company employs roughly 19,000 people worldwide and operates in 45 countries. Notable among its achievements is maintaining dividend payments for 55 consecutive years, demonstrating strong financial stability. InvestingPro subscribers can access detailed analysis of Timken’s financial health and growth prospects through comprehensive Pro Research Reports.
This leadership change comes as part of Timken’s ongoing strategy to strengthen its position as a leader in the Industrial Motion sector. Graham’s appointment is expected to continue the company’s trajectory of innovation and exceptional customer service. According to InvestingPro analysis, Timken’s stock currently trades below its Fair Value, suggesting potential upside opportunity for investors interested in the industrial motion sector.
The information for this article is based on a press release statement from The Timken Company.
In other recent news, Timken Company reported its first-quarter 2025 earnings, revealing an adjusted EPS of $1.40, which fell short of the anticipated $1.46. Despite this earnings miss, Timken surpassed revenue expectations with $1.14 billion, compared to the forecasted $1.13 billion. This revenue figure, however, marks a 4.2% decline year-over-year. The company is planning significant restructuring within its automotive OEM business, aiming to address ongoing challenges in key sectors such as heavy industries and automotive. Analysts from Oppenheimer and Morgan Stanley have shown interest in Timken’s strategies for mitigating tariff impacts and restructuring efforts. Timken’s renewable energy segment displayed promising growth potential, with expectations for mid-single-digit growth in 2025. The firm anticipates generating approximately $375 million in free cash flow and plans to achieve $75 million in cost savings. Despite the challenging market conditions, Timken remains focused on executing its strategic priorities, including navigating tariff impacts and maintaining operational excellence.
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