The Timken Co.

The Timken Co.

The Timken Co.

Overview
Date Founded

1904

Headquarters

1835 Dueber Avenue SW,Canton, OH 44706-2798

Type of Company

Public

Employees (Worldwide)

18K

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 & Director

President & Chief Executive Officer

Chief Executive Officer

Executive Vice President & Chief Financial Officer

Vice President, General Counsel & Secretary

Chief Technology Officer

Benefit Plan Administrator

President of Bearings & Power Transmission Group, China

Chairman, Chief Executive Officer & President, Timkensteel Corporation

President, Industrial Group

Board of Directors

Co-Founder at AmGraph Packaging, Inc.

President & Chief Executive Officer at Lincoln Electric Holdings, Inc.

Former Fund Advisor at Luther King Capital Management Corp.

Operating Advisor at Blue Heron Capital Management LLC

Former Chief Financial Officer at Northrop Grumman Corp.

President & Chief Executive Officer at The Timken Co.

Former Chairman, Chief Executive Officer & President, Timkensteel Corporation at The Timken Co.

Former President-Manufacturing Operations at Eli Lilly & Company

Former President at AT&T Ohio

Former Logistics Director at United States European Command

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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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SouthernSun Asset Management is a research-driven investment manager specializing long-only domestic and global equity strategies for institutions and individuals. They are absolute return oriented, investing with a value approach and long-term perspective through disciplined, bottom-up, fundamental analysis and on-site research. SouthernSun invests with a long-term time horizon in niche-dominant, attractively-valued companies with financial flexibility and uniquely-fitted management teams. SouthernSun believes careful, in-depth analysis of a company’s financial strength, market position, and human capital is the most comprehensive method of assigning proper valuations, identifying opportunities, and reducing the risk of investment.

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DRZ follows a value income methodology with all of its value-income strategies. This value income philosophy is based on a belief that undervalued stocks with an above-average dividend yield and the existence of an imminent fundamental catalyst provide the opportunity for increased total returns with reduced volatility. Investments are selected based on three criteria: (1) low long-term relative valuation, (2) above average dividend yield, and (3) the existence of an imminent fundamental catalyst. The firm employs bottom-up stock selection process. Client portfolios are actively managed and are generally invested in equities subject to the investment strategy, objective selected and any investment restrictions or guidelines imposed by the client. DRZ sells a stock if the yield falls below the acceptable limit, relative price target has been achieved, and the company is not performing as expected or if the sector or country begins to look less favorable.

Recent Transactions
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The Timken Co. purchases Baier & Köppel GmbH & Co. KG

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

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The Timken Co., Timken Europe BV purchase Rollon SpA from Chequers Partenaires SA, Iniziativa Gestione Investimenti SGR SpA

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

Genuine Parts Co. engages in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. It operates through the following segments: Automotive, Industrial, Office Products, and Electrical/Electronic Materials. The Automotive segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles. The Industrial segment distributes a wide variety of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components, and related parts and supplies. The Office products segment distributes a wide variety of office products, computer supplies, office furniture, and business electronics. The Electrical/Electronic Materials segment distributes a wide variety of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus. The company was founded by Carlyle Fraser on May 7, 1928 and is headquartered in Atlanta, GA.

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.

Applied® (NYSE: AIT) is one of North America’s largest industrial distributors of bearings, power transmission components, hydraulic components and systems, pneumatic components and systems, industrial rubber products, linear components, tools, safety products, general maintenance and a variety of material handling products. We also provide customized mechanical, fabricated rubber and fluid power shop services, as well as services to meet storeroom management and maintenance training needs. As one of North America's largest industrial distributors, Applied is a vital link between a full scope of suppliers' capabilities and a broad range of customers' needs. We excel in the areas of product selection and application, system-wide logistics and engineered systems. We understand that partnering with the right industrial distributor is critical to your bottom line. Applied works closely with our customers to understand their needs and processes, and we use that knowledge to provide custom-fit products and services. The Applied network of more than 400 service center locations, 5,000 employee-associates, nine strategic distribution centers, and more than 40 specialty repair and rebuild shops ensures that the products and support you need are always close by. With locations throughout the U.S., Puerto Rico, Mexico, Canada, Australia and New Zealand, product, expertise and support are never far away. And while we may be national, our thinking is local, with knowledge of local markets and local companies. We are a familiar face in hometowns just like yours, supporting the communities in which we live. Our business partners appreciate and acknowledge our pursuit of providing the best service to our customers. Our success is measured by quality recognition awards from customers, suppliers, leading publications and governmental agencies alike

Key Stats and Financials As of 2019
Market Capitalization
$3.6B
Total Enterprise Value
$6B
Earnings Per Share
$4.71
Revenue
$3.79B
Total Equity
$1.95B
Total Debt
$1.83B
Net Profit
$362M
TEVNet Income
16.58x
Debt TEV
0.3x
EBITDAMargin
18.25%
Enterprise Value Sales
1.58x
EBITDA
$692M
Enterprise Value EBITDAOperating
8.54x
Three Year Compounded Annual Growth Rate Of Revenue
12.39%
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 following segments: Balancer and Measurement. The Balancer segment develops balancing systems and components for the machine tool industry. 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. Metal Manufacturing & Products | Canton, OH

TimkenSteel Corp. engages in the manufacture of alloy, carbon and micro-alloy steel products. It 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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