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)

15K

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

Executive Vice President & Chief Financial Officer

Chief Technology Officer

Benefit Plan Administrator

President of Bearings & Power Transmission Group, China

Chairman, Chief Executive Officer & President, Timkensteel Corporation

Vice President, Group Controller

Executive Vice President, Human Resources

Executive Vice President & Group President

Vice President, Strategy & Business Development

Board of Directors

Co-Founder at AmGraph Packaging, Inc.

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

Former Chairman & Chief Executive Officer at A.O. Smith Corp.

Operating Advisor, Business Services at Blue Heron Capital Management LLC

Former Chief Financial Officer at Northrop Grumman Corp.

Chairman, Chief Executive Officer & President at TimkenSteel Corp.

President & Chief Executive Officer at The Timken Co.

Former President at AT&T Ohio

Former President-Manufacturing Operations at Eli Lilly & Company

Former Logistics Director at United States European Command

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Owners & Shareholders
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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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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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Atlantic Investment Management's (AIM) invests in global equities, with a singular focus on achieving superior capital appreciation through the consistent and disciplined implementation of a unique value investing approach, concentrating capital and research on high conviction investments. The firm also proactively engages with management teams and boards of directors of their portfolio companies in an effort to create value through an approach they refer to as Constructive Shareholder Activism.

Recent Transactions
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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

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The Timken Co. purchases Cone Drive Operations, Inc. from Clyde Blowers Capital IM LLP

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onThe Timken Co. purchases Torrington Co. from Ingersoll-Rand Plc

Accountant

Advised onThe Timken Co. purchases Torrington Co. from Ingersoll-Rand 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 Diamond Chain Co., Inc. from Amsted Industries, Inc.

Legal Advisor

Advised onBain Capital LP, Watermill Ventures Ltd., Bain Capital Credit LP, Hicks Holdings LLC purchase Latrobe Specialty Metals Company, Llc from The Timken Co., Latrobe Steel Co.

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

Kaman Corp. engages in the design, manufacture and distribution of aircrafts, aircraft parts and components. It operates through the following segments: Distribution and Aerospace. The Distribution segment offers power transmission, automation, assembly, fabrication, and repair services. The Aerospace segment produces and sells aircraft bearings, composite aero structures, and arming solutions for missile and bomb systems. The company was founded by Charles H. Kaman in 1945 and is headquartered in Bloomfield, CT.

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.

Key Stats and Financials As of 2018
Market Capitalization
$3.81B
Total Enterprise Value
$4.51B
Earnings Per Share
$3.87
Revenue
$3.58B
EBITDAMargin
16.91%
Total Equity
$1.64B
Total Debt
$1.68B
EBITDA
$605M
Net Profit
$303M
Enterprise Value EBITDAOperating
7.46x
TEVNet Income
14.91x
Debt TEV
0.37x
Enterprise Value Sales
1.26x
Five Year Compounded Annual Growth Rate Of Revenue
-3.78%
Three Year Compounded Annual Growth Rate Of Revenue
7.63%
Non-Profit Donations & Grants
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.

Quaker Chemical Corporation Oil & Gas | Conshohocken, PA

Since 1918, we have been establishing and maintaining long-term relationships with leading enterprises in primary metals, metalworking, and other basic process industries all over the world. Today, we have business and production presence in every major manufacturing country in the world. Quaker is a $683.2 million dollar company headquartered in Conshohocken, Pennsylvania, USA, with regional headquarter locations in Uithoorn, The Netherlands, Rio de Janeiro, Brazil and Shanghai, China. The company is publicly traded on the New York Stock Exchange, and has a long track record of financial consistency and strength. As the Company entered the 21st century, we began a major strategic action to better meet the changing needs of our customers. Now, as a global, knowledge-based company, we provide our best service, technology, and product resources to all of our customers—wherever they are in the world. While working hard to meet customers’ needs, we also strive to keep a strong sense of responsibility to our associates, to the communities in which we operate, and to the natural environment. As further evidence of our commitment to continuous improvement, our efforts at quality have been acknowledged by the International Organization for Standardization, with ISO 9001 ratings at our own facilities, as well as at customer sites where we deliver services and products directly. Many facilities are also ISO 14001 certified and rated by accredited companies such as Lloyd’s, British Standards Institute (BSI), and Det Norske Veritas (DNV)

Competitors
SKF AB Industrial Machinery & Manufacturing - Gothenburg, VG

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 in 1907 and is headquartered in Gothenburg, Sweden.

Schaeffler AG Industrial Machinery & Manufacturing - Herzogenaurach, BV

Schaeffler AG is a holding company, which engages in the supply of products and solutions for the automotive and industrial sectors. It operates through the following segments: Automotive OEM, Automotive Aftermarket and Industrial segments. The Automotive OEM segment organizes its business in the Engine Systems, Transmission Systems, E-Mobility, and Chassis Systems business divisions. The Automotive Aftermarket and Industrial segment both focuses on Europe, Americas, Greater China, and Asia/Pacific. The company was founded by Georg Schaeffler and Wilhelm Schaeffler in 1946 and is headquartered in Herzogenaurach, Germany.

JTEKT Corp. Auto Parts & Tires - Osaka, OS

JTEKT Corp. engages in the manufacture and sale of bearings, machine tools, driveline components, and steering products. It operates through the Machinery Parts and Machine Tools segments. The Machinery Parts segment includes the automotive components business, that produces electric and hydraulic power steering, driveshaft, propeller shaft, Torsen LSD, and couplings; and the bearing business, which manufactures ball bearings, roller bearings, bearing units, and other kinds of bearings. The Machine Tools segment includes the machine tool and mechatronics business, which offers grinding and cutting machines, control equipment, and industrial treatment furnaces. The company was founded on January 18, 1935 and is headquartered in Osaka, Japan.

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