Advanced motion technology company posted 7.5% sales growth and lifted its full-year adjusted EPS forecast to $6.05-$6.35, while GAAP profit was hit by a belts-business impairment tied to an anticipated divestiture.
The Timken Company reported second-quarter 2026 sales of $1.26 billion, up 7.5% from a year earlier, and raised its full-year 2026 adjusted earnings outlook after stronger first-half performance. Adjusted diluted EPS rose to $1.83 from $1.42 and adjusted EBITDA reached $247.2 million, or 19.6% of sales, while diluted EPS fell to $0.41 from $1.12 because net income included an impairment charge tied to the anticipated divestiture of the company’s belts business. Timken said sales growth was driven by higher volumes in both segments, higher pricing, revenue from the Bijur Delimon acquisition and favorable foreign-currency translation, with organic sales up 4.4%. The company now expects 2026 GAAP EPS of $3.75 to $4.05 and adjusted EPS of $6.05 to $6.35, and said it is planning for revenue to rise about 5.5% at the midpoint from 2025. During the quarter, Timken increased its quarterly dividend by 3%, repurchased about 155 thousand shares, returned $45.0 million to shareholders, and ended June with net debt to adjusted EBITDA of 2.0 times.