Timken (TKR) reported Q1 adjusted earnings Wednesday of $1.40 per diluted share, down from $1.77 a year earlier.

Analysts polled by FactSet expected $1.42.

Net sales for the quarter ended March 31 were $1.14 billion, compared with $1.19 billion a year earlier.

Analysts surveyed by FactSet expected $1.13 billion.

The company reduced its 2025 adjusted EPS outlook to a range of $5.10 to $5.60 from $5.30 to $5.80 previously due to the impact of tariffs and the expected slightly lower demand for the rest of the year. Analysts surveyed by FactSet expect $5.39.

Revenue growth for the full year is now expected to be in the range of down 2.5% to flat, compared with the previous outlook of a decline of 1% to 4%.

Shares of the company were up 2.3% in recent premarket activity.