The Timken Co. Publishes Presentation on Company Overview, Strategy, and 2024 Key Metrics at Jefferies Industrials Conference
Reuters
Sep 03
The Timken Co. Publishes Presentation on Company Overview, Strategy, and 2024 Key Metrics at Jefferies Industrials Conference
The Timken Company recently presented at the Jefferies Industrials Conference, where it highlighted its position as a leader in engineered bearings and industrial motion. Operating with 19,000 employees across 45 countries, the company reported $4.6 billion in revenue for 2024, with a diverse sales mix across various sectors. The presentation detailed the company's sales distribution, with 56% from the Americas, 24% from Europe, the Middle East, and Africa, and 20% from the Asia-Pacific region. It also provided insights into its business segments, which include 66% in engineered bearings and 34% in industrial motion. The company's aftermarket and distribution channels were noted for their strong positions, contributing to recurring revenue at higher margins. You can access the full presentation through the link below.
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