Timken Company (TKR) Melius Research Conference presentation summary

Company overview and financial highlights

• Generated $4.6B in revenue and $845M in adjusted EBITDA for 2024, with an 18.5% adjusted EBITDA margin.

• Engineered Bearings accounted for 66% of sales, Industrial Motion 34%; 56% of sales from Americas.

• Maintained 103+ years of consecutive quarterly dividends and a 1.9% dividend yield as of year-end 2024.

• 19,000 employees operate in 45 countries, supporting a global presence.

Capital allocation and shareholder returns

• Over $1.6B in free cash flow generated over the last five years, with $306M in 2024.

• Repurchased 31.5M shares since 2013 for ~$1.58B, reducing basic shares outstanding by ~25%.

• 10 million shares authorized for repurchase through February 2026, with 1.5 million remaining as of September 2025.

• Paid 414th consecutive quarterly dividend in December 2025, marking 12 consecutive years of annual dividend increases.

Strategic priorities and operational focus

• Near-term focus on cost actions, margin improvement, and mitigating tariff impacts.

• Portfolio optimization to structurally improve margins and invest in profitable verticals.

• Continued integration of acquisitions to drive synergies and accelerate global revenue growth.