Timken Shares Rise to 52-Week High on Outlook Boost, Strong 1Q

Dow Jones
May 06

By Connor Hart

 

Shares of Timken climbed after the company raised its outlook for the year and reported higher-than-expected first-quarter earnings.

The stock was up 13% to a 52-week high $123.41 in late Wednesday morning trading, extending its advance to 46% since the beginning of the year.

The bearings maker said before the bell that it now expects earnings of $4.70 to $5.20 a share for the year, or $5.75 to $6.25 a share on an adjusted basis. It had previously guided for earnings of $4.50 to $5 a share, and adjusted earnings of $5.50 to $6 a share.

Timken also projected revenue to now be up about 5% at the midpoint from last year, compared with a prior forecast of up 3% at the midpoint.

The higher outlook came after first-quarter results were higher than anticipated. Adjusted earnings came in at $1.67 a share, ahead of the $1.50 a share that analysts surveyed by FactSet expected. Sales climbed 8% to $1.23 billion, topping Wall Street models for $1.17 billion.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

May 06, 2026 11:19 ET (15:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10