TIMKEN CO
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
TKR$109.19+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (Dollars in millions, except per share data) | |||
| Net sales | $4,769.0 | $4,496.7 | $4,132.9 |
| Cost of products sold | 3,259.9 | 3,164.7 | 2,983.6 |
| Selling, general and administrative expenses | 740.8 | 637.1 | 580.5 |
| Amortization of intangible assets | 65.7 | 43.9 | 46.8 |
| Impairment and restructuring charges | 45.5 | 44.1 | 8.9 |
| Operating Income | 657.1 | 606.9 | 513.1 |
| Interest expense | (110.7) | (74.6) | (58.8) |
| Interest income | 9.3 | 3.8 | 2.3 |
| Non-service pension and other postretirement (expense) income | (24.0) | 9.3 | 18.3 |
| Other (expense) income, net | (1.2) | 5.5 | 1.7 |
| Income Before Income Taxes | 530.5 | 550.9 | 476.6 |
| Provision for income taxes | 122.5 | 133.9 | 95.1 |
| Net Income | 408.0 | 417.0 | 381.5 |
| Less: Net income attributable to noncontrolling interest | 13.9 | 9.6 | 12.4 |
| Net Income Attributable to The Timken Company | $394.1 | $407.4 | $369.1 |
| Net Income per Common Share Attributable to The Timken Company Common Shareholders | |||
| Basic earnings per share | $5.52 | $5.54 | $4.86 |
| Diluted earnings per share | $5.47 | $5.48 | $4.79 |
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