TIMKEN CO
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
TKR$109.19+0.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (Dollars in millions, except per share data) | |||
| Net sales | $4,573.0 | $4,769.0 | $4,496.7 |
| Cost of products sold | 3,132.3 | 3,259.9 | 3,164.7 |
| Selling, general and administrative expenses | 752.0 | 740.8 | 637.1 |
| Amortization of intangible assets | 78.0 | 65.7 | 43.9 |
| Impairment and restructuring charges | 13.4 | 45.5 | 44.1 |
| Gain on sale of real estate | (13.8) | — | — |
| Operating Income | 611.1 | 657.1 | 606.9 |
| Interest expense | (125.1) | (110.7) | (74.6) |
| Interest income | 14.9 | 9.3 | 3.8 |
| Non-service pension and other postretirement (expense) income | (2.6) | (24.0) | 9.3 |
| Other (expense) income, net | (4.1) | (1.2) | 5.5 |
| Income Before Income Taxes | 494.2 | 530.5 | 550.9 |
| Provision for income taxes | 118.9 | 122.5 | 133.9 |
| Net Income | 375.3 | 408.0 | 417.0 |
| Less: Net income attributable to noncontrolling interest | 22.6 | 13.9 | 9.6 |
| Net Income Attributable to The Timken Company | $352.7 | $394.1 | $407.4 |
| Net Income per Common Share Attributable to The Timken Company Common Shareholders | |||
| Basic earnings per share | $5.02 | $5.52 | $5.54 |
| Diluted earnings per share | $4.99 | $5.47 | $5.48 |
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