The Timken Company (TKR) declared that it completed its previously announced acquisition of CGI, Inc. The acquisition of CGI will strengthen TKR's position as an international player in automation and robotics solutions.On Aug. 5, 2024, Timken revealed that it signed a deal to acquire CGI. TKR funded the deal using cash on hand and existing committed credit facilities.CGI's Portfolio Complements TimkenCGI, founded in 1967, is a family-owned company with a compelling product portfolio, a strong presence in h ...

NORTH CANTON, Ohio, Sept. 10, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, has completed its previously announced acquisition of CGI, Inc.CGI, Inc. manufactures precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The business employs approximately 130 people and is expected to generate around $45 million in sales in 2024.  About The Timken Company The Tim ...

文章核心观点 - 天肯公司(NYSE: TKR)宣布任命Tarak Mehta为公司新任总裁兼首席执行官 [1][2] - Mehta此前曾在ABB集团担任高管,拥有丰富的战略领导经验 [1] - 天肯公司董事会认为Mehta是引领公司未来发展的合适人选 [2] - 前任CEO Richard G. Kyle将转任顾问,协助领导层过渡,并于2025年2月退休 [2] 公司概况 - 天肯公司是一家全球技术领导者,专注于工程轴承和工业运动 [3] - 公司已有125年历史,致力于创新和提供客户中心的解决方案 [3] - 2023年公司销售额达48亿美元,在全球45个国家拥有19,000多名员工 [3] - 公司多次获得美国最具创新公司、最负责任公司等殊荣 [3] 新任CEO简介 - Tarak Mehta曾在ABB集团任职26年,担任集团执行委员会成员和运动业务总裁 [1] - Mehta是一位经验丰富的战略领导者,有着良好的业绩记录 [1] - 他擅长发展全球团队,实现卓越的运营管理 [1]

NORTH CANTON, Ohio, Aug. 29, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today issued its corporate social responsibility (CSR) report, providing an update on the company's actions to improve the lives of individuals and communities, benefit the planet and strengthen its business."Our deep experience and specialized expertise provide us with a unique perspective and ability to navigate a rapidly changing world ...

NORTH CANTON, Ohio, Aug. 15, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will participate in the Jefferies Industrials Conference in New York City on Wednesday, Sept. 4, 2024, with a presentation scheduled at 7:30 a.m. Eastern Time.Presenting on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer and Neil Frohnapple, vice president of investor relations. A live webc ...

NORTH CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Todd M. Leombruno to its Board of Directors. The election will bring The Timken Company Board to 11 members.Todd LeombrunoLeombruno has served as executive vice president and chief financial officer of Parker Hannifin Corp., a Fortune 250 global leader in motion and control technologies, since 2021. He sta ...

Shares of The Timken Company (TKR) have moved down 7% since it reported second-quarter 2024 results on Jul 31, 2024, despite an earnings beat. Investors seem to be worried about the year-over-year declines in its top and bottom lines, reflecting significantly lower renewable energy demand in China. TKR reported adjusted earnings per share (EPS) of $1.63 for the quarter, which marked an 18.9% year-over-year decline. However, the bottom line beat the Zacks Consensus Estimate of $1.60.On a reported basis, the ...

da-kukToo many people view investing as a form of gambling. But for value investors like myself, successful investing means playing the long game. Even though it would be great to see investments generate significant upside right out of the gate, it often requires time and patience in order for opportunities to play out. That is why I'm not disappointed with how things have been going when it comes to The Timken Company (NYSE:TKR). You see, back in April of this year, I wrote a bullish article about the ...

NORTH CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today declared a quarterly cash dividend of 34 cents per share. The dividend is payable on Aug. 30, 2024, to shareholders of record as of Aug. 20, 2024. Timken has paid a dividend on its common shares every quarter since its original listing on the New York Stock Exchange (NYSE) in 1922. The upcoming dividend repre ...

Addition will create unmatched portfolio of precision drives NORTH CANTON, Ohio, Aug. 5, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, has agreed to acquire CGI Inc., a Nevada-based manufacturer of precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The deal is subject to customary closing conditions, including regulatory approval, and is expected to close ...