Timken reports fourth-quarter and full-year 2024 results

Sales of $1.07 billion in the fourth quarter, down 1.6 percent from last year fourth-quarter diluted eps of $1.01; adjusted eps of $1.16 full-year 2024 diluted eps of $4.99; adjusted eps of $5.79 cash from operations of $476 million; free cash flow of $306 million for the full year company provides initial estimate for 2025 eps of $4.30-$4.80, with adjusted eps of $5.30-$5.80 (usd in millions) 4q-24 4q-23 % change  fy-2024 fy-2023 % change net sales $1,073.6 $1,091.2 (1.6 %) $4,573.0 $4,769.0 (4.1 %) net income margin 6.6 % 5.4 % 120 bps 7.7 % 8.3 % (60 bps) adjusted ebitda margin 16.6 % 17.9 % (130 bps) 18.5 % 19.7 % (120 bps) diluted eps $1.01 $0.83 21.7 % $4.99 $5.47 (8.8 %) adjusted eps $1.16 $1.37 (15.3 %) $5.79 $7.05 (17.9 %) north canton, ohio , feb. 5, 2025 /prnewswire/ -- the timken company (nyse: tkr; www.timken.com), a global technology leader in engineered bearings and industrial motion, today reported fourth-quarter 2024 sales of $1.07 billion, down 1.6 percent from the same period a year ago. the decrease was driven primarily by lower end-market demand in europe and unfavorable foreign currency translation, partially offset by the benefit of acquisitions.
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