Timken (TKR) FY2024 results: revenue $4.6 billion, down 4.1% on the year
Timken Co. (TKR) reported revenue of $4.6 billion for fiscal 2024, the year ended 31 December 2024, down 4.1% on the year before. Net income was $353 million, down 10.5%, and diluted earnings per share $4.99. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$4.6 billion
-4.1% on the year
FY2017FY2024
Operating margin
13.4%
13.8% a year earlier
FY2017FY2024
Net income
$353 million
-10.5% on the year
FY2017FY2024
Diluted EPS
$4.99
-8.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
476
545
464
-12.7%
Capital expenditure
170
188
178
-9.5%
Free cash flow
306
357
285
-14.5%
Free cash flow margin
6.7%
7.5%
6.3%
Cash from investing
-305
-806
-573
Cash from financing
-195
347
207
Depreciation and amortisation
222
201
164
+10.2%
Share-based compensation
25.9
30.6
30.4
-15.4%
Buybacks
40.5
251
212
-83.9%
Dividends paid
96.1
94.0
91.7
+2.2%
Dividend per share
$1.35
$1.30
$1.23
+3.8%
Diluted shares, weighted
71m
72m
74m
-1.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,826
2,582
2,268
+9.5%
Non-controlling interest
158
120
84.6
+31.3%
Short-term borrowings
8.7
n/a
n/a
Debt
2,054
2,396
1,963
-14.3%
Operating lease liabilities
84.0
78.7
65.2
+6.7%
Finance lease liabilities
6.1
6.1
1.9
0.0%
Other liabilities
1,274
1,359
1,389
-6.2%
Total liabilities and equity
6,411
6,542
5,772
-2.0%
Fixed assets
n/a
n/a
1,207
Goodwill
1,383
1,370
1,098
+1.0%
Intangible assets
1,006
1,031
765
-2.4%
Cash and equivalents
373
419
332
-10.9%
Receivables
665
672
700
-1.1%
Inventory
1,196
1,229
1,191
-2.7%
Other assets
1,788
1,821
479
-1.8%
Total assets
6,411
6,542
5,772
-2.0%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.