• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Timken Completes Acquisition of CGI, Inc.

    9/10/24 6:51:00 AM ET
    $TKR
    Metal Fabrications
    Industrials
    Get the next $TKR alert in real time by email

    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.

    The Timken Company Logo. (PRNewsfoto/The Timken Company)

    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 Timken Company (NYSE:TKR, www.timken.com), a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. The company posted $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries. Timken is one of the World's Most Innovative Companies, according to Fast Company, and has been recognized among America's Most Responsible Companies, America's Greatest Workplaces and America's Greatest Workplaces for Diversity by Newsweek, Best Companies to Work For by U.S. News & World Report, the World's Most Ethical Companies® by Ethisphere and America's Most Innovative Companies by Fortune.

    Safe Harbor

    Certain statements in this release (including statements regarding the company's forecasts, estimates, plans and expectations) that are not historical in nature are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, the statements related to expectations regarding the expected future financial performance of the newly acquired business are forward-looking. The company cautions that actual results may differ materially from those projected or implied in forward-looking statements due to a variety of important factors, including: the inability to complete the acquisition due to either the failure to satisfy any condition to the closing of the transaction, including receipt of regulatory approval, or the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement; the inability to successfully integrate the newly acquired business into the company's operations or achieve the expected synergies associated with the acquisition; negative impacts to the newly acquired business as a result of global conflicts and hostilities; and adverse changes in the markets served by the newly acquired business. Additional factors are discussed in the company's filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended Dec. 31, 2023, quarterly reports on Form 10-Q and current reports on Form 8-K. Except as required by the federal securities laws, the company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    Media Relations:

    Scott Schroeder

    234.262.6420

    [email protected] 

    Investor Relations:

    Neil Frohnapple

    234.262.2310 

    [email protected] 

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/timken-completes-acquisition-of-cgi-inc-302242451.html

    SOURCE The Timken Company

    Get the next $TKR alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $TKR

    DatePrice TargetRatingAnalyst
    4/21/2025$97.00 → $66.00Buy → Neutral
    DA Davidson
    4/2/2025$70.00Buy → Hold
    Jefferies
    2/4/2025Underperform → Neutral
    BofA Securities
    12/17/2024$82.00 → $93.00Equal-Weight → Overweight
    Morgan Stanley
    12/9/2024$85.00 → $90.00Neutral → Buy
    Citigroup
    12/6/2024$80.00 → $95.00Hold → Buy
    Jefferies
    11/22/2024Overweight → Sector Weight
    KeyBanc Capital Markets
    11/13/2024$87.00 → $91.00In-line → Outperform
    Evercore ISI
    More analyst ratings

    $TKR
    SEC Filings

    See more
    • SEC Form SD filed by Timken Company

      SD - TIMKEN CO (0000098362) (Filer)

      5/30/25 9:15:12 AM ET
      $TKR
      Metal Fabrications
      Industrials
    • Timken Company filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K - TIMKEN CO (0000098362) (Filer)

      5/5/25 4:15:39 PM ET
      $TKR
      Metal Fabrications
      Industrials
    • SEC Form 10-Q filed by Timken Company

      10-Q - TIMKEN CO (0000098362) (Filer)

      4/30/25 3:33:06 PM ET
      $TKR
      Metal Fabrications
      Industrials

    $TKR
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Timken Names Timothy A. Graham President of Industrial Motion

      NORTH CANTON, Ohio, June 2, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Timothy A. Graham as president of Industrial Motion and an officer of the company, effective immediately. Graham, who most recently served as vice president of operations for Engineered Bearings, succeeds Christopher A. Coughlin. Coughlin, who announced his retirement earlier this year, will remain with the company through his planned retirement to help ensure a seamless transition.

      6/2/25 6:51:00 AM ET
      $TKR
      Metal Fabrications
      Industrials
    • Timken to Participate in the KeyBanc Industrials & Basic Materials Conference

      NORTH CANTON, Ohio, May 14, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, will participate in the KeyBanc Industrials & Basic Materials Conference on Wednesday, May 28, 2025 in Boston, Mass. Participating on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer, and Neil Frohnapple, vice president of investor relations. Materials shared during the conference will be available online at http://investors.timken.com. About The Timken CompanyT

      5/14/25 6:51:00 AM ET
      $TKR
      Metal Fabrications
      Industrials
    • Timken Raises Quarterly Dividend to 35 Cents Per Share; Marking 12 Years of Increases

      NORTH CANTON, Ohio, May 2, 2025 /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 approved a 3 percent increase in the company's quarterly cash dividend, raising it to 35 cents per share. The dividend is payable on May 23, 2025, to shareholders of record as of May 13, 2025. "Timken is proud to deliver 12 straight years of annual dividend increases," said Richard G. Kyle, president and chief executive officer. "This year's increase reflects the trust our board

      5/2/25 8:30:00 AM ET
      $TKR
      Metal Fabrications
      Industrials

    $TKR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Timken Company

      SC 13G - TIMKEN CO (0000098362) (Subject)

      11/12/24 10:34:15 AM ET
      $TKR
      Metal Fabrications
      Industrials
    • SEC Form SC 13G/A filed by Timken Company (Amendment)

      SC 13G/A - TIMKEN CO (0000098362) (Subject)

      2/8/24 1:08:55 PM ET
      $TKR
      Metal Fabrications
      Industrials
    • SEC Form SC 13G/A filed by Timken Company (Amendment)

      SC 13G/A - TIMKEN CO (0000098362) (Subject)

      2/15/23 2:23:09 PM ET
      $TKR
      Metal Fabrications
      Industrials

    $TKR
    Financials

    Live finance-specific insights

    See more
    • Timken Raises Quarterly Dividend to 35 Cents Per Share; Marking 12 Years of Increases

      NORTH CANTON, Ohio, May 2, 2025 /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 approved a 3 percent increase in the company's quarterly cash dividend, raising it to 35 cents per share. The dividend is payable on May 23, 2025, to shareholders of record as of May 13, 2025. "Timken is proud to deliver 12 straight years of annual dividend increases," said Richard G. Kyle, president and chief executive officer. "This year's increase reflects the trust our board

      5/2/25 8:30:00 AM ET
      $TKR
      Metal Fabrications
      Industrials
    • Timken Reports First-Quarter 2025 Results

      Sales of $1.14 billion, down 4.2 percent from last yearFirst-quarter diluted EPS of $1.11; adjusted EPS of $1.40Updates full-year 2025 outlook to reflect net impact from tariffs; now expects EPS of $3.90-$4.40, with adjusted EPS of $5.10-$5.601Q-25 1Q-24 % Change Net Sales (mils.) $1,140.3 $1,190.3 (4.2 %) Net Income Margin 6.9 % 8.7 % (180 bps) Adjusted EBITDA Margin 18.2 % 20.7 % (250 bps) Diluted EPS $1.11 $1.46 (24.0 %) Adjusted EPS $1.40 $1.77 (20.9 %) NORTH CANTON, Ohio, April 30, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today reported first-quarter 2025 sales of $1.14 billion, down 4.2

      4/30/25 6:51:00 AM ET
      $TKR
      Metal Fabrications
      Industrials
    • Timken to Announce First-Quarter 2025 Financial Results on April 30

      NORTH CANTON, Ohio, April 11, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, will release its 2025 first-quarter financial results on Wednesday, April 30, prior to the opening of the New York Stock Exchange. The company will host a conference call that day to discuss its financial performance with investors and securities analysts. The financial results and conference call materials will be available online at http://investors.timken.com. Conference Call: Timken's Q1 2025 Earnings Re

      4/11/25 6:51:00 AM ET
      $TKR
      Metal Fabrications
      Industrials

    $TKR
    Leadership Updates

    Live Leadership Updates

    See more
    • Timken Names Timothy A. Graham President of Industrial Motion

      NORTH CANTON, Ohio, June 2, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Timothy A. Graham as president of Industrial Motion and an officer of the company, effective immediately. Graham, who most recently served as vice president of operations for Engineered Bearings, succeeds Christopher A. Coughlin. Coughlin, who announced his retirement earlier this year, will remain with the company through his planned retirement to help ensure a seamless transition.

      6/2/25 6:51:00 AM ET
      $TKR
      Metal Fabrications
      Industrials
    • The Timken Company Announces CEO Transition

      Tarak B. Mehta departing as CEO and director, effective immediatelyRichard G. Kyle appointed interim president and CEOComprehensive CEO search process underway NORTH CANTON, Ohio, March 31, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)) Board of Directors today announced that, effective immediately, Tarak B. Mehta is departing as CEO and director based on mutual agreement due to personal reasons. Richard G. Kyle will return as interim president and CEO. Kyle is a member of the Timken Board of Directors and served as the company's CEO from 2014 to 2024. "Th

      3/31/25 4:15:00 PM ET
      $TKR
      Metal Fabrications
      Industrials
    • Timken Adds Kim Ryan, Hillenbrand President and CEO, to Board of Directors

      NORTH CANTON, Ohio, Jan. 21, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Kimberly K. (Kim) Ryan to its Board of Directors. Her election increases The Timken Company Board to 13 members. Ryan has served as director, president and CEO of Hillenbrand, Inc. (NYSE:HI, www.hillenbrand.com)), a global industrial company that provides solutions for durable plastics, food and recycling and a variety of other applications, since 2021. From 2015 to 2021, sh

      1/21/25 6:51:00 AM ET
      $HI
      $TKR
      Miscellaneous manufacturing industries
      Consumer Discretionary
      Metal Fabrications
      Industrials

    $TKR
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Timken downgraded by DA Davidson with a new price target

      DA Davidson downgraded Timken from Buy to Neutral and set a new price target of $66.00 from $97.00 previously

      4/21/25 8:42:13 AM ET
      $TKR
      Metal Fabrications
      Industrials
    • Timken downgraded by Jefferies with a new price target

      Jefferies downgraded Timken from Buy to Hold and set a new price target of $70.00

      4/2/25 8:48:19 AM ET
      $TKR
      Metal Fabrications
      Industrials
    • Timken upgraded by BofA Securities

      BofA Securities upgraded Timken from Underperform to Neutral

      2/4/25 9:20:06 AM ET
      $TKR
      Metal Fabrications
      Industrials

    $TKR
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Director Leombruno Todd M.

      4 - TIMKEN CO (0000098362) (Issuer)

      5/6/25 4:54:17 PM ET
      $TKR
      Metal Fabrications
      Industrials
    • Director Timken Ward J Jr was granted 1,660 units of Common Stock, increasing direct ownership by 0.51% to 325,866 units (SEC Form 4)

      4 - TIMKEN CO (0000098362) (Issuer)

      5/6/25 4:54:08 PM ET
      $TKR
      Metal Fabrications
      Industrials
    • Director Crowe Maria A was granted 1,660 units of Common Stock, increasing direct ownership by 6% to 27,666 units (SEC Form 4)

      4 - TIMKEN CO (0000098362) (Issuer)

      5/6/25 4:53:43 PM ET
      $TKR
      Metal Fabrications
      Industrials