What is Timken's engineered bearings — exit costs?

Timken (TKR) reported engineered bearings — exit costs of -$100K in Q1 2026.

What is the long-term trend for Timken's engineered bearings — exit costs?

Over 4 years (2021 to 2025), Timken's engineered bearings — exit costs has grown at a -6.9% compound annual growth rate (CAGR), from $1.2M to $900K.

What does engineered bearings — exit costs mean?

Costs associated with closing facilities, exiting product lines, or terminating leases within the Engineered Bearings segment. These are non-recurring expenses tied to strategic footprint optimization.

Timken (TKR) Engineered Bearings — Exit costs

Screener

Other segment segments

Industrial Motion

$200K0.0%

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Other financials

Income statement

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Revenue$1.2B+8.0%

Gross profit$394.0M+9.8%

Operating income$168.6M+17.1%

Net income$98.2M+25.4%

EPS (diluted)$1.40+26.1%

Balance sheet

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Cash & equivalents$344.7M-8.3%

Total debt$2.2B-2.1%

Total equity$3.2B+9.9%

Total assets$6.9B+4.7%

Cash flow

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Operating cash flow$39.3M-32.9%

CapEx$38.8M+10.2%

Free cash flow$500.0K-97.9%

Valuation

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Market cap$9.1B+77.6%

Enterprise value$10.95B+56.2%

P/E29.5×+13.0×

P/S2×+0.8×

Profitability

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Gross margin30.6%-0.4pp

Operating margin12.1%-0.5pp

Net margin6.6%-0.6pp

FCF margin8.2%+1.0pp

Returns & leverage

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Return on equity10.1%-1.8pp

Debt / equity0.7×-0.1×

Current ratio2.9×-0.3×

Where this comes from

Reported directly by Timken in its filing.

Tagged under the XBRL concept us-gaap:BusinessExitCosts1.

The source filing: Timken’s 10-Q, filed May 6, 2026.

Filed: May 6, 2026, 3:40 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0000098362-26-000033

Line item	Engineered Bearings	Industrial Motion	Unallocated Corporate	Total
Severance and related benefit costs	$2.5	$0.5	$0.5	$3.5
Exit costs	(0.1)	0.2	—	0.1
Total	$2.4	$0.7	$0.5	$3.6

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Timken's engineered bearings — exit costs?: Timken (TKR) reported engineered bearings — exit costs of -$100K in Q1 2026.
What is the long-term trend for Timken's engineered bearings — exit costs?: Over 4 years (2021 to 2025), Timken's engineered bearings — exit costs has grown at a -6.9% compound annual growth rate (CAGR), from $1.2M to $900K.
What does engineered bearings — exit costs mean?: Costs associated with closing facilities, exiting product lines, or terminating leases within the Engineered Bearings segment. These are non-recurring expenses tied to strategic footprint optimization.