The Timken Company: Expanding Capacity in Emerging Markets For A Competitive Edge! 

The Timken Company’s third-quarter 2024 earnings showcased a mixed performance shaped by macroeconomic factors and internal dynamics. Revenue declined by 1.4% to $1.13 billion compared to the previous year, with organic sales down 3% and adjusted earnings per share at $1.23, a decrease from $1.55 in the same period last year. A combination of softer industrial markets, increased logistics costs, and other cost headwinds contributed to the shortfall in both revenue and earnings.