Weekly Recap: Q3 growth, higher guidance and belts sale to lift margins

Timken Company (NYSE:TKR) reported Q3 2026 revenue rose 4.7% to $1.21 billion and adjusted EPS gained 20% to $1.65, while raising 2026 adjusted EPS guidance to $6.35–$6.50 and expecting revenue growth of about 5.5%.

Previous Week Recap

• Raises 2026 EPS Guidance: Timken’s Q3 2026 revenue rose 4.7% to $1.21 billion; adjusted EPS gained 20% to $1.65. It lifted 2026 adjusted EPS guidance to $6.35–$6.50 and expects revenue growth of about 5.5%.
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• Belts Sale Boosts Future Margins: Timken (TKR) completed the sale of its belts business to Gates Industrial late in Q3. The divestiture is expected to lift Industrial Motion’s EBITDA margin by over 200 basis points in 2027.
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• Citigroup Lowers Target, Keeps Buy: Citigroup maintained its Buy rating on Timken Company (TKR) and lowered its price target to $125 from $140.
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