XML 84 R63.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Quarterly Financial Data (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information |
| 2024
| 1st | 2nd | 3rd | 4th | Total
Net sales | $ | 1,190.3 |  | $ | 1,182.3 |  | $ | 1,126.8 |  | $ | 1,073.6 |  | $ | 4,573.0 |
Cost of products sold | 792.7 |  | 808.7 |  | 782.4 |  | 748.5 |  | 3,132.3 |
Selling, general and administrative expenses | 190.7 |  | 184.1 |  | 189.7 |  | 187.5 |  | 752.0 |
Amortization of intangible assets | 20.0 |  | 19.0 |  | 19.7 |  | 19.3 |  | 78.0 |
Impairment and restructuring charges | 2.3 |  | 3.3 |  | 2.5 |  | 5.3 |  | 13.4 |
Operating income | 184.6 |  | 167.2 |  | 146.3 |  | 113.0 |  | 611.1 |
Net income (1) | 110.6 |  | 102.0 |  | 87.6 |  | 75.1 |  | 375.3 |
Net income attributable to noncontrolling interests | 7.1 |  | 5.8 |  | 5.8 |  | 3.9 |  | 22.6 |
Net income attributable to The Timken Company | 103.5 |  | 96.2 |  | 81.8 |  | 71.2 |  | 352.7 |
Net income per share - Basic: | $ | 1.47 |  | $ | 1.37 |  | $ | 1.17 |  | $ | 1.02 |  | $ | 5.02 |
Net income per share - Diluted: | $ | 1.46 |  | $ | 1.36 |  | $ | 1.16 |  | $ | 1.01 |  | $ | 4.99 |
Dividends per share | $ | 0.33 |  | $ | 0.34 |  | $ | 0.34 |  | $ | 0.34 |  | $ | 1.35 |
| 2023
| 1st | 2nd | 3rd | 4th | Total
Net sales | $ | 1,262.8 |  | $ | 1,272.3 |  | $ | 1,142.7 |  | $ | 1,091.2 |  | $ | 4,769.0 |
Cost of products sold | 846.0 |  | 866.9 |  | 787.1 |  | 759.9 |  | 3,259.9 |
Selling, general and administrative expenses | 186.8 |  | 184.9 |  | 179.6 |  | 189.5 |  | 740.8 |
Amortization of intangible assets | 13.5 |  | 17.3 |  | 17.5 |  | 17.4 |  | 65.7 |
Impairment and restructuring charges | 28.9 |  | 2.5 |  | 8.9 |  | 5.2 |  | 45.5 |
Operating income | 187.6 |  | 200.7 |  | 149.6 |  | 119.2 |  | 657.1 |
Net income (2) | 125.7 |  | 129.5 |  | 90.9 |  | 61.9 |  | 408.0 |
Net income attributable to noncontrolling interests | 3.4 |  | 4.3 |  | 3.0 |  | 3.2 |  | 13.9 |
Net income attributable to The Timken Company | 122.3 |  | 125.2 |  | 87.9 |  | 58.7 |  | 394.1 |
Net income per share - Basic: | $ | 1.69 |  | $ | 1.74 |  | $ | 1.24 |  | $ | 0.84 |  | $ | 5.52 |
Net income per share - Diluted: | $ | 1.67 |  | $ | 1.73 |  | $ | 1.23 |  | $ | 0.83 |  | $ | 5.47 |
Dividends per share | $ | 0.31 |  | $ | 0.33 |  | $ | 0.33 |  | $ | 0.33 |  | $ | 1.30 |
Earnings per share are computed independently for each of the quarters presented; therefore, the sum of the quarterly earnings per share may not equal the total computed for the year. (1)Net income for the third quarter of 2024 included the gain on the sale of a former bearing manufacturing plant of $13.8 million. Net income for the fourth quarter of 2024 included net actuarial gains of $1.3 million. (2)Net income for the first quarter of 2023 included goodwill impairment charges of $28.3 million. Net income for the fourth quarter of 2023 included net actuarial losses of $22.3 million.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration