Fiscal period | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
Period End Date | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 |
Sales | 4,573.00 | 4,769.00 | 4,496.70 | 4,132.90 | 3,513.20 | 3,789.90 | 3,580.80 | 3,003.80 | 2,669.80 | 2,872.30 |
Total Revenues | 4,573.00 | 4,769.00 | 4,496.70 | 4,132.90 | 3,513.20 | 3,789.90 | 3,580.80 | 3,003.80 | 2,669.80 | 2,872.30 |
Cost of Products Sold | 3,132.30 | 3,259.90 | 3,208.60 | 3,030.40 | 2,503.30 | 2,648.10 | 2,540.70 | 2,193.40 | 1,975.00 | 2,078.40 |
Gross Profit | 1,440.70 | 1,509.10 | 1,288.10 | 1,102.50 | 1,009.90 | 1,141.80 | 1,040.10 | 810.40 | 694.80 | 793.90 |
Amortization of intangible assets | 78.00 | 65.70 | -- | -- | -- | -- | -- | -- | -- | -- |
Selling, administrative and general expenses | 752.00 | 740.80 | 637.10 | 580.50 | 533.80 | 618.60 | 580.70 | 521.40 | 450.00 | 494.30 |
Pension settlement charges | -- | -- | -- | -- | -- | -- | -- | -- | 28.10 | 465.00 |
Impairment and restructuring charges | 13.40 | 45.50 | 44.10 | 8.90 | 21.20 | 6.80 | 4.90 | 4.30 | 21.70 | 14.70 |
Gain on divestitures | -- | -- | -- | -- | -- | -- | -- | -- | -- | (28.70) |
Separation costs | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Loss on divestitures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Gain on sale of real estate | 13.80 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Operating (loss) income | 611.10 | 657.10 | 606.90 | 513.10 | 454.90 | 516.40 | 454.50 | 284.70 | 195.00 | (151.40) |
Interest expense | 125.10 | 110.70 | 74.60 | 58.80 | 67.60 | 72.10 | 51.70 | 37.10 | 33.50 | 33.40 |
Gain on sale of real estate | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 |
Interest income | 14.90 | 9.30 | 3.80 | 2.30 | 3.70 | 4.90 | 2.10 | 2.90 | 1.90 | 2.70 |
Other expense - net | (4.10) | (1.20) | 5.50 | 0.80 | 10.00 | 13.00 | 9.40 | 9.40 | (0.90) | (7.50) |
Receipt of Continued Dumping & Subsidy Offset Act (CDSOA)payment, net of expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Continued Dumping & Subsidy Offset Act(CDSOA) receipts, net of expense | -- | -- | -- | -- | -- | -- | -- | -- | 59.60 | -- |
Non-service pension and other postretirement costs | (2.60) | (24.00) | 9.30 | 18.30 | (4.70) | 10.20 | (6.20) | -- | -- | -- |
Acquisition-related gain | -- | -- | -- | 0.90 | -- | -- | -- | -- | -- | -- |
Income (loss) before income taxes | 494.20 | 530.50 | 550.90 | 476.60 | 396.30 | 472.40 | 408.10 | 259.90 | 222.10 | (189.60) |
Pre-Tax Income: United States | 175.60 | 173.80 | 86.00 | 125.80 | 144.10 | 190.70 | 202.00 | 107.40 | 117.80 | -- |
Pre-Tax Income: Non-United States | 318.60 | 356.70 | 464.90 | 350.80 | 252.20 | 281.70 | 206.10 | 152.50 | 104.30 | -- |
Provision for income taxes | 118.90 | 122.50 | 133.90 | 95.10 | 103.90 | 97.70 | 102.60 | 57.60 | 69.20 | (121.60) |
Current Tax : Federal | 28.60 | 10.40 | 11.20 | 8.10 | 40.30 | 20.80 | 46.10 | 9.10 | 44.10 | 26.80 |
Current Tax : Foreign | 116.50 | 119.90 | 119.60 | 98.20 | 78.90 | 81.00 | 68.00 | 44.30 | 31.30 | 16.30 |
Deferred Tax : Federal | (6.60) | (12.10) | (7.80) | (5.20) | (19.50) | 39.80 | (19.90) | 13.60 | (15.10) | (146.10) |
Deferred Tax : Foreign | (26.00) | 2.00 | 4.50 | (6.50) | (2.40) | (55.20) | (0.80) | (9.40) | 8.90 | (10.90) |
Current Tax : State and local | 9.10 | 3.80 | 6.70 | 3.90 | 7.90 | 4.80 | 9.90 | 4.60 | 0.10 | 5.40 |
Deferred Tax : State and local | (2.70) | (1.50) | (0.30) | (3.40) | (1.30) | 6.50 | (0.70) | (4.60) | (0.10) | (13.10) |
Income from Continuing Operations | 375.30 | -- | -- | -- | -- | -- | -- | -- | 152.90 | (68.00) |
Income from discontinued operations, net of income taxes | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 |
Income before cumulative effect of change in accounting principle | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of change in accounting principle | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Income (loss) | 375.30 | 408.00 | 417.00 | 381.50 | 292.40 | 374.70 | 305.50 | 202.30 | 152.90 | (68.00) |
Less: Net income (loss) attributable to noncontrolling interest | 22.60 | 13.90 | 9.60 | 12.40 | 7.90 | 12.60 | 2.70 | (1.10) | 0.30 | 2.80 |
Net Income attributable to The Timken Company | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Less: Undistributed earnings allocated to nonvested stock | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Income (Loss) Available to Common Shareholders | 352.70 | 394.10 | 407.40 | 369.10 | 284.50 | 362.10 | 302.80 | 203.40 | 152.60 | (70.80) |
Earnings Per Share (Basic) - Cont Ops | -- | -- | -- | -- | -- | -- | -- | -- | 1.94 | (0.84) |
EPS (Basic) : Disc Ops | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of change in accounting principle- Basic | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Basic Earnings (Loss) Per Share | 5.02 | 5.52 | 5.54 | 4.86 | 3.78 | 4.78 | 3.93 | 2.62 | 1.94 | (0.84) |
Earnings Per Share (Diluted) - Cont Ops | -- | -- | -- | -- | -- | -- | -- | -- | 1.92 | (0.84) |
Earnings Per Share (Diluted) - Disc Ops | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of change in accounting principle- Diluted | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Diluted Earnings (Loss) Per Share | 4.99 | 5.47 | 5.48 | 4.79 | 3.72 | 4.71 | 3.86 | 2.58 | 1.92 | (0.84) |
Weighted average number of shares outstanding (basic) | 70.20 | 71.38 | 73.60 | 75.89 | 75.35 | 75.76 | 77.12 | 77.74 | 78.52 | 84.63 |
Weighted average number of shares outstanding (Diluted) | 70.75 | 72.08 | 74.32 | 77.01 | 76.40 | 76.90 | 78.34 | 78.91 | 79.23 | 84.63 |