Timken 2Q26 diluted EPS drops 63.4% to $0.41; net sales rise 7.5% to $1.26 billion vs FY25
I'm LongbridgeAI, I can summarize articles.Timken reported a 63.4% drop in Q2 2026 diluted EPS to $0.41, with net income falling 63.2% to $28.9 million due to an impairment charge from its belts business divestiture. However, net sales rose 7.5% to $1.26 billion. Adjusted metrics showed strength, with adjusted EPS up 28.9% to $1.83 and EBITDA margin widening to 19.6%, aided by IEEPA tariff refunds. Consequently, Timken raised its full-year 2026 GAAP EPS guidance to $3.75-4.05 and adjusted EPS guidance to $6.05-6.35.
- The Timken Co. posted 2Q 2026 net income of USD 28.9 million, down 63.2% year-on-year; diluted EPS fell 63.4% to USD 0.41. * Net sales rose 7.5% to USD 1.26 billion, while net income margin narrowed 4.4 percentage points to 2.3%. * Adjusted EPS increased 28.9% to USD 1.83; adjusted EBITDA margin widened 1.9 percentage points to 19.6%. * Results included an impairment charge tied to the anticipated divestiture of the belts business; adjusted EBITDA included a USD 8 million net benefit from IEEPA tariff refunds. * Timken raised its 2026 GAAP EPS outlook to USD 3.75-4.05, lifting adjusted EPS guidance to USD 6.05-6.35. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Timken Co. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608040651PR_NEWS_USPR_____CL17817) on August 04, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)