Timken is one of only 30
companies to be listed for 100 consecutive years, first
Ohio-based company to reach
milestone
NORTH
CANTON, Ohio, Sept. 26,
2022 /PRNewswire/ -- The Timken Company (NYSE:
TKR; www.timken.com), a global industrial leader in engineered
bearings and industrial motion products, this week marked 100 years
since the company's initial listing on the New York Stock Exchange
(NYSE) Sept. 25, 1922. Timken is one of only 30 companies currently
on the NYSE to be listed for 100 consecutive years and is the first
Ohio-based company to reach the
milestone.i
"This significant achievement speaks to the ability of The
Timken Company's associates to innovate, adapt and create
sustainable value for our shareholders across generations,"
said John M. Timken, Jr.,
chairman. "We're honored to be recognized among such a short list
of companies to accomplish this feat."
"Because of our resilient business model and engineering
culture, demand has remained strong for Timken products and technology throughout our
history," said Richard G. Kyle, president and chief executive
officer. "Going forward, we will continue to drive growth and
strong returns for our investors by staying focused on advancing
our company strategy and innovating with our customers."
Earlier this year, Timken paid
its 400th consecutive quarterly dividend, making it
one of the rare companies to register that achievement as well. The
company was founded in 1899, and went public 23 years later by
joining the NYSE. Today, Timken
operates in 43 countries and supports a variety of industrial
customers, including many in renewable energy and automation, which
now represent Timken's first- and
second-largest individual end markets.
About The Timken Company
The Timken Company (NYSE:
TKR; www.timken.com) designs a growing portfolio of
engineered bearings and industrial motion products. With more than
a century of knowledge and innovation, we continuously improve the
reliability and efficiency of global machinery and equipment to
move the world forward. Timken posted $4.1 billion in sales in 2021 and employs more
than 18,000 people globally, operating from 43 countries.
Timken has been recognized among
America's Most Responsible Companies by Newsweek, the World's Most
Ethical Companies® by Ethisphere, and America's Best
Employers, Best Employers for New Graduates and Best Employers
for Women by Forbes.
Media Relations:
Scott
Schroeder
234.262.6420
scott.schroeder@timken.com
Investor Relations:
Neil Frohnapple
234.262.2310
neil.frohnapple@timken.com
i Source: NYSE Archives
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SOURCE The Timken Company