revenue $1.26B, net income $28.9M. Timken Q2 revenue up 7.5% YoY; operating income down 43% on belts impairment

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 30, 2025 · ~2 min read

Key Changes

• high

  Operating income fell 43% to $84.8M despite 7.5% revenue growth, driven by $1.26B in impairment and restructuring charges related to the planned belts business divestiture to Gates (expected Q3 2026 close).

  MD&A: Operating Results verify on EDGAR →
• high

  Acquired Bijur Delimon (automated lubrication systems) for $124.4M net of cash in March 2026, adding $52M goodwill and expanding Industrial Motion segment; contributed $21M to Q2 revenue.

  Notes: Acquisitions verify on EDGAR →
• high

  Belts business impaired $64.4M as carrying value exceeded estimated sale price; Springfield belts facility closure adds $14.6M impairment and $2.7M severance, bringing total pretax exit costs to $100-108M.

  Notes: Impairment & Restructuring view on EDGAR →