Zacks Investment Research
Timken to Boost Industrial Motion Margins With Belts Business Sale
Timken Company completed the sale of its belts business to Gates Industrial Corporation to focus on core advanced motion technology competencies. The divestiture is expected to boost Industrial Motion segment margins to 25-27% by 2028 (up from 19% in 2025) and drive adjusted EPS to $8.50 in 2028, representing 55% growth. Q2 2026 results showed strong performance with adjusted EPS of $1.83, beating consensus estimates.
