Timken designs and manufactures engineered bearings and industrial motion products. The company traces its roots to 1899, when Henry Timken patented the tapered roller bearing, and Timken remains the world's leading producer of tapered roller bearings. Bearings reduce friction between moving parts, and Timken's portfolio spans tapered, spherical, cylindrical, and ball rolling elements, as well as plain and housed bearings, serving customers in transportation, heavy industry, agriculture, construction, wind energy, aerospace, and many other end markets. Timken's second business, Industrial Motion, encompasses gear drives, linear motion products, automatic lubrication systems, belts, chain, couplings, clutches, brakes, and seals — built largely through acquisitions over the past decade. Timken sells to industrial distributors, OEMs, and direct end users, with no single customer exceeding 5% of sales. The company generates revenue through direct OEM sales under multi-year contracts, sales through industrial distributors, and repair and reconditioning services for large bearings and gearboxes. Profitability is driven by volume leverage on a largely fixed manufacturing cost base, consistent pricing power, and channel mix. SBQ steel is the primary input cost, and Timken passes through cost changes to customers via surcharge mechanisms. Under new CEO Lucian Boldea, Timken is applying 80/20 simplification to exit low-margin businesses (including much of its automotive OE exposure), expand acquired Industrial Motion businesses into new geographies, and grow in automation, electrification, and power generation verticals.