Timken shares hit 52-week high after outlook rise and strong first quarter

8 articles · Updated · MarketWatch · May 6

The stock jumped 13% to $123.41, extending its gain this year to 46%, after the bearings maker lifted annual earnings and revenue guidance.
Timken now expects earnings of $4.70-$5.20 a share, or $5.75-$6.25 adjusted, and revenue growth of about 5% at the midpoint, up from prior forecasts.
First-quarter adjusted earnings were $1.67 a share on sales of $1.23 billion, beating FactSet analyst expectations of $1.50 a share and $1.17 billion.

As Timken's stock soars, can its strategic bets outpace rising costs and hidden segment weaknesses?

How is Timken positioning itself to dominate the booming EV and renewable energy bearings market?