铁姆肯 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission file number:1-1169 THETIMKEN COMPANY (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting companyor an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. Large accelerated filer Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer's classes of common shares, as of the latest practicable date. THE TIMKEN COMPANYINDEX TO FORM 10-Q REPORT I.PART I.Item 1.Financial StatementsItem 2.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures about Market RiskItem 4.Controls and ProceduresII.PART II.Item 1.Legal ProceedingsItem1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem 6.Exhibits PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTSTHE TIMKEN COMPANY AND SUBSIDIARIES Consolidated Statements of Income(Unaudited) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(Dollars in millions, except per share data) Note 1 - Basis of Presentation The accompanying Consolidated Financial Statements (unaudited) for The Timken Company (the "Company" or "Timken")have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and notesrequired by the accounting principles generally accepted in the United States ("U.S. GAAP") for complete financialstatements. In the opinion of management, all adjustments (consisting of normal recurring accruals) and disclosuresconsidered necessary for a fair presentation have been included. For further information, refer to the ConsolidatedFinancial Statements and accompanying Notes included in the Company’s Annual Report on Form 10-K for the yearended December31, 2024. Note 2 - Significant Accounting Policies The Company's significant accounting policies are detailed in "Note 1 - Significant Accounting Policies"of the AnnualReport on Form 10-K for the year ended December31, 2024. Recent Accounting Pronouncements: New Accounting Guidance Issued and Not Yet Adopted: In September 2025, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU")2025-06,Intangibles Goodwill and Other Internal-Use Software(Subtopic 350-40):Targeted Improvements to theAccounting for Internal-Use Software. ASU 2025-06 provides updated guidance to better align the capitalization ofinternal-use software costs with the software development lifecycle. The amendments clarify which costs should becapitalized and when capitalization should begin. For public entities, the guidance is effective for annual periods beginningafter December 15, 2027, including interim periods within those annual periods. Early adoption is permitted. The Companyis currently evaluating the impact of the new guidance. In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income - ExpenseDisaggregation Disclosures (Subtopic 220-40). ASU 2024-03 requires that a public entity disclose detailed informationabout types of expense. Specifically, a public entity would disclose the amounts of (a) purchases of inventory, (b)employee compensation, (c) depreciation and (d) intangible asset amortization included in each relevant expense caption.A relevant expense caption is an expense caption presented on the face of the income statement within continuingop