The Timken Company reported a 7.5% increase in net sales for Q2 2026 driven by volume growth across segments, favorable pricing, acquisitions, and foreign currency impacts. However, net income declined sharply due to $94 million in impairment and restructuring charges related to the belts business sale and closure. Engineered Bearings posted modest organic volume growth with improved adjusted EBITDA aided by price/mix benefits but offset by higher SG&A and manufacturing costs. The Industrial Motion segment expanded its footprint through the Bijur Delimon acquisition, with robust demand and positive adjusted EBITDA gains despite tariff headwinds. Timken remains focused on profitable growth via technical selling and aftermarket channel strength while pursuing operational excellence and optimized capital allocation. Leverage is well within covenant limits following refinancing actions, supporting disciplined capital deployment amid a challenging near-term margin environment.