Timken
20 named things its latest annual report says its results depend on, each in the company's own words. 9 of them are also named by other companies we've read.
Customers
Wind energy
earns fromnamed as a riskIn our business, we are exposed to warranty and product liability claims, including in certain industry segments with potential high value claims, such as rail, aerospace and wind energy, and through our automotive customer contracts which often contain negotiated warranty provisions.Risk factors (Item 1A)
Partners and platforms
CoLinx, LLC
This joint venture, CoLinx, LLC, includes five equity members: Timken, SKF Group, Schaeffler Group, RBC Bearings and Gates Industrial Corp.Business (Item 1)
Other companies
Senior Credit Facility and Accounts Receivable Facility
$1.3 million annuallynamed as a riskIf the market rates for short-term borrowings increased by one-percentage-point around the globe, the impact from the Company's variable rate debt would be an increase in interest expense of $1.3 million annually, with a corresponding decrease in income from continuing operations before income taxes of the same amount.Market risk (Item 7A)
Competitors
SKF Group
competes withThe Company competes with a variety of domestic and foreign manufacturers of anti-friction bearings, including SKF Group and Schaeffler Group, and with a diverse group of domestic and foreign manufacturers of industrial motion products.Business (Item 1)
Schaeffler Group
competes withThe Company competes with a variety of domestic and foreign manufacturers of anti-friction bearings, including SKF Group and Schaeffler Group, and with a diverse group of domestic and foreign manufacturers of industrial motion products.Business (Item 1)
Places
China
operates innamed as a riskstrained geopolitical relations between countries in which we have significant operations including the U.S., China and Mexico, among others;Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Mexico
operates innamed as a riskstrained geopolitical relations between countries in which we have significant operations including the U.S., China and Mexico, among others;Risk factors (Item 1A)
Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more
North Canton, Ohio
operates inTimken's largest technical center is located at the Company's corporate headquarters in North Canton, Ohio.Business (Item 1)
Commodities and inputs
Euro
exposed to its price · $371.8 million of hedgesnamed as a riskThe greatest risk relates to products shipped between the Company’s European operations and the United States, as well as intercompany loans between Timken affiliates.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Natural gas
exposed to its pricenamed as a riskIn the ordinary course of business, the Company is exposed to market and other risk with respect to commodity price fluctuations, primarily related to our purchases of raw materials and energy, principally steel and natural gas.Market risk (Item 7A)
Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more
Ferrous scrap
exposed to its pricenamed as a riskThe availability and price of SBQ steel are subject to changes in supply and demand, commodity prices for ferrous scrap, ore, alloy, electricity, natural gas, transportation fuel, and labor costs.Business (Item 1)
Also named by STLD
Special bar quality (SBQ) steel
exposed to its pricenamed as a riskThe principal raw materials used by the Company to make engineered bearings are special bar quality ("SBQ") steel and steel components.Business (Item 1)
Bearing-quality steel tubing
depends onnamed as a riskThe availability of bearing-quality tubing is relatively limited, and the Company has taken steps to limit its exposure to this particular form of SBQ steel.Business (Item 1)
Regulators
U.S. Environmental Protection Agency (EPA)
subject tonamed as a riskPFAS have been increasingly scrutinized due to their potential environmental and health risks and are now the subject of increasing regulatory attention from the Environmental Protection Agency, state governments, the European Union and other regulators.Risk factors (Item 1A)
Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more
Laws and programs
Foreign Corrupt Practices Act (FCPA)
subject tonamed as a riskIf we are found to be liable for FCPA, export control or sanction violations, we could suffer from criminal or civil penalties or other sanctions, including loss of export privileges or authorization needed to conduct aspects of our international business, which could have a material adverse effect on our business.Risk factors (Item 1A)
Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more
CERCLA (Superfund)
subject tonamed as a riskThe Company and certain of its subsidiaries have previously been and could in the future be identified as potentially responsible parties for investigation and remediation at off-site disposal or recycling facilities under the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), known as the Superfund, or state, foreign, or international laws similar to CERCLA.Business (Item 1)
Also named by AA, AAOI, ALB, AN, APD, APLD, ATI, AWK and 27 more
European Union Corporate Sustainability Reporting Directive
subject tonamed as a riskOver time, stakeholder expectations for, and regulatory requirements (such as the European Union, Corporate Sustainability Reporting Directive) related to, our CSR program and initiatives may change, and our investors, customers, suppliers, employees or regulators may advocate that we implement additional, or stricter, goals and initiatives related to CSR topics.Risk factors (Item 1A)
U.S. tariffs on steel and raw materials
subject tonamed as a riskThese tariffs have adversely affected our results of operations and profit margins and could continue to do so.Risk factors (Item 1A)
PFAS / PTFE regulation
subject tonamed as a riskPFAS have been increasingly scrutinized due to their potential environmental and health risks and are now the subject of increasing regulatory attention from the Environmental Protection Agency, state governments, the European Union and other regulators.Risk factors (Item 1A)
National Institute of Standards and Technology standards
subject tonamed as a riskNoncompliance with government procurement regulations, information security requirements such as the National Institute of Standards and Technology standards and guidelines, or other applicable laws or regulations could result in civil, criminal and administrative liability, termination of government contracts or other public-sector customer contracts, and suspension, debarment or ineligibility from doing business with governmental entities or other customers in the public sector.Risk factors (Item 1A)