Timken approved the repurchase of 10 million shares of stock.

Timken approved a 10 million share stock buyback plan. The bearing manufacturer announced on Tuesday that the buyback plan will take effect on March 1. This new buyback plan will expire on February 28, 2031, replacing a previous plan that will end on February 28 of this year. Timken Company is a global industrial technology leader with over 120 years of history, focusing on precision engineering bearings and industrial power transmission products.