March 29, 2023 — The Timken Company (NYSE: TKR), a world leader in engineered bearings and industrial motion products, has been named one of America’s Most Innovative Companies by Fortune magazine and market and consumer data provider Statista. Timken is one of 300 companies included on the inaugural list.

“Timken has innovated for our customers for more than 120 years,” said Richard G. Kyle, Timken president and chief executive officer. “Our team of problem solvers is not only known for rigorous thinking and specialized expertise but also for their collaborative approach and accessibility. We’re honored to appear on this list alongside many of America’s most iconic and innovative companies.”

Fortune and Statista evaluated companies through employee surveys and opinions from experts in various fields. They cited product innovation, process innovation, innovation culture and revenue growth among their criteria for determining the companies on the list.