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SKF and Peugeot S.A., and several group companies, (PSA) have settled their dispute before the Competition Appeal Tribunal in the United Kingdom regarding damage claims resulting from SKF’s settlement with the European Commission for violation of European competition rules. PSA initiated this lawsuit against several bearing manufacturers, among them AB SKF, in February 2016.

NORTH CANTON, Ohio, May 23, 2018 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and mechanical power transmission products, today announced that it will participate in the KeyBanc Capital Markets' Industrials and Basic Materials Conference on May 30, 2018, in Boston, Mass. Participating on behalf of Timken will be Richard G. Kyle, president and chief executive officer. Materials shared at the conference will be available online at http://investors.timken.com.

"A strong and growing dividend is a focus of our capital allocation strategy to create long-term value for our shareholders," said Richard G. Kyle, Timken president and chief executive officer.  "This dividend increase reflects the company's financial strength and our confidence in our strategy and future growth prospects."

Timken Reports Strong First-Quarter 2018 Results; Raises Full-Year Outlook

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