The Timken Company (TKR) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

The Timken Company ( TKR ) Morgan Stanley's 14th Annual Laguna Conference September 16, 2026 4:05 PM EDT Company Participants Lucian Boldea - CEO, President & Director Michael Discenza - Executive VP & CFO Presentation Unknown Analyst Perfect. Thank you all, and good afternoon. It's my pleasure today to have Lucian Boldea, CEO and President of Timken as well as Mike Discenza, EVP and CFO of Timken. So before we just get started here, just a quick disclaimer. For important disclosures, please see the Morgan Stanley Research Disclosure website at www.morganstanley.com/researchdisclosures. [Operator Instructions] And with that, again, thank you, gentlemen, for joining me. Lucian Boldea CEO, President & Director Thank you. Michael Discenza Executive VP & CFO Thank you for having us. Question-and-Answer Session Unknown Analyst So maybe just -- it would be great to just start out with the Elevate to Outperform strategy that you laid out at Investor Day, a pretty significant step-up in growth, margins, earnings profile through 2028. So just -- for those who may be less familiar with the shift in strategy and -- Lucian, you've kind of laid out in terms of the key pillars, the targets of where you want to take the business here, both through '28 and kind of your vision for longer term. Can you just kind of give us a walk through some of those basics? Lucian Boldea CEO, President & Director Absolutely. So first of all, thank you for having us. It's very great to be here. So when we look at Elevate to Outperform, and why we launched the strategy, and what we're trying to accomplish with it, it really deploys this 80-20 mindset as a foundational way of approaching and solving the problem. But the problem that we're trying to solve is really to accelerate profitable growth, expand margins and then drive value to shareholders as a result. We