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October 25, 2007

Timken Sales Up 6% in 3Q

The Timken Company, Canton, OH, reported sales of $1.26 billion in the third quarter 2007, an increase of 6% over the same period a year ago. Strong sales in industrial markets were partially offset by the strategic divestment of the company's automotive steering and European steel tube manufacturing operations in prior periods.
 
For the first nine months of 2007, sales were $3.89 billion, an increase of 4%, driven by strong industrial markets
 
The Industrial Group had third-quarter sales of $556.8 million, up 11% from the same period last year. The increase resulted from favorable pricing, currency and strong demand across all market sectors, especially from heavy industry and aerospace.

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