6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
The Timken Co. (NYSE: TKR), Canton, OH, reported sales for the third quarter of $1.1 billion, a decrease of 14 percent from the same period a year ago. Profit fell 27 percent to $80.9 million.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
Mobile Industries segment sales were $396.9 million, down 10 percent from last year. Process Industries sales were $311.1 million, down 5 percent. Sales for Aerospace and Defense were $84 million, a 3 percent improvement. Sales for Steel, including inter-segment sales, were $377 million, down 25 percent year-over-year.
For the first nine months, sales for Timken were $3.9 billion, flat to the prior-year period. Profit increased 21.7 percent to $420 million.