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In The News:

Timken’s Sales up 21%

The Timken Co. (NYSE: TKR), Canton, OH, reported second-quarter sales of $906.3 million, up 21 percent from the same period a year ago. The company posted net income of $91 million compared with net income of $82.5 million in the year-ago period.

The increase was driven by continued strength across most end markets, as well as the benefit of acquisitions and currency, the company said.

Timken continues its acquisition strategy, announcing in July plans to add Cone Drive and Rollon Group.

 

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