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The Timken Co. (NYSE: TKR), Canton, OH, reported third-quarter sales of $881.3 million, up 14 percent from the same period a year ago. The company posted net income of $72.3 million compared with net income of $54.1 million in the year-ago period.
Mobile Industries reported sales of $464.2 million, up 9.8 percent compared with the same period a year ago, driven primarily by growth in the aerospace, automotive, off-highway and heavy truck sectors, partially offset by unfavorable currency.
Process Industries sales of $417.1 million increased 19.7 percent from the same period a year ago, driven by broad growth across all sectors, as well as the favorable impact of pricing and acquisitions, partially offset by unfavorable currency.