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The Timken Co. (NYSE: TKR), Canton, Ohio, reported first-quarter sales of $979.7 million, up 10.9% compared the first quarter of 2018. Profit was $91.9 million, compared to $80.2 million in same period a year ago.
The year-over-year increase was driven by higher volume, favorable price/mix, improved manufacturing performance, lower selling, general and administrative costs and the benefit of acquisitions, partially offset by higher material costs, the company said.