Fourth-quarter sales decreased 1.5 percent year-over-year.
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Year-to-date sales increased 10.1 percent year-over-year.
Profit decreases 8.6 percent year-over-year in the first quarter.
The SKF Solution Factory offers custom solutions, mechanical services and training courses.
Profit increases 7.8 percent year-over year in third quarter.
Acquisitions to help SKF grow its service platform business.
Fourth-quarter profit for the Swedish manufacturer was negatively impacted by costs associated with the acquisition of Kaydon.
Total sales increased slightly.
SKF CEO: Acquisition highlights company's commitment to the North American market.
CEO: Strong automotive and weaker industrial business affected results.
Sales in all regions except Latin America declined.
Fourth-quarter sales were 7.8 percent below 2011 levels.
Global bearing manufacturer is expanding and accelerating its cost reduction program announced in 2010.