The 2020 Mid-Year Economic Update_long

Timken Sales Down 10.2% in 3Q

Year-to-date sales down 6.7 percent year-over-year.

The Timken Company (NYSE: TKR), North Canton, OH, reported sales for the third quarter of $707.4 million, down 10.2 percent year-over-year. Profit was $63.4 million, as compared to a net loss of $21.9 million last year.

Mobile industries sales in the third quarter decreased 3 percent year-over-year to $396.4 million. Process industries sales decreased 14 percent to $311 million.

Year-to-date sales were $2.2 billion, down 6.7 percent over the prior-year period. The company reported a loss of $35.1 million, down from a profit of $124.3 million for the same period last year.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.