The Timken Company (NYSE: TKR), North Canton, OH, reported sales for the third quarter of $771.4 million, up 17.3 percent year-over-year. Profit increased 60.6 percent to $54.1 million.
Mobile industries sales in the third quarter increased 19.8 percent year-over-year to $422.8 million. Process industries sales increased 14.6 percent to $348.6 million.
Year-to-date sales were $2.2 billion, up 10.4 percent over the prior-year period. Profit was $174.2 million, up 17.7 percent compared to the same period last year.