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Posted July 26, 2017

Timken sales up 11.4 percent

The Timken Company reported second-quarter 2017 sales of $750.6 million, up 11.4 percent from the same period a year ago and up 6.6 percent from the first quarter.


The year-over-year increase in sales reflects improved demand across industrial end markets led by off-highway and industrial distribution, as well as the benefit of acquisitions, partially offset by continued weakness in rail.

In the second quarter, Timken posted net income of $82.5 million or $1.04 per diluted share, versus net income of $48.2 million or $0.61 per diluted share for the same period a year ago. 

Mobile Industries reported sales of $408.4 million, up 11 percent compared with the same period a year ago, with higher shipments in the off-highway, aerospace and heavy truck sectors, as well as the benefit of acquisitions, partially offset by declines in the rail sector.

Process Industries reported sales of $342.2 million, up 11.9 percent from the same period a year ago, driven primarily by increased demand in the industrial distribution and heavy industries sectors and the benefit of acquisitions.

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