TIMKEN CO
SymbolTKR

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Timken Reports Third-Quarter Results

2009-10-29 07:20 ET - News Release

  • Cost controls and working-capital management drive third-quarter earnings and cash flow
  • Company increases full-year earnings estimate
  • Needle Roller Bearings business sale on track for year-end completion


Company Website: http://www.timken.com
CANTON, Ohio -- (Business Wire)

The Timken Company (NYSE: TKR) today reported sales of $763.6 million for the third quarter of 2009, a decrease of 43 percent over the same period a year ago. The sales decline reflects weaker demand in many of the company’s end markets and lower surcharges, partially offset by improved pricing. Sales for all periods exclude the results of the Needle Roller Bearings business, accounted for as “discontinued operations.”

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