The Timken Co. (NYSE: TKR), Canton, Ohio, reported first-quarter sales of $979.7 million, up 10.9% compared the first quarter of 2018. Profit was $91.9 million, compared to $80.2 million in same period a year ago.
The year-over-year increase was driven by higher volume, favorable price/mix, improved manufacturing performance, lower selling, general and administrative costs and the benefit of acquisitions, partially offset by higher material costs, the company said.
Related Posts
-
Mobile Industries sales of $466.7 million decreased 6.7% compared with the same period a year…
-
Organic sales increased 11%.
-
Sales were down nearly 5% in constant currencies.
