The Timken Co. (NYSE: TKR), Canton, OH, reported first quarter sales of $684.8 million, down 5.3 percent year-over-year. The company reported a profit of $63 million, up from a loss of $135.2 million in the same period the prior year.

Mobile industries sales for the quarter were $383.2 million, a 2.5 percent decrease from the previous year. Process industries sales for the quarter decreased 9 percent to $300.8 million.

"During the quarter, we executed well and delivered first-quarter results in line with our expectations even though market conditions globally remain weak, particularly in commodity-related sectors," said Richard Kyle, president and CEO. "Looking ahead, we expect continued challenging market conditions in 2016. However, we are reaffirming our full-year earnings outlook, confident in our ability to win new business and deliver on our cost-reduction initiatives."