The Timken Company (NYSE: TKR), Canton, OH, reported full year sales for 2016 of $2.7 billion, a 7 percent decrease from the previous year. Profit was $152.6 million, compared to a prior-year loss of $70.8 million
Sales for the fourth quarter were $654.8 million, an 8.3 percent decrease over the same period a year ago. Profit was $24.1 million, compared to a loss of $35.7 million the prior year.
Mobile industries sales in the fourth quarter decreased 10 percent year-over-year to $342.3 million. Process industries sales decreased 6.5 percent to $312.5 million.
