The Timken Company (NYSE: TKR), North Canton, OH, reported sales for the third quarter of $657.4 million, down 7 percent year-over-year. Profit decreased 67.5 percent to $20.6 million.
Mobile industries sales in the third quarter decreased 11 percent year-over-year to $353 million. Process industries sales decreased 2 percent to $304 million.
Year-to-date sales were $2 billion, down 6.6 percent over the prior-year period. Profit was $128.5 million, compared to a loss of $35.1 million for the same period last year.
