The Timken Co., Canton, OH, reported sales of $1.28 billion in the first quarter 2007, an increase of 2% over the same period a year ago. Income from continuing operations was $41.6 million.
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Sales in Asia were up 17%.
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The Industrial Group had first-quarter sales of $544.4 million, up 8% from $503.9 million for the same period last year. Favorable pricing and higher volume drove the increase, with sales strength coming from multiple market sectors, especially aerospace and heavy industry.
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The Automotive Group’s first-quarter sales of $388 million were down 8% from $421 million for the same period last year. The decrease was driven by the sale of its steering business at the end of 2006 and lower demand from North American light vehicle and …
Timken Sales Up 2% in 1Q
The Timken Co., Canton, OH, reported sales of $1.28 billion in the first quarter 2007, an increase of 2% over the same period a year ago. Income from continuing operations was $41.6 million.
  ;
Sales in Asia were up 17%.
  ;
The Industrial Group had first-quarter sales of $544.4 million, up 8% from $503.9 million for the same period last year. Favorable pricing and higher volume drove the increase, with sales strength coming from multiple market sectors, especially aerospace and heavy industry.
  ;
The Automotive Group’s first-quarter sales of $388 million were down 8% from $421 million for the same period last year. The decrease was driven by the sale of its steering business at the end of 2006 and lower demand from North American light vehicle and …
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