Date: 2013-08-01

Timken Reports Record Third-Quarter Earnings

The Timken Company (NYSE: TKR) today reported record third-quarter sales of $1.48 billion, an increase of 18 percent over the same period a year ago. During the quarter, the company benefited from the favorable impact of surcharges, pricing and currency, as well as acquisitions that serve the aerospace and energy market sectors. Strong sales in global industrial markets largely offset the impact of weaker automotive demand.


Third-quarter income from continuing operations was $130.4 million, or $1.35 per diluted share, compared to $41.2 million, or $0.43 per diluted share, in the third quarter a year ago. Excluding special items, income from continuing operations increased 179 percent to $135.8 million, or $1.41 per diluted share, in the third quarter of 2008, compared to $48.6 million, or $0.51 per diluted share, in the third quarter of 2007. Third-quarter earnings exceeded the company

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