Timken Co. earnings rise 6.5 percent
The Timken Company reported first-quarter 2014 sales of $1.1 billion, up 1 percent from the prior-year quarter.
Adjusted net income rose 6.5 percent to $82.2 million, or 88 cents per diluted share, which compares with $77.2 million, or 80 cents, a year ago.
Mobile Industries' sales of $344.7 million decreased 13 percent compared to last year's first-quarter sales of $397.1 million.
Process Industries' first-quarter sales were $310.2 million, up 9 percent from $285.2 million for the same period a year ago.
Aerospace posted first-quarter sales of $82.7 million, essentially unchanged from $82.5 million for the same period last year.
Sales for Steel, including inter-segment sales, were $390.1 million in the first quarter, 13 percent higher than the $346.1 million posted in the first quarter last year.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
