Timken doubles profit, ups outlook for year
Oct 26, 2005 | 08:03 AM
Strong demand in the aerospace and energy industries helped Timken Co. to more than double its net income to more than $39.8 million in the third quarter on record sales that climbed 14.7 percent to nearly $1.26 billion compared with the same period last year.TIMKEN CO.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$1,258,133$1,096,724Net income$39,831$17,463Per share0.430.199 months ended Sept. 30Net sales$3,887,351$3,325,796Net income$165,400$71,274Per share1.790.79Canton, Ohio,-based Timken posted net income of $165.4 million for the first nine months of the year, also more than double a year earlier, on a 16.9-percent increase in sales to $3.89 billion.....
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