NORTH CANTON, Ohio, May 3, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, today reported first-quarter 2023 sales of $1.26 billion, up 12.3 percent from the same period a year ago. The increase was driven by strong organic growth in both the Engineered Bearings and Industrial Motion segments, and the favorable impact of acquisitions (net of divestitures), partially offset by unfavorable foreign currency translation. Organically, first-quarter sales were up 10.9 percent versus the prior year.
Read more at prnewswire.comTimken Reports Record First-Quarter 2023 Results; Raises Full-Year Outlook
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