timken 2007Q2EarningsRelease

- Timken reported second quarter sales of $1.35 billion, up 4% from the previous year, driven by strong demand in industrial markets. Income from continuing operations was $55.6 million or $0.58 per share. - Excluding special items, income from continuing operations was $0.73 per share, in line with estimates. Special items included $16.6 million in restructuring charges. - Timken expects enhanced performance for the rest of the year driven by strong markets, capacity additions, and operating improvements. Earnings per share are forecast to be between $2.60-2.70 for the full year.