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Business Description
The Timken Company is a global manufacturer of highly engineered bearings, alloy and specialty steel and related components. The Company operates under three segments: Automotive Group, Industrial Group and Steel Group. The Automotive and Industrial Group designs, manufactures and distributes a range of bearings and related products and services. Automotive Group customers include original equipment manufacturers (OEMs) of passenger cars and trucks, ranging from light- and medium-duty to heavy-duty trucks and their suppliers. Industrial Group customers include both OEMs and distributors for agriculture, construction, mining, energy, mill, machine tooling, aerospace and rail applications. The Steel Group designs, manufactures and distributes different alloys in both solid and tubular sections, as well as custom-made steel products all for both automotive and industrial applications, including bearings.

Financial Information
For the nine months ended 9/30/04, revenues rose 20% to $3.33 billion. Net income rose from $14 million to $71.3M. Revenues reflect strong demand in industrial markets driving sales growth across all three business groups. Net income also reflects the leveraging of strong sales.