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The Timken Company (NYSE: TKR; www.timken.com), a leader in advanced motion technology, hosted an Investor Day earlier today in New York City. Lucian Boldea, president and CEO, and other members...

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Sales of $1.23 billion, up 8 percent from last year First-quarter diluted EPS of $1.40; adjusted EPS of $1.67 Net income margin of 8.0 percent; adjusted EBITDA margin of 18.8 percent Raises 2026...

Timken to Become NASCAR Contingency Sponsor
Worldwide leader in bearings and steel to expand within the sport; Forms partnership with NASCAR Busch Series

 CANTON, Ohio, Feb. 13 /PRNewswire-FirstCall/ -- Revving up for the 2004 race season, The Timken Company has announced it will become a contingency sponsor of the NASCAR Busch Series for three years, beginning with the 2004 season. The Hershey's Kisses 300 at Daytona International Speedway this weekend will mark the first time the Timken logo will appear on multiple NASCAR stock cars.


"We are excited about our growing partnership with NASCAR and are fully committed to providing the high-performance products and engineered surfaces NASCAR requires to maintain a competitive edge," said Salvatore J. Miraglia - senior vice president - technology. "The high-performance products we develop for racing applications benefit customers throughout our business, from automotive to industrial and aerospace applications."


Timken focuses its motorsports program on proving new technologies on the racetrack. Timken® bearings are used in numerous applications throughout motor racing, including wheels, axles, gearboxes and differentials. Timken(R) steel can be found in crankshafts, camshafts, gears, shock absorbers, brakes and engines. Timken also provides engineering services such as creating engineered surfaces for racecar components.


"Timken has made the move to support the NASCAR Busch Series and expand their NASCAR program beyond team involvement," said Steve O'Donnell, NASCAR Director of Business Operations. "We are very pleased to have such a strong leading company as part of our contingency program, and we look forward to our NASCAR Busch Series competitors showcasing the Timken logo beginning in Daytona."

 

The Timken Company (NYSE: TKR, www.timken.com) is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 29 countries. The company recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.

 

For Additional Information: Jason H. Saragian, Communications Manager of The Timken Company, +1-330-471-3514


SOURCE  The Timken Company
    -0-                             02/13/2004
    /CONTACT:  Jason H. Saragian, Communications Manager of The Timken
Company, +1-330-471-3514/
    /Photo:  http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, 888-776-6555 or 212-782-2840/
    /Web site:  http://www.timken.com
                http://www.timken.com/media
    (TKR)


CO:  Timken Company
ST:  Ohio
IN:  AUT MNG
SU:


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5963 02/13/2004 10:11 EST http://www.prnewswire.com

Contact

Investor Relations Contact

Neil Frohnapple

Vice President of Investor Relations

Mail Code: TCH-03
The Timken Company
4500 Mount Pleasant Street NW
North Canton, OH 44720
Email: investors@timken.com

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P.O. Box 64874
St. Paul MN 55164-0874
Telephone: 800-401-1957
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Shareholder Services

Mail Code: TCH-03
The Timken Company
4500 Mount Pleasant Street NW
North Canton, OH 44720
Phone: (234) 262-4204