Mobile Industries Segment 2011 sales were $1.8 billion, up 13% from $1.6 billion a year ago. 'Higher demand in the rail, off-highway, and heavy-truck sectors drove most of the increase," said Timken.
The Mobile Industries segment had EBIT of $243.2 million, or 13.7% of sales, for the year, up 17% from $207.6 million, or 13.3% of sales, earned in 2010. Higher volume and pricing drove the increase, partially offset by higher raw material costs.
In the fourth quarter, Mobile Industries' sales were $419.6 million, up 8% from the prior year's fourth-quarter sales of $388.6 million.