The Timken Co. is increasing its 2004 earnings estimate, excluding special items, to $1.30 to $1.35 per diluted share, which compares to a previous estimate of $1.20 to $1.25.

The company noted that strong end markets benefiting the Steel and Industrial Groups, increased productivity and material cost recovery are benefiting the bottom line at a faster pace than previously anticipated.

James W. Griffith, President and CEO, commented, "2004 was a good year, with the continuing strength of the global economic upturn fueling demand for our products. The foundation we have laid with aggressive actions, including the Torrington acquisition and material cost recovery efforts, have enabled us to leverage the increased volume."

Timken estimates fourth quarter earnings of $0.39 to $0.44 per diluted share, excluding special items, an increase of $0.10 from its prior estimate.