Continued global downturn drives first-quarter sales decline of 33 percent compared with 2008.  The Company lowers its earnings outlook for the full year and reduced its quarterly dividend 50 percent to 9 cents per share.  Strong cash from operations is expected in 2009.

Timken has earned a place on the list of “The 100 Most Trustworthy Companies,” an annual study published by Forbes magazine.

Timken has signed a long-term, multi-year agreement to supply wind turbine gearbox bearings for Nanjing High Speed Gear Manufacturing Co., Ltd. (NGC).