RBC Bearings’ 3Q sales rise 5 percent

Industrial Distribution staff -- Industrial Distribution, 2/8/2008 7:03:00 AM

RBC Bearings Inc. posted sales of $80.4 million during the third quarter of fiscal 2008, compared with $76.5 million during the same period the prior year.

Quarterly net income for the Oxford, Conn.-based bearings manufacturer rose 2.4 percent to $9.6 million, compared with $9.4 million during the third quarter of fiscal 2007.

“RBC Bearings achieved strong performance this quarter as we continued to experience increased demand from many of our end markets," chairman and CEO Michael Hartnett said. "As we look forward to the end of fiscal 2008, we remain focused on delivering profitable growth and our emphasis on new product innovation and continued process improvement will help us to deliver on both the top and bottom lines.”

The company said it expects sales of up to $92 million during the fourth quarter.

Talkback

We would love your feedback!

Post a comment

» VIEW ALL TALKBACK THREADS

Related Content

• Topics
• Author

Related Content

• Timken hikes specialty bar prices
  
• Timken’s 1Q sales rise 12 percent
  
• Timken opens two new Asia plants
  
• SKF’s 1Q sales rise 9 percent
  
• Trelleborg’s 2007 sales rise 13.5 percent
  

By This Author

• Durable goods orders slip 0.3 percent in March
• Earnings Roundup: Kaman Industrial Technologies, Barnes Distribution and Simpson Manufacturing
• Valley National Gases buys N.H. Bragg’s gas & welding business
• Report: Grainger to expand despite economy
• Timken hikes specialty bar prices
• » MORE

Sponsored Links