RBC Bearings sales up slightly
RBC Bearings said its net sales for the third quarter of fiscal 2013 were $96.3 million, an increase of 1.3% from $95.1 million in the 3Q 2012.
The increase was mainly the result of a 15.8% increase in aerospace and defense driven by commercial aircraft build rates and the aerospace aftermarket offset by a 12.2% decline in industrial sales driven by slowing activity in mining and military vehicles.
Net income for the quarter decreased 0.5% to $12.1 million, or 54 cents per share, compared to $12.2 million, or 56 cents, for the same period last year.
RBC Bearings is a manufacturer of precision plain, roller and ball bearings for the industrial, defense and aerospace industries
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
