RBC Bearings sales down 0.3 percent
RBC Bearings said its sales for the fourth quarter of fiscal year 2015 declined by 0.3 percent to $113.4 million.
Industrial sales increased 0.1 percent, offset by a decline of 0.5 percent in aerospace and defense. Overall net sales for the quarter were negatively impacted by $1.0 million due to foreign exchange.
Net income of $14.9 million was down 18 percent from income of $17.1 million in the same quarter last year.
For the full year, sales of $445.3 million increased by 6.3 percent from sales of $418.9 million in 2014. Net income for the year of $58.2 million declined by 3.3 percent from $60.2 million the year before.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
