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RBC Bearings Inc. (Nasdaq: ROLL), Oxford, CT, reported sales for the fourth quarter ended March 31, 2012, were $111.3 million, up 25.2 percent over the same period a year ago. Profit increased 56.6 percent to $15.5 million.
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The fourth quarter sales increase was driven by an increase of 25.4 percent in our industrial business and by a 25 percent increase in net sales in our aerospace and defense business.
"Strong demand in the industrial end markets, particularly mining, energy, and general distribution, continues, and our major aerospace customers are increasing build rates that incorporate numerous new products," CEO Michael J. Hartnett said.
For the full fiscal year, sales were $397.5 million, a year-over-year increase of 18.4 percent. Profit increased 43.3 percent to $50 million.
RBC Bearings Inc. is an international manufacturer and marketer of highly engineered precision bearings and components.