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For the fourth quarter, sales were $79.8 million, a decrease of 4.8 percent from the same period a year ago. Profit improved 49.1 percent to $9.7 million.
"I am encouraged by the strong expansion we saw in our industrial business during the fourth quarter and the industry wide outlook for our aerospace and defense products," CEO Michael J. Hartnett said. "Our strategy of preserving operating capacity and flexibility allowed us to quickly revive our industrial volumes and we are in good position to support this increased demand in our new fiscal year."
During the fourth quarter, the decline in net sales in the aerospace and defense business were partially offset by an increase of 30.6% in industrial business.
RBC Bearings Inc. is an international manufacturer and marketer of highly engineered precision bearings and components for the diversified industrial, aerospace and defense markets.
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