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RBC Bearings Inc. (Nasdaq: ROLL), Oxford, CT, reported sales for the third quarter ended Dec. 29, 2012, of $96.3 million, an increase of 1.3 percent compared to the same period a year ago. Profit fell 0.5 percent to $12.1 million.
For the first nine months of the fiscal year, sales for the industrial, defense and aerospace manufacturer were $300 million, an increase of 4.8 percent. Profit jumped 32.8 percent to $45.8 million.
“We are pleased with the momentum of our aerospace products, the strong execution and expense control demonstrated by our factories and the excellent cash flow during the period,” said Dr. Michael J. Hartnett, chairman and CEO. “Overall, industrial product sales reflected a more normalized picture of demand for our mining products in the current environment.”