RBC Bearings Inc., Oxford, CT, international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, reported sales for fiscal 2008 were $330.6 million, an increase of 8% from 2007. Excluding the impact of the decrease in the class 8 heavy truck market, sales rose 12%.
Profit for fiscal 2008 was $40.2 million, compared with $28.5 million in the same period a year ago.
Sales for the fourth quarter of fiscal 2008 were $92.1 million, a 13.7% increase from the fourth quarter fiscal 2007. Sales for the fourth quarter increased 15.7%, excluding the impact of the decrease in the class 8 truck market.
For the fourth quarter, the company reported profit of $12 million, compared with $6.7 million in the same period last year.