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RBC Bearings Inc., Oxford, CT, an international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, reported sales of $85.3 million for the third quarter ended Dec. 27, 2008, an increase of 6.1% from the same period a year ago. Profit was $7.7 million, a decrease of 20%.
Our third quarter certainly presented us with more challenges than we expected at the beginning of the period", CEO Michael J. Hartnett said. "The length of the strike at Boeing combined with the global financial crisis created increasing headwinds as the quarter aged."
For the first nine months, sales were $272 million, up 14% from the first nine months of fiscal year 2008. Profit improved 8.7% to $30.9 million.