RBC Bearings Inc., Oxford, CT, a manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial,
defense and aerospace industries, reported sales for the first quarter of fiscal year 2010 were $63.7 million, down 31% from
the prior year period. Profit declined 52.6% to $5.1 million.
A drop of 46.3% in industrial sales due to the current economic
climate was the primary reason for the overall sales declines. Aerospace and defense were less impacted and decreased by 18.1%.