The 2020 Mid-Year Economic Update_long

RBC Bearings Sales Up 4.1% in Fiscal 2019

Fiscal fourth quarter sales increased 1.3%.

RBC Bearings Inc. (Nasdaq: ROLL), Oxford, Connecticut, reported sales for the 2019 fiscal fourth quarter of $182.2 million, up 1.3% for the quarter. Sales rose 4% on an organic basis.

Sales for the aerospace markets increased 5.7% and 10.2% on an organic basis. Industrial market sales declined 5.4% in total and 5% on an organic basis.

Profit for the quarter totaled $31.4 million, compared to $26.7 million in the same quarter last year.

For the full year, sales totaled $702.5 million, an increase of 4.1% over the previous year.

Profit for the year was $105.2 million, compared to $87.1 million in 2018.

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