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.

Related Posts

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com