RBC Bearings Sales Up 3.6% in Fiscal 2020 - Modern Distribution Management

RBC Bearings Sales Up 3.6% in Fiscal 2020

Profit for the year was $126 million, compared to $105 million in 2019.

RBC Bearings Inc. (Nasdaq: ROLL), Oxford, Connecticut, reported sales for the 2020 fiscal fourth quarter of $185.8 million, up 2% for the quarter. Profit was $33.8 million compared to $31.4 million in the fourth quarter of 2019.

For the full year, sales totaled $725.5 million, an increase of 3.6% over the previous year. Profit for the year was $126 million, compared to $105 million in 2019.

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