RBC Bearings Sales Increase 4.4% in Q3

RBC Bearings year-to-date sales up 1.7%.

RBC Bearings Inc. (NASDAQ: ROLL), Oxford, CT, reported sales for the third quarter ended Dec. 28, 2013, of $100.5 million, an increase of 4.4 percent from the previous year. Profit for the quarter increased 5.4 percent to $12.8 million.

For the first nine months of the fiscal year, sales were $305.2 million, a 1.7 percent increase from the previous year. The company reported a profit of $42 million year-to-date, a decrease of 8.2 percent from the same period the year before.

“We continue to make good progress in the integration of our two recent acquisitions (WPA and TCI), although these efforts will temporarily weigh on operating income,” said Dr. Michael J. Hartnett, CEO of RBC Bearings. "Additionally, we are encouraged by further stability in the industrial markets coupled with continued strength in the aerospace market.”

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