Bearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL), Oxford, CT, reported sales for the first quarter ended June 29 of $102.7 million, a decrease of 0.6 percent compared to the same period a year ago. Profit decreased 12.2 percent to $15.1 million.
The decrease in net sales was mainly the result of a 22 percent decrease in industrial sales driven by OEM volume declines in mining, oil and gas and military vehicles, largely offset by a 22.2 percent increase in aerospace and defense driven by commercial aircraft build rates and the aerospace aftermarket.