RBC Bearings Inc., Oxford, CT, (Nasdaq: ROLL), an international manufacturer of precision plain, roller and ball bearings for the industrial, defense and aerospace industries, reported sales for its second quarter fiscal 2012 were up 17.6 percent to $97.8 million.
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The increase was driven by an increase of 17.8 percent in industrial business and by a 17.4 percent increase in sales in aerospace and defense business.
"We are extremely pleased with the results of the second quarter, they reflect our continued execution in the expanding industrial and aerospace markets," said Dr. Michael J. Hartnett, CEO. "In particular, we are seeing sustained demand in many of our core industrial end markets, including distribution, construction, mining, and energy, and we continue to benefit from increased activity with the major aircraft manufacturers. We have a strong backlog and balance sheet to support our growth plans for the coming quarters and into our fiscal 2013."
Profit in the second quarter 2012 was $11.6 million.
Sales for the first six months for the manufacturer were $191.1 million, up 15.5 percent from the prior-year period. Profit for the first six months was $22.3 million.
