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The eBearing News
April 27, 2000
General Bearing Reports First Quarter 2000
Results Sharply Improved
copyright © 2000 eBearing Inc.
General Bearing Corp. (West Nyack, New York) reported a 7% jump in sales and 11% rise
in profits for first quarter 2000 from 1999.
Sales for 1Q2000 were $14.6 million, with Gross Profits of $4.8 million.
Included in the 1Q2000 results are the results of Jiangsu General Ball and Roller
Company LTD, which General Bearing acquired early in 2000. Jiangsu contributed
$203,000 to General Bearing 1Q2000 earnings.
Click here to read the earlier Jiangsu acquisition article
The company attributed the largest increases to sales growth in
tapered roller bearings to the heavy-duty truck trailer market.
Industrial ball bearing sales grew, along with ball bearing and
driveline components to the automotive industry. Distribution division sales were
essentially flat.
General Bearing operates under The General and Hyatt trade names.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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