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The eBearing News
December 8, 2003
RBC Reports Second Quarter 2004 Results
copyright © 2003 eBearing Inc.
Roller Bearing Company of America, Inc. (RBC, USA) reported second quarter fiscal 2004 financial results.
Net sales for the quarter were USD $42.4 million, up 3% from third quarter 2002's $41.2 million.
RBC attributed the rise to increased sales in both the defense sector and the industrial equipment aftermarket.
Net income was up $200,000 from 2002, to $1.0 million from $800,000.
While RBC indicated some of its domestic U.S. operations ran a loss for the quarter, it did not
break them out separately. Similarly, while RBC said international operations produced net income,
it did not detail the numbers.
Gross margin for all RBC bearing companies combined as a percent of sales was 27.7%, essentially
flat from 2002.
RBC is the parent of several bearing companies. The lineup, built via acquisitions,
includes twelve operating divisions, including Tyson Bearings, Heim, RBC Linear, RBC Nice, Bremen Bearings,
Industrial Tectonics, and others. A recently-installed credit facility freed the company to make
further acquisitions (RBC has made 11 acquisitions in the past 10 years).
RBC recently agreed to acquire Timken's Standard Plant airframe bearing business which Timken
inherited as part of its Torrington acquisition.
• RBC acquiring Timken Standard Plant airframe bearing business
While RBC reports financial results to the U.S. Securities and Exchange Commission, the company
is considered closely held. The public reporting occurs because some of its debt is publicly traded.
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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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