|
|
|
|
|
The eBearing News
August 14, 2006
RBC Reports First Quarter 2007 Results
copyright © 2006 eBearing Inc.
RBC Bearings Inc. (USA, NASDAQ:
ROLL)
reported results for fiscal first quarter 2007, ended July 1, 2006.
For the quarter, sales were up 14% over 2006, to USD $75.2 million from $66.0 million.
Operating income in the quarter was $13.5 million, up 30% from 2006's $10.4 million.
Net income was $5 million, from $3.3 million in first quarter 2006.
Chairman, President, and CEO, Dr. Michael Hartnett, said: "We are pleased to report strong sales
and earnings for the first quarter of 2007. Demand in our end markets remained strong, and these
trends, coupled with solid execution produced these results. Our priorities have remained consistent -- growing
our customer base, expanding our product offerings, and reducing costs. I am encouraged by the success
we have achieved through these initiatives and look forward to continued progress on these
objectives as we move through fiscal 2007."
RBC reports results by segments.
Plain Bearings had sales in the quarter of $34.0 million, from $26.4 million in 2006.
Roller Bearings had sales of $24.2 million, down slightly from $24.4 million in 2006.
Ball Bearings had sales of $12.2 million, up from $10.6 million in 2006.
Other had sales of $4.8 million, from $4.5 million in 2006.
Commenting on the upcoming prospects, Dr. Hartnett said: "We saw strong demand from our markets in the
first quarter and a small shift of revenues from the second quarter to the first. Consequently, we anticipate
some moderation of our top-line performance in the July through September period. At this point, we feel
very positive about the outlook for the balance of our fiscal year 2007."
|
|
|
printer-friendly version
|
|
- by Bruce A. Carr
from individual research,
tips and commercial sources.
Bruce Carr edited this content.
Copyrighted material; unauthorized reproduction prohibited.
|
|
eBearing.com ... for everything that moves™
Copyright 1999-2011, eBearing Inc. All rights reserved.
Copyright information is on www.copyright.com
Unauthorized reproduction is prohibited.
eBearing Inc, eBearing.com, and "... for everything that moves" are registered
trademarks of eBearing Inc.
|
|
|
|
|
| |
eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2011, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
|
|
|
