RBC Bearings sales up 6 percent
RBC Bearings posted net sales for the first quarter of fiscal 2018 of $163.9 million, an increase of 6 percent compared to $154.6 million in the first quarter of fiscal 2017.
Industrial sales increased 12.1 percent, mainly driven by marine, energy, mining, semi-conductor and general industrial activity. Aerospace sales increased 2.8 percent, mainly driven by commercial aircraft and defense.
Net income was $21.8 million, or 90 cents per share, compared to $18.0 million, or 76 cents, for the same period last year.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
