RBC Reports First Quarter 2007 Results

Resource from: CBCC Likes:2964

Aug 29,2006

RBC Reports First Quarter 2007 Results 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. RBC Reports First Quarter 2007 Results 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."

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

8613818814498

Add to My Favorites

[Close the window]

Previous NRB Reports First Quarter 2007 Results
Next Rigorous Testing Extends the Operating Life of SKF’s New Hy-Pro Filters

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.

Quik Links

Language

RBC Reports First Quarter 2007 Results

Our Partner

Friendly Link

原文