General Bearing 2Q Sales Down 40.3%-Bearing News

General Bearing Corp., West Nyack, NY, reported second-quarter sales of $41.3 million, a decrease of 40.3% from the prior year same period. Profit was $92,000, compared to $2.7 million a year ago. For the six months ended July 4, 2009, sales were $21.5 million, down 38.7% from the first half of 2008. The manufacturer of bearings and bearing components recorded a loss of $180,000 for the term, compared to profit of $1.5 million the prior year.

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