2009

RBC Bearings Inc., Oxford, CT, a manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, reported sales for the first quarter of fiscal year 2010 were $63.7 million, down 31% from the prior year period. Profit declined 52.6% to $5.1 million.

A drop of 46.3% in industrial sales due to the current economic climate was the primary reason for the overall sales declines. Aerospace and defense were less impacted and decreased by …

Allied Motion Technologies Inc., Denver, CO, reported second quarter sales of $13.9 million, down 41% from second quarter 2008. The manufacturer of motion control products recorded a loss of $12.1 million for the period, compared to profit of $1 million the prior year. Sales declined across all industry sectors.

During the six months ended June 30, the company had a net loss of $12.8million compared to profit of $1.9 million for the same six months last year. Sales were $29,235,000, down …

Flowserve Corp., Dallas, TX, reported sales for the second quarter 2009 were $1.09 billion, down 6% from the prior year period. Profit declined 11.9% to $108.2 million.

For the first six months, sales were $2.12 billion, down 2% from the first half of 2008. Profit decreased 4.9% to $200.5 million.

"While we continue to see our markets impacted by the challenging global economic conditions, we are very pleased with the improvement we saw in sequential quarter over quarter bookings and sales," said Lewis Kling, president and CEO. "The continued realignment improvements we made this quarter to our operating platform should not only drive benefits that we will realize later in 2009, but are expected to strengthen the company for growth opportunities well into the future."

Flowserve …