Latest In RBC Bearings
Fourth quarter sales increased 43.1 year-over-year.
Year-to-date sales increased 31.1 percent year-over-year.
Sales for first six months of FY2016 increase 29 percent.
Fourth quarter sales decrease 0.3 percent year-over-year.
Acquisition complements company's processes and expertise.
Company CEO: 'Industrial businesses performed well in quarter.'
Sales for first six months of FY2015 increase 10.2 percent.
Aerospace and defense sales rose 12.9 percent in the fourth quarter.
RBC completed two acquisitions during the quarter.
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Acquisition is in line with RBC’s strategy of expanding its product portfolio into aerospace markets.
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The acquisition expands RBCs existing product portfolio.
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The decrease was driven mainly by OEM volume declines.
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The bearings manufacturer will restructure its manufacturing facilities and reduce workforce in Texas.
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RBC acquires the California-based manufacturer for $2.6 million.
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