General Bearing Corp., West Nyack, NY, reported sales of $35.1 million for the second quarter ended June 28, 2008, an 8% increase over the same period a year ago. Profit was $2.7 million, down 15.5% from the prior year.
For the first six months, sales were up 7.9% to $69.2 million. The company recorded profit of $2.7 million, a decline of 22.1% from the prior year.
General Bearing manufactures ball bearings, tapered roller bearings, spherical roller bearings, and cylindrical roller bearings and bearing components. Under The General”and the “Hyatt”trademarks, the company supplies original equipment manufacturers in the automobile, truck/trailer, railcar, office equipment, machinery and appliance industries, as well as the industrial aftermarket. …
General Bearing Sales Up 8% in 2Q
General Bearing Corp., West Nyack, NY, reported sales of $35.1 million for the second quarter ended June 28, 2008, an 8% increase over the same period a year ago. Profit was $2.7 million, down 15.5% from the prior year.
For the first six months, sales were up 7.9% to $69.2 million. The company recorded profit of $2.7 million, a decline of 22.1% from the prior year.
General Bearing manufactures ball bearings, tapered roller bearings, spherical roller bearings, and cylindrical roller bearings and bearing components. Under The General”and the “Hyatt”trademarks, the company supplies original equipment manufacturers in the automobile, truck/trailer, railcar, office equipment, machinery and appliance industries, as well as the industrial aftermarket. …
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