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 …
