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Two manufacturers, RBC Bearings Inc. and Rexnord LLC, posted sales and earnings results for the fourth quarter and full year of fiscal 2008.
RBC Bearings Inc.
RBC posted sales of $336.6 million during fiscal 2008, up 8 percent compared with $306.1 million during the prior year.
Net income for the Oxford, Conn.-based bearings manufacturer rose 13.7 percent to $92.1 million, compared with $81 million during fiscal 2007.
Fourth-quarter sales jumped 41.1 percent to $40.2 million, compared with $28.5 million during the same period on the prior year. Quarterly net income surged 79.2 percent to $12 million, compared with $6.7 million during the fourth quarter of fiscal 2007.
RBC said its full-year sales increased 12 percent excluding revenues from its class 8 heavy truck business, which saw decreased demand. Excluding the after-tax impacts of plant relocation () and other items, net income rose 22.3 percent.
The results also include about $300,000 in payments related to the U.S. Continued Dumping and Subsidy Offset Act, which protects companies from underpriced priced imports
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| CSXB070 bearing | 177.8 | 193.675 | 7.938 |
| CSXA120 bearing | 304.8 | 317.5 | 6.35 |