RBC Bearings Q3 Profit Rises - Quick Facts

(RTTNews) - RBC Bearings Incorporated (ROLL), an international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, reported third-quarter net income of $12.8 million, compared to $12.1 million, last year. Earnings per share was $0.55, compared to $0.53, last year. Excluding the discrete tax benefit in the third quarter of fiscal 2013, net income was $12.8 million, or $0.55 per share for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.66 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $100.5 million, an increase of 4.4% from $96.3 million, a year ago. The company said the increase in net sales was mainly the result of an 8.6% increase in aerospace and defense driven by commercial aircraft build rates and the inclusion of two acquisitions, WPA and TCI. Analysts expected revenue of $106.30 million for the quarter.