RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, today reported results for the first quarter of fiscal year 2012.
First Quarter Highlights
|($ in millions)||Q1 FY 2012||Q1 FY 2011||Change|
|Gross margin %||34.1||%||31.9||%|
|Operating income %||18.2||%||17.1||%|
“We are pleased with the strong results in the first quarter of fiscal 2012 from both the diversified industrial and aerospace markets,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. “We continue to see strong demand in our core industrial markets, including OEM, and we are increasing our production rates to support the increased demand we are seeing in this sector. Relative to the aerospace markets, momentum continues to build following several quarters of sequential growth and we are planning for increased demand in the coming quarters.”