Home Blog General Bearing Q2 Profit Declines

General Bearing Q2 Profit Declines

Release time : 2015-06-15 11:52:25
General Bearing Corp. reported net income for the second quarter of $1.5 million or $0.40 per share, lower than $1.8 million or $0.46 per share in the same quarter a year-ago. Quarterly sales rose to $35.1 million from $32.5 million in the previous year quarter. For the six-month period, net income was $2.7 million or $0.71 per share, compared to $3.5 million or $0.90 per share in the prior year period. Sales for the period were $69.2 million, up from $64.2 million in the year-ago period. The aforementioned interim financial statements are also available on the Company???s website at www.generalbearing.com General Bearing manufactures ball bearings, tapered roller bearings, spherical roller bearings, and cylindrical roller bearings, and bearing components.