Posted May 7, 2010
General Bearing profit climbs in quarter
General Bearing Corp. reported sales of $32.6 million for the first quarter, 65% higher than the $19.8 million reported in the same quarter last year.
The West Nyack, N.Y.-based ball bearings manufacturer had net income of $1.04 million, or 29 cents per share, compared to income of $272,000, or 7 cents per share, in the same period last year.
General Bearing manufactures ball bearings, tapered roller bearings, spherical roller bearings, and cylindrical roller bearings, and bearing components.
