Manufacturer earnings reports

Ironclad Performance Wear, RBC Bearings, Rockwell Automation and Allied Motion among companies reporting earnings growth in the latest quarter.

Ironclad Performance Wear
Ironclad reported net sales for the third quarter of 2011 of $5.71 million, an increase of 68.6% percent from the third quarter 2010. This increase is primarily the result of Ironclad's continued strong growth in the industrial/safety sales channel, particularly in the oil and gas market; increased penetration in the retail automotive sector; and the growth of specialty-branded glove styles.

Net income increased to $543,918, or 1 cent per share, in the third quarter 2011, compared to $140,862 in the same period last year.

"Ironclad continues to see significant growth in the industrial, safety and retail markets, particularly the retail automotive channels," said Scott Jarus, chairman and CEO of Ironclad. "Additionally, both our co-branded business, such as the gloves we produce for 5.11 Tactical, along with international sales, have continued to exceed our earlier expectations."

RBC Bearings
RBC Bearings said its net sales for the second quarter of fiscal 2012 were $97.8 million, an increase of 17.6% from $83.1 million in the second quarter of fiscal 2011. The increase of 17.6% was driven by an increase of 17.8% in industrial business and by a 17.4% increase in net sales in aerospace and defense business.

The manufacturer of highly-engineered precision plain, roller and ball bearings reported net income of $11.6 million, or 52 cents per share, compared to net income of $8.6 million, or 39 cents per share, in the same period last year.

"We are seeing sustained demand in many of our core industrial end markets, including distribution, construction, mining, and energy, and we continue to benefit from increased activity with the major aircraft manufacturers. We have a strong backlog and balance sheet to support our growth plans for the coming quarters and into our fiscal 2013," said Dr. Michael J. Hartnett, chairman and CEO.

Rockwell Automation
Rockwell Automation reported fiscal 2011 fourth quarter sales of $1.6 billion, up 22 percent from $1.3 billion in the fourth quarter of fiscal 2010. Net income was $201.8 million, or $1.39 per share, compared to $131.3 million, or 91 cents per share, a year ago, an increase of 53 percent on a per-share basis.

Full-year sales were $6 billion, up 24 percent compared to $4.8 billion in fiscal 2010.

The Control Products & Solutions segment fourth-quarter sales were $971.0 million, an increase of 24 percent from $781.0 million last year.

Allied Motion Technologies
Allied Motion announced it achieved record profit for the third quarter, with net income of $1.5 million, or 18 cents per diluted share, compared to net income of $1.1 million, or 14 cents per diluted share, for the quarter 2010. Revenues for the quarter increased 24% to $27.3 million compared to $22.0 million last year.

The results include the incremental results from Ostergrens Elmotor AB, a Swedish company acquired in December 2010. Of the 24% increase in revenues, revenues from existing businesses increased 4% and incremental revenues achieved by Ostergrens contributed 20% of the increase.

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