Oxford's RBC Bearings Inc. lifted fourth-quarter profits by more than half on strong sales, capping a robust fiscal year for the maker of roller and ball bearings.
For three months ended March 31, RBC netted $15.5 million, or 69 cents a fully diluted share, up from $9.9 million, or 42 cents a share, netted the comparable period a year ago.
Fourth-quarter sales rose 25 percent to $111.3 million vs. $88.9 million last year.
For the full year, RBC netted $50 million, or $2.23 a share, up from $34.9 million, or $1.58 a share, earned in fiscal 2011.
In April, RBC collected some $3.6 million in relief from a defunct federal tariff program that shielded U.S. steelmakers from underpriced foreign steel dumped on the American market.
The financial impact of that gain is expected when the company reports fiscal first-quarter results this summer.
RBC has some 2,137 working and making bearings at 23 plants in four countries.