R&B quarterly earnings up, sees higher 2002 results

Newswire

COLMAR, Pa., July 31 (Reuters) - R&B Inc. , an automotive parts supplier, on Wednesday reported stronger fiscal second-quarter earnings and forecast higher 2002 profits on sales growth and cost containment. R&B said that for the quarter ended June 29, sales rose 6.6 percent, to $55.5 million while net income rose to $2.8 million, or 31 cents per fully diluted share, from $1.6 million, or 18 cents per fully diluted share excluding goodwill amortization, a year ago. R&B, a ...

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