RBC Bearings (ROLL) Misses Q4 EPS by 6c, Beats on Revenues

RBC Bearings (NASDAQ: ROLL) reported Q4 EPS of $1.08, $0.06 worse than the analyst estimate of $1.14. Revenue for the quarter came in at $179.9 million versus the consensus estimate of $175.55 million.

Key Highlights

• Organic net sales growth of 13.5% in the fourth quarter 2018 and 10.0% for fiscal year 2018
• Adjusted diluted EPS for the fourth quarter of $1.08 increased 20.0% and full year fiscal 2018 adjusted diluted EPS of $3.87 increased 22.1%
• Adjusted operating income was 20.2% of net sales for fiscal 2018 compared to 19.7% for the same period last year
• Full year fiscal 2018 operating cash flow of $130.3 million increased 28.7%

“The fourth quarter completed a tremendous year for RBC Bearings and I couldn’t be more pleased with our performance,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. “Most of our industrial and aerospace markets contributed to achieve strong organic growth and free cash flow generation supported a net debt reduction of over 100 million dollars over the year.”

For earnings history and earnings-related data on RBC Bearings (ROLL) click here.

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