Seaport Global Securities Downgrades RBC Bearings (ROLL) to Accumulate
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RBC Bearings Incorporated Announces Fiscal 2016 Second Quarter Results
November 5, 2015 8:00 AM ESTOXFORD, Conn.--(BUSINESS WIRE)-- RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer of highly-engineered precision bearings and components for the industrial, defense and aerospace industries, today reported results for the second quarter of fiscal year 2016.
Second Quarter Highlights
   ($ in millions) Fiscal 2016 Fiscal 2015 Change GAAP  Adjusted (1) GAAP  Adjusted (1) GAAP  Adjusted (1) Net sales $148.7  $148.7 $112.6  $112.6 32.1%  32.1% Gross margin $52.1 $56.4 $39.8 $43.5 31.1% 29.8% Gross margin % 35.1% 37.9% 35.3% 38.6% Operating income $23.6 $29.2 $18.3 $24.7 29.0% 18.2% Operating income % 15.9% 19.6% 16.3% 21.9% Net income $14.5 $17.8 $13.2... More