RBC Bearings (ROLL) Tops Q3 EPS by 1c

RBC Bearings Incorporated Announces Fiscal 2016 Third Quarter Results

February 3, 2016 8:01 AM EST

OXFORD, 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 third quarter of fiscal year 2016.

                       

 

Third Quarter Highlights

  ($ in millions) Fiscal 2016 Fiscal 2015 Change     GAAP     Adjusted (1)   GAAP     Adjusted (1)   GAAP     Adjusted (1) Net sales $ 144.2 $ 144.2 $ 106.3 $ 106.3 35.6 % 35.6 % Gross margin $ 53.5 $ 54.1 $ 41.7 $ 41.7 28.5 % 29.8 % Gross margin % 37.1 % 37.5 % 39.2 % 39.2 % Operating income $ 27.1 $ 27.6 $ 20.6 $ 22.2 31.4 % 24.5 % Operating income % 18.8 % 19.2 % 19.4 % 20.9 % Net income $ 17.0 $ 17.3 $ 14.1 $ 14.4 21.3 % 19.7 % Diluted EPS $ 0.73 $ 0.73 $ 0.60... More