RBC Bearings (ROLL) Tops Q4 EPS by 2c
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RBC Bearings Incorporated Announces Fiscal 2016 Fourth Quarter Results
May 26, 2016 8:01 AM EDTOXFORD, 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 fourth quarter of fiscal year 2016.
Fourth Quarter Highlights
($ in millions) Â Â Â Fiscal 2016 Â Â Fiscal 2015 Â Â Change GAAP Â Â Adjusted (1) GAAP Â Â Adjusted (1) GAAP Â Â Adjusted (1) Net sales $ 162.3 Â Â $ 162.3 $ 113.4 Â Â $ 113.4 43.1 % Â Â 43.1 % Gross margin $ 60.4 $ 60.4 $ 44.9 $ 44.9 34.4 % 34.4 % Gross margin % 37.2 % 37.2 % 39.6 % 39.6 % Operating income $ 30.8 $ 32.5 $ 25.3 $ 25.4 21.7 % 28.1 % Operating income % 19.0 % 20.0 % 22.3 % 22.4 % Net income $ 18.9 $ 20.2 $ 14.9 $ 17.1 26.8 % 18.7 % Diluted EPS $ 0.81 $ 0.86 $... More