RBC Bearings (ROLL) Tops Q2 EPS by 1c
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RBC Bearings Incorporated Announces Fiscal 2017 Second Quarter Results
November 3, 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 second quarter of fiscal year 2017.
Second Quarter Highlights
($ in millions) Â Â Â Fiscal 2017 Â Â Fiscal 2016 Â Â Change GAAP Â Adjusted (1) GAAP Â Adjusted (1) GAAP Â Adjusted (1) Net sales $153.9 Â $153.9 $148.7 Â $148.7 3.5% Â 3.5% Gross margin $56.7 $56.7 $52.1 $56.4 8.9% 0.6% Gross margin % 36.9% 36.9% 35.1% 37.9% Operating income $29.6 $29.8 $23.6 $29.2 25.2% 2.1% Operating income % 19.2% 19.3% 15.9% 19.6% Net income $18.2 $18.4 $14.5 $17.8 25.5% 3.3% Diluted EPS $0.77 $0.78... More