RBC Bearings (ROLL) Tops Q3 EPS by 2c

RBC Bearings Incorporated Announces Fiscal 2017 Third Quarter Results

February 8, 2017 8:00 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 2017.

                       

Third Quarter Highlights

  ($ in millions) Fiscal 2017 Fiscal 2016 Change GAAP     Adjusted (1) GAAP     Adjusted (1) GAAP     Adjusted (1) Net sales $146.7 $146.7 $144.2 $144.2 1.7% 1.7% Gross margin $52.4 $55.6 $53.5 $54.1 -2.1% 2.8% Gross margin % 35.7% 37.9% 37.1% 37.5% Operating income $20.5 $27.6 $27.1 $27.6 -24.1% -0.2% Operating income % 14.0% 18.8% 18.8% 19.2% Net income $12.8 $17.4 $17.0 $17.3... More