RBC Bearings (ROLL) Misses Q2 EPS by 2c, Q3 Revenue Guidance Beats

RBC Bearings Incorporated Announces Fiscal 2018 Second Quarter Results

November 3, 2017 8:00 AM EDT

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 second quarter of fiscal year 2018.

Second Quarter Highlights

($ in millions)     Fiscal 2018     Fiscal 2017     Change GAAP     Adjusted (1) GAAP     Adjusted (1) GAAP     Adjusted (1) Net sales $164.3     $164.3 $153.9     $153.9 6.7%     6.7% Gross margin $61.8 $61.8 $56.7 $56.7 9.0% 9.0% Gross margin % 37.6% 37.6% 36.9% 36.9% Operating income $25.3 $31.8 $29.6 $29.8 -14.5% 6.7% Operating income % 15.4% 19.3% 19.2% 19.3% Net income $14.8 $20.3 $18.2 $18.4... More