RBC Bearings (ROLL) Tops Q2 EPS by 13c, Revenue Miss; Offers 3Q EPS Guidance Below Consensus
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RBC Bearings Incorporated Announces Fiscal 2019 Second Quarter Results
November 2, 2018 8:00 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 2019.
Second Quarter Highlights
($ in millions) Fiscal 2019 Fiscal 2018 Change GAAP Adjusted (1) GAAP Adjusted (1) GAAP Adjusted (1) Net sales $172.9 $172.9 $164.3 $164.3 5.2% 5.2% Gross margin $67.8 $67.8 $61.9 $61.9 9.5% 9.5% Gross margin % 39.2% 39.2% 37.7% 37.7% Operating income $35.9 $35.9 $25.4 $31.9 41.1% 12.4% Operating income % 20.8% 20.8% 15.5% 19.4% Net income $30.1 $30.2... More