RBC Bearings (ROLL) Misses Q2 EPS by 14c

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Go back to RBC Bearings (ROLL) Misses Q2 EPS by 14c

RBC Bearings Incorporated Announces Fiscal 2022 Second Quarter Results

November 12, 2021 8:00 AM EST

OXFORD, CT--(BUSINESS WIRE)-- RBC Bearings Incorporated (Nasdaq: ROLL, ROLLP), 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 2022.

Key Highlights

Second quarter net sales of $160.9 million increased 10.0% over last year and were at the high end of our guidance range of $158.0 million to $162.0 million. Second quarter adjusted gross margin of $63.4 million, 39.4%, was up 8.2% over the same period last year (GAAP gross margin 38.8%). Second quarter... More