RBC Bearings (ROLL) Tops Q1 EPS by 45c

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Go back to RBC Bearings (ROLL) Tops Q1 EPS by 45c

RBC Bearings Incorporated Announces Fiscal 2023 First Quarter Results

August 4, 2022 8:00 AM EDT

OXFORD, Conn.--(BUSINESS WIRE)-- RBC Bearings Incorporated (Nasdaq: ROLL, ROLLP), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today reported results for the first quarter of fiscal 2023.

Key Highlights

First quarter net sales of $354.1 million increased 126.7% over last year; organic net sales up 13.1%. First quarter gross margin of $141.2 million, 39.9%. First quarter EBITDA of 27.4%; adjusted EBITDA of 28.4% vs last year adjusted EBITDA of 29.0%. Second quarter outlook shows net sales of $355 million to $365... More