Regal-Beloit (RBC) Misses Q4 EPS by 3c

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RBC Bearings Incorporated Announces Fiscal 2023 Third Quarter Results

February 9, 2023 5:00 PM EST

OXFORD, Conn.--(BUSINESS WIRE)-- RBC Bearings Incorporated (NYSE: RBC, RBCP), 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 third quarter of fiscal 2023.

Key Highlights

Third quarter net sales of $351.6 million increased 31.7% over last year; organic net sales up 12.7%. Industrial segment third quarter organic net sales up 11.8% year over year and Aerospace/Defense segment third quarter net sales up 13.2%. Third quarter net income as a percentage... More