M&A
confidence high
sentiment neutral
materiality 0.60
RBC Bearings files Dodge financials: 2020 rev $550M, net income $67.6M for pending acquisition
RBC Bearings INC
- Dodge 2020 revenue $549.9M, net income $67.6M; 2019 revenue $612.4M, net income $77.0M.
- Dodge total assets $1.35B as of Dec 31, 2020, including goodwill of $809.9M.
- Pro forma combined financials for FY2021 (year ended Apr 3, 2021) and Q1 FY2022 filed as Exhibit 99.3.
- Acquisition of Dodge from ABB announced July 2021; closing subject to customary conditions.