earnings
confidence high
sentiment neutral
materiality 0.80
RBC Bearings Q2 net sales $160.9M (+10%); completed $2.9B Dodge acquisition; Q3 outlook $245-255M
RBC Bearings INC
2021-Q2 EPS reported
$1.27
revenue$317,105,000
- Diluted EPS GAAP $0.25 vs $0.82 YoY; adjusted EPS $0.89 vs $0.93 YoY.
- Industrial sales up 31.1% YoY; aerospace down 4.4%.
- Completed acquisition of Dodge for $2.9B on Nov 1, financed with debt and equity.
- Q3 guidance: net sales $245-$255M including two months of Dodge, growth 68-74.8%.
- Backlog $456.7M vs $403M prior year; cash from ops $40.2M vs $26.1M.