earnings
confidence high
sentiment neutral
materiality 0.70
RBC Bearings Q3 revenue $267M (+83% YoY); adj. EPS $0.70, Q4 guidance $340-350M
RBC Bearings INC
2022-Q3 EPS reported
$1.00
revenue$584,058,000
- Net sales $267.0M, up 83% YoY; organic growth 7.6%. Industrial segment +230.4%, Aerospace/Defense flat.
- GAAP net loss available to common ($5.8M); diluted EPS ($0.20). Adjusted net income $26.1M, adj. EPS $0.70.
- Q4 fiscal 2022 revenue guidance $340-350M including three months of Dodge acquisition.
- Adjusted gross margin 37.6% vs 38.7% last year; adjusted EBITDA 26.7% vs 28.1%.
- Backlog $552.7M, up from $393.9M a year ago and $456.7M last quarter.