secwatch.observer — SEC 8-K summary
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Issuer:     RBC Bearings INC (RBC)
CIK:        0001324948
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001213900-22-044595
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.02, 4.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBC Bearings Q1 sales up 127%; restates prior years on stock-comp error, material weakness identified
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- Q1 net sales $354.1M (+126.7% YoY); GAAP EPS $1.09, adj. EPS $1.19.
- Q2 guidance: net sales $355-365M (121-127% growth YoY).
- Non-reliance on FY2020-22 financials; restating SG&A for stock-comp error; material weakness in ICFR.
- CEO and COO employment agreements amended to remove vesting acceleration provisions.
- Backlog $635.7M vs $420.2M a year ago; Dodge acquisition contributed $177.5M to sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1324948/000121390022044595/0001213900-22-044595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1324948/000121390022044595/ea163804-8k_rbcbearings.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-044595

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer