RBC Bearings Q2 fiscal 2023 revenue up 129% to $369.2M; adjusted EPS $1.93 vs $1.16

RBC Bearings INC

2023-Q2 EPS reported $2.40 revenue$723,247,000

GAAP diluted EPS $1.31, adjusted diluted EPS $1.93; net income $43.8M vs net loss $1.4M YoY.
Net sales $369.2M (+129.4% YoY), organic growth 9.9%; Industrial segment up 290.7% including $192.3M from Dodge.
Adjusted operating margin 20.6% vs 12.4% YoY; adjusted EBITDA margin 29.5% vs 28.2%.
Backlog $653.2M, up 43% from $456.7M a year ago; Q3 fiscal 2023 sales guidance $348M-$360M.
Entered $600M interest rate swap (fixed 4.455%) to hedge variable-rate Term Loan.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RBC Bearings INC reported second quarter of fiscal 2023 results: revenue $369.2 million, net income $38.1 million, EPS $1.31.

Period: second quarter of fiscal 2023
Revenue: $369.2 million
Net income: $38.1 million
EPS: $1.31
Result: reported results

Exact text from the filing

systems for the industrial, defense and aerospace industries, today reported results for the second quarter of fiscal 2023. Key Highlights ● Second quarter net sales of $369.2 million increased 129.4% over last year; organic net sales up 9.9%. ● Industrial segment organic net sales up 7.9% and Aerospace/Defense segment net sales up 11.4%. ● Second quarter

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Source: SEC EDGAR

accession 0001213900-22-070876

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