secwatch.observer — SEC 8-K summary
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Issuer:     RBC Bearings INC (RBC)
CIK:        0001324948
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001213900-22-070876
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1324948/000121390022070876/0001213900-22-070876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1324948/000121390022070876/ea168355-8k_rbcbearings.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-070876

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