RBC Bearings Q3 fiscal 2023 net sales $351.6M (+31.7% YoY); adjusted EPS $1.64 vs $1.20

RBC Bearings INC

2023-Q3 EPS reported $3.45 revenue$1,074,872,000

Adjusted diluted EPS $1.64 vs $1.20 last year; GAAP diluted EPS $1.05 vs loss $0.18.
Organic net sales grew 12.7% YoY; Industrial segment organic up 11.8%, Aero/Defense up 13.2%.
Adjusted operating margin 20.4% vs 17.3%; adjusted net income attributable to common $47.7M vs $34.8M.
Backlog $613.6M at Dec 31, 2022, down from $653.2M at Oct 1 but up from $552.7M a year ago.
Q4 fiscal 2023 net sales guidance $375-385M, growth 4.5-7.3%; term loan reduced $60M in Q3.

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 financial results for the third quarter of fiscal 2023.

Period: the third quarter of fiscal 2023
Result: reported results

Exact text from the filing

On February 9, 2023 , RBC Bearings Incorporated (the “Company”) issued a press release announcing its financial results for the quarter ended December 31, 2022, and certain other information.

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RBC Bearings INC filing history →

Source: SEC EDGAR

accession 0001213900-23-009820

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