RBC Bearings Q4 net sales up 9.9% to $394.4M; adjusted EPS $2.13 vs $1.93 YoY

RBC Bearings INC

2023-FY EPS reported $4.94 revenue$1,469,300,000

GAAP diluted EPS $1.49, adjusted diluted EPS $2.13; net income $49.2M vs $31.5M YoY.
Industrial segment sales +7.4%; Aerospace/Defense +16.0% driving growth.
Full-year net sales $1,469.3M up 55.8%; adjusted operating margin 20.7% from 17.8%.
Term loan reduced $70M in Q4; $400M total reduction since Nov 2021.
Q1 FY2024 sales guidance $380-390M (7.3-10.1% growth vs prior year).

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 0.95

RBC Bearings INC reported financial results for the quarter ended April 1, 2023 and full fiscal year ended April 1, 2023.

Period: the quarter ended April 1, 2023 and full fiscal year ended April 1, 2023
Result: reported results

Exact text from the filing

On May 19, 2023 , RBC Bearings Incorporated (the “Company”) issued a press release announcing its financial results for the quarter ended April 1, 2023 and full fiscal year ended April 1, 2023, and certain other information.

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Source: SEC EDGAR

accession 0001213900-23-041336

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