secwatch.observer — SEC 8-K summary
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Issuer:     RBC Bearings INC (RBC)
CIK:        0001324948
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001213900-23-063224
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBC Bearings Q1 net sales $387M (+9.3%); GAAP EPS $1.52, adjusted $2.13
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- Net sales $387.1M, +9.3% YoY; Aerospace/Defense +21.2%, Industrial +4.7%.
- Gross margin 43.4% vs 39.9% last year; adjusted operating margin 22.0% vs 19.3%.
- GAAP diluted EPS $1.52, adjusted diluted EPS $2.13; GAAP net income $50.0M, adjusted $67.7M.
- Free cash flow $55.1M; net debt to adjusted EBITDA 2.84x; backlog $641.1M.
- Q2 FY2024 outlook: net sales $380-390M; full year expected ~$1.6B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1324948/000121390023063224/0001213900-23-063224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1324948/000121390023063224/ea182863-8k_rbcbearings.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-063224

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