RBC Bearings Q4 sales $413.7M (+4.9% YoY); adj. EPS $2.47 vs $2.13; guides Q1 $415-420M

RBC Bearings INC

2024-FY EPS reported $6.41 revenue$1,560,300,000

Q4 GAAP diluted EPS $1.91, adjusted EPS $2.47 (+16%); full year adj. EPS $8.62 vs $7.48.
Aerospace/Defense segment sales +16.8% YoY; Industrial segment -0.4%.
Backlog $726.1M at Mar 30, 2024, up from $663.8M a year earlier.
Preferred stock conversion on Oct 15, 2024 saves $23M annual cash; Q1 FY2025 sales guided $415-420M (+7.2-8.5%).
Full year free cash flow conversion 115% vs 107% prior year; net leverage targeted below 2.0x by FY2025 end.

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 the full fiscal year ended March 30, 2024 results: revenue $1,560.3 million, net income $209.9 million, EPS $6.41.

Period: the full fiscal year ended March 30, 2024
Revenue: $1,560.3 million
Net income: $209.9 million
EPS: $6.41
Result: reported results

Exact text from the filing

% 16.8 % Diluted EPS $ 1.91 $ 2.47 $ 1.49 $ 2.13 28.2 % 16.0 % (1) Results exclude items in reconciliation below. Fiscal 2024 Financial Highlights ● Fiscal 2024 net sales of $1,560.3 million increased 6.2% over last year, Aerospace/Defense up 20.7% and Industrial up 0.2%. ● Gross margin of 43.0% for fiscal 2024 compared to 41.2% last year. ● Fiscal 2024 net income

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RBC Bearings INC reported the quarter ended March 30, 2024 results: revenue $413.7 million, net income $61.6 million, EPS $1.91.

Period: the quarter ended March 30, 2024
Revenue: $413.7 million
Net income: $61.6 million
EPS: $1.91
Result: reported results

Exact text from the filing

defense and aerospace industries, today reported results for the fourth quarter and full year fiscal 2024. Fourth Quarter Financial Highlights ● Fourth quarter net sales of $413.7 million increased 4.9% over last year, Aerospace/Defense up 16.8% and Industrial down 0.4%. ● Gross margin of 43.1% for the fourth quarter of fiscal 2024 compared to 42.2% last year. ●

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Source: SEC EDGAR

accession 0001213900-24-044549

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