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Oct 02, 2021
RBC Bearings Q2 2022 Earnings Report
Reported a 10.0% increase in net sales, driven by exceptional growth in industrial markets and strong order flow for aerospace and defense products.
Key Takeaways
RBC Bearings Incorporated reported a 10.0% increase in net sales for the second quarter of fiscal year 2022, reaching $160.9 million. The company experienced significant growth in its industrial markets, while aerospace market net sales declined. Diluted EPS was $0.25 per share, and adjusted diluted EPS was $0.89 per share.
Net sales increased by 10.0% to $160.9 million compared to the same quarter last year.
Industrial market net sales increased by 31.1%, while aerospace market net sales declined by 4.4%.
Operating income was $27.1 million, with an adjusted operating income of $30.5 million excluding certain charges.
Backlog as of October 2, 2021, was $456.7 million.
Forward Guidance
The Company expects net sales to be approximately $245.0 million to $255.0 million in the third quarter of fiscal 2022, a growth rate of 68.0% to 74.8%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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