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Apr 02, 2022
RBC Bearings Q4 2022 Earnings Report
RBC Bearings' Q4 2022 performance demonstrated value from the Dodge Industrial merger, with significant increases in net sales and gross margin.
Key Takeaways
RBC Bearings reported a strong fourth quarter, driven by the acquisition of Dodge Industrial. Net sales increased significantly, and the company saw improvements in gross margin and operating income.
Net sales increased by 123.9% to $358.9 million, driven by the Dodge acquisition and growth in both Industrial and Aerospace/Defense segments.
Gross margin increased to $137.5 million, with an adjusted gross margin of $144.3 million.
Operating income rose to $57.8 million, with an adjusted operating income of $70.4 million.
Net income reached $32.2 million, or $1.26 per share on an adjusted diluted EPS basis.
Forward Guidance
The Company expects net sales to be approximately $355.0 million to $365.0 million in the first quarter of fiscal 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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