Loading...
•
Apr 01, 2023
RBC Bearings Q4 2023 Earnings Report
RBC Bearings reported strong growth in both Industrial and Aerospace/Defense segments, leading to net sales exceeding expectations and contributing to a record-setting year.
Key Takeaways
RBC Bearings reported a strong fourth quarter in fiscal year 2023, with net sales increasing by 9.9% to $394.4 million. The company experienced growth in both its Industrial and Aerospace/Defense segments. Net income for the quarter was $49.2 million, compared to $31.5 million in the same period last year.
Net sales increased by 9.9% to $394.4 million compared to the fourth quarter of fiscal 2022.
Industrial segment net sales increased by 7.4%, and Aerospace/Defense segment net sales increased by 16.0%.
Net income for the fourth quarter of fiscal 2023 was $49.2 million, compared to $31.5 million for the same period last year.
Diluted EPS attributable to common stockholders for the fourth quarter of fiscal 2023 was $1.49 compared to $0.89 for the same period last year.
Forward Guidance
The Company expects net sales to be approximately $380.0 million to $390.0 million in the first quarter of fiscal 2024, compared to $354.1 million last year, a growth rate of 7.3% to 10.1%.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...