RBC Bearings Q4 2024 Earnings Report
Key Takeaways
RBC Bearings Incorporated reported Q4 2024 results with net sales of $413.7 million, a 4.9% increase from the same period last year. The Aerospace/Defense segment saw a 16.8% increase in net sales, while the Industrial segment decreased slightly by 0.4%. Net income was $61.6 million, compared to $49.2 million in the prior year.
Net sales increased by 4.9% to $413.7 million compared to the fourth quarter of fiscal 2023.
Aerospace/Defense segment net sales increased by 16.8%.
Net income for the quarter was $61.6 million, up from $49.2 million in the same period last year.
Backlog as of March 30, 2024, was $726.1 million.
RBC Bearings
RBC Bearings
RBC Bearings Revenue by Segment
Forward Guidance
The Company expects net sales to be approximately $415.0 million to $420.0 million in the first quarter of fiscal 2025, compared to $387.1 million this year, a growth rate of 7.2% to 8.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income