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RBC Bearings Non-GAAP EPS of $2.13 beats by $0.27, revenue of $394.4M beats by $14.48M

May 19, 2023 1:23 PM ETRBC Bearings Incorporated (RBC)By: Mary Christine Joy, SA News Editor
  • RBC Bearings press release (NYSE:RBC): FQ4 Non-GAAP EPS of $2.13 beats by $0.27.
  • Revenue of $394.4M (+9.9% Y/Y) beats by $14.48M.
  • Fourth quarter net income as a percentage of net sales of 12.5% vs 8.8% last year.
  • Adjusted EBITDA as a percentage of net sales of 30.7% vs 29.1% last year.
  • The company expects net sales to be approximately $380.0M to $390.0M million in the first quarter of fiscal 2024, compared to $354.1 million last year, a growth rate of 7.3% to 10.1%. The consensus is $380.28M.

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