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RBC Bearings' Fiscal Q4 Adjusted Earnings, Net Sales Rise; Fiscal Q1 Net Sales Outlook Set
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RBC Bearings' Fiscal Q4 Adjusted Earnings, Net Sales Rise; Fiscal Q1 Net Sales Outlook Set
May 17, 2024 5:56 AM

08:38 AM EDT, 05/17/2024 (MT Newswires) -- RBC Bearings ( RBC ) reported fiscal Q4 adjusted earnings Friday of $2.47 per diluted share, up from $2.13 a year earlier.

Analysts surveyed by Capital IQ expected $2.35.

Net sales for the quarter ended March 30 were $413.7 million, up from $394.4 million a year earlier.

Analysts surveyed by Capital IQ expected $414 million.

The bearings-and-components manufacturer said it expects fiscal Q1 net sales of $415 million to $420 million.

An analyst polled by Capital IQ expects $411.2 million.

Shares of the company were up 1.2% in recent Friday premarket activity.

Price: 270.79, Change: +3.23, Percent Change: +1.21

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