RBC Bearings Incorporated Reports Earnings Results for the Fourth Quarter and Full Year Ended March 30, 2024
May 17, 2024 at 09:59 am EDT
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RBC Bearings Incorporated reported earnings results for the fourth quarter and full year ended March 30, 2024. For the fourth quarter, the company reported sales was USD 413.68 million compared to USD 394.42 million a year ago. Net income was USD 61.67 million compared to USD 49.16 million a year ago. Basic earnings per share from continuing operations was USD 1.93 compared to USD 1.51 a year ago. Diluted earnings per share from continuing operations was USD 1.91 compared to USD 1.49 a year ago.
For the full year, sales was USD 1,560.28 million compared to USD 1,469.29 million a year ago. Net income was USD 209.9 million compared to USD 166.66 million a year ago. Basic earnings per share from continuing operations was USD 6.47 compared to USD 5 a year ago. Diluted earnings per share from continuing operations was USD 6.41 compared to USD 4.94 a year ago.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings, components, and essential systems. The Company is primarily focused on producing highly technical or regulated bearing products and components requiring design, testing, and manufacturing capabilities for the diversified industrial, aerospace and defense markets. Its Aerospace/Defense segment represents the end markets for the Companyâs highly engineered bearings and precision components used in commercial aerospace, defense aerospace, and marine and ground defense applications. Its Industrial segment represents the end markets for the Companyâs highly engineered bearings, gearings and precision components used in various industrial applications, including power transmission; construction, mining, energy and specialized equipment manufacturing; semiconductor production equipment manufacturing; agricultural machinery, commercial truck and automotive manufacturing; and tool holding.
RBC BEARINGS INCORPORATED 
