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RBC Bearings Incorporated Announces Fiscal 2024 Third Quarter Results [Yahoo! Finance]

RBC Bearings Incorporated (RBC) 
Last rbc bearings incorporated earnings: 2/3 05:17 pm Check Earnings Report
Company Research Source: Yahoo! Finance
engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today reported results for the third quarter of fiscal 2024. Third Quarter Financial Highlights Third quarter net sales of $373.9 million increased 6.3% over last year, Aerospace/Defense up 22.5% and Industrial down 0.6%. Gross margin of 42.3% in the third quarter of fiscal 2024 compared to 41.5% for the same quarter last year. Third quarter net income as a percentage of net sales of 12.5% vs 10.3% last year; Adjusted EBITDA as a percentage of net sales of 29.3% vs 29.4% last year. ($ in millions) Fiscal 2024 Fiscal 2023 Change GAAP Adjusted (1) GAAP Adjusted (1) GAAP Adjusted (1) Net sales Gross margin Gross margin % Operating income Operating income % Net income Net income attributable to common stockholders Diluted EPS (1) Results exclude items in reconciliation below. Nine Month Financial Highlights ($ in millions) Show less Read more
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