RBC Bearings Inc

NYSE:RBCUnited States

Nov 1, 2024

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• RBC Bearings' Fiscal Q2 Adjusted Earnings, Net Sales Gain; Issues Fiscal Q3 Sales Outlook, from 8:23AM ET on Friday Nov 01, 2024 by MT Newswires

  8:23AM ET on Friday Nov 01, 2024 by MT Newswires
  Companies Mentioned: RBC
  08:23 AM EDT, 11/01/2024 (MT Newswires) -- RBC Bearings (RBC) reported fiscal Q2 adjusted earnings Friday of $2.29 per diluted share, up from $2.17 a year earlier. Analysts polled by Capital IQ expected $2.30. Net sales for the quarter ended Sept. 2...

• -- Earnings Flash (RBC) RBC BEARINGS INCORPORATED Reports Q2 Revenue $397.9M, from 8:01AM ET on Friday Nov 01, 2024 by MT Newswires

  8:01AM ET on Friday Nov 01, 2024 by MT Newswires
  Companies Mentioned: RBC
  08:01 AM EDT, 11/01/2024 (MT Newswires) -- ...

• RBC Bearings Incorporated Announces Fiscal Second Quarter 2025 Results, from 8:00AM ET on Friday Nov 01, 2024 by Dow Jones

  8:00AM ET on Friday Nov 01, 2024 by Dow Jones
  Companies Mentioned: RBC
  Net income $ 115.6 $ 101.7 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 60.2 59.7 Deferred income taxes (10.2) (6.5) Amortization of deferred financing costs 1.0 1.6 Stock-based compensation 13.1 9.1 Noncash operating lease expense 3.2 3.5 Loss on disposition of assets 0.1 0.4 Consolidation, restructuring, and other noncash charges - 0.6 Changes in operating assets and liabilities, net of acquisitions: Accounts receivable 0.8 (3.7) Inventory (20.7) (24.8) Prepaid expenses and other current assets (7.0) (0.7) Other noncurrent assets (2.0) (2.0) Accounts payable 11.0 (16.0) Accrued expenses and other current liabilities (16.2) (7.7) Other noncurrent liabilities (8.5) (0.4) ---------- ---------- Net cash provided by operating activities 140.4 114.8 Cash flows from investing activities: Capital expenditures (25.2) (14.2) Proceeds from sale of assets - 0.4 Acquisition of business/purchase price adjustments for acquisition - (18.7) ---------- ---------- Net cash used in investing activities (25.2) (32.5) Cash flows from financing activities: Proceeds received from revolving credit facility - 18.0 Repayments of revolving credit facilities (20.4) - Repayments of term loans (75.0) (90.0) Repayments of notes payable (1.3) (1.3) Proceeds from mortgage 4.5 - Principal payments on finance lease obligations (2.1) (1.6) Preferred stock dividends paid (11.5) (11.5) Exercise of stock options 25.2 3.0 Repurchase of common stock (8.4) (7.0) ---------- ---------- Net cash used in financing activities (89.0) (90.4) Effect of exchange rate changes on cash (0.6) (0.7) ---------- ---------- Cash and cash equivalents: Increase / (decrease) during the period 25.6 (8.8) Cash and cash equivalents, at beginning of period 63.5 65.4 ---------- ---------- Cash and cash equivalents, at end of period $ 89.1 $ 56.6 ========== ========== Supplemental disclosures of cash flow information: Cash paid for: Income taxes $ 57.9 $ 42.4 Interest 28.8 39.1 FY2025 Q3 Outlook - Modeling Items: Net sales $390.0 - $400.0 Gross margin (as a 42.50% - 43.50% percentage of net sales) SG&A (as a percentage 17.00% - 17.50% of net sales)
  

• *DJ RBC Bearings 2Q EPS $1.65 >RBC, from 8:00AM ET on Friday Nov 01, 2024 by Dow Jones

  8:00AM ET on Friday Nov 01, 2024 by Dow Jones
  Companies Mentioned: RBC