RBC Fiscal 4Q Sales Up Nearly 124%

The company reported fiscal 2022 fourth-quarter net sales of $358.9 million and gross margin of $137.5 million.
RBC FY 2022 earnings

Bearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL) of Oxford, Connecticut, reported fiscal 2022 fourth-quarter net sales of $358.9 million, an increase of 123.9% over the same quarter last year.

Fourth-quarter gross margin was $137.5 million, while EBITDA was 25.6%, RBC said.

For the fiscal year, RBC reported $942 million in net sales, compared to $609 million in FY 2021. Adjusted net income for the year was $118 million, up from $97 million.

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