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.

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.

Related Posts

  • Avnet, Inc. on Aug. 10 reported 2022 fiscal-year sales of $24.3 billion, a 24.5% increase over the prior year.

    The company’s 2022 fiscal second-quarter sales were $5.9 billion, up from $4.7 billion the year…

  • SiteOne 2021 4Q and year end sales

    The Roswell, Georgia-based landscape company also reported 2021 year-end net sales of $3.48 billion, a…

  • Kennametal 2Q 2022 earnings

    Pittsburgh-based Kennametal Inc. says its fiscal 2022 second-quarter sales of $487 million were 10% above…

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment