RBC Q4 Earnings By The Numbers: Guides Q1 Above Consensus
Portfolio Pulse from Lekha Gupta
RBC Bearings Inc reported Q4 FY23 net sales of $394.4 million, up 9.9% Y/Y, beating the consensus of $381.6 million. Industrial segment sales rose 7.4% Y/Y, and Aerospace/Defense segment sales increased 16.0% Y/Y. Adjusted EPS was $2.13, beating the consensus of $1.99. The company expects Q1 FY24 net sales of $380.0 million-$390.0 million.
May 19, 2023 | 4:20 pm
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RBC Bearings reported better-than-expected Q4 FY23 results with net sales of $394.4 million and adjusted EPS of $2.13. The company also provided a positive outlook for Q1 FY24.
RBC Bearings reported strong Q4 FY23 results, beating consensus estimates for both net sales and adjusted EPS. The company's positive outlook for Q1 FY24 indicates continued growth, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100