RBC Bearings (RBC) Q4 Earnings Surpass Estimates, Up Y/Y
RBCRBC Bearings(RBC) zacks.com·2024-05-20 19:15

RBC Bearings Incorporated’s (RBC) fourth-quarter fiscal 2024 (ended March 2024) adjusted earnings of $2.47 per share beat the Zacks Consensus Estimate of $2.32. The figure increased 16% from the year-ago adjusted earnings of $2.13, supported by higher revenues.Revenue DetailsIn the quarter under review, RBC Bearings’ revenues were $413.7 million, which increased 4.9% year over year. However, the figure missed the Zacks Consensus Estimate of $416 million.While exiting the reported quarter, RBC had a backlog ...