RBC Bearings Q4 sales rise 4.9% to $413.7 million; fiscal diluted EPS $6.41
RBC Bearings reported fourth-quarter and full-year fiscal 2024 results, with net sales up 4.9% in the quarter and 6.2% for the year, and GAAP diluted EPS rising to $1.91 and $6.41. The company also guided first-quarter fiscal 2025 net sales to $415.0 million to $420.0 million, a growth rate of 7.2% to 8.5%, which points to continued revenue growth for shareholders.
- Q4 fiscal 2024 net sales were $413.7 million, up 4.9%, with Aerospace/Defense up 16.8% and Industrial down 0.4%.
- Fiscal 2024 GAAP diluted EPS was $6.41, versus $4.94 in fiscal 2023; adjusted diluted EPS was $8.62.
- Backlog was $726.1 million as of March 30, 2024, compared with $663.8 million a year earlier.
- Q1 fiscal 2025 net sales outlook is $415.0 million to $420.0 million, versus $387.1 million a year earlier.