RBC Bearings (ROLL) Beats Q3 Earnings & Revenue Estimates
Zacks Investment Research | Feb 06, 2018 10:27PM ET
RBC Bearings Incorporated (NASDAQ:ROLL) reported better-than-expected results for third-quarter fiscal 2018 (ended Dec 30, 2017).
Earnings and Revenues
Quarterly adjusted earnings came in at $1.05 per share, beating the Zacks Consensus Estimate of 86 cents. The top line also comfortably exceeded the year-ago tally of 73 cents per share.
Net sales in the reported quarter came in at $166.9 million, surpassing the Zacks Consensus Estimate of $163 million. In addition, the top line came in 13.8% higher than the year-ago figure. The upswing stemmed from strong demand secured from the industrial and aerospace end-markets.
Segmental Performance
Plain Bearingsrevenues improved 6% year over year to $69.8 million, while Roller Bearings sales climbed 24.2% to $32.5 million. Ball Bearings sales came in at $16.5 million, up 20.4% year over year. Engineered Productssales improved 17.4% year over year to $48.1 million.
RBC Bearings Incorporated Price, Consensus and EPS Surprise
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