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RBC Bearings Inc. (ROLL) filed Quarterly Report for the period ended 2011-10-01.
Rbc Bearings Inc. has a market cap of $859.3 million; its shares were traded at around $39.17 with a P/E ratio of 22.6 and P/S ratio of 2.6.
This is the annual revenues and earnings per share of ROLL over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ROLL.
Highlight of Business Operations:
The Roller Bearings segment achieved net sales of $29.9 million for the three month period ended October 1, 2011, an increase of $5.0 million, or 20.3%, compared to $24.9 million for the same period in the prior fiscal year. Of this increase, net sales to the diversified industrial sector contributed $3.9 million combined with a $1.1 million increase in net sales, mainly to aerospace customers.Operating income was $18.4 million, or 18.8% of net sales, for the three month period ended October 1, 2011 compared to $13.9 million, or 16.7% of net sales, for the three month period ended October 2, 2010. Operating income for the Plain Bearings segment was $14.9 million for the three month period ended October 1, 2011, or 30.0% of net sales, compared to $10.8 million for the same period last fiscal year, or 26.3% of net sales. Our Roller Bearings segment achieved an operating income for the three month period ended October 1, 2011 of $9.4 million, or 31.4% of net sales, compared to $6.9 million, or 27.6% of net sales, for the three month period ended October 2, 2010. Our Ball Bearings segment reported operating income of $1.0 million, or 9.4% of net sales, for the three month period ended October 1, 2011, compared to operating income of $1.5 million, or 13.5% of net sales, for the same period in fiscal 2011. Our Other segment achieved operating income of $1.7 million, or 23.2% of net sales, for the three month period ended October 1, 2011, compared to $1.5 million, or 24.3% of net sales, for the same period in fiscal 2011.
The Roller Bearings segment achieved net sales of $58.1 million for the six month period ended October 1, 2011, an increase of $9.8 million, or 20.3%, compared to $48.3 million for the same period in the prior fiscal year. Of this increase, net sales to the diversified industrial sector contributed $7.3 million combined with a $2.5 million increase in net sales, mainly to aerospace customers.
Selling, General and Administrative. SG&A expenses increased by $4.3 million, or 16.8%, to $29.8 million for the six month period ended October 1, 2011 compared to $25.5 million for the same period in fiscal 2011. As a percentage of net sales, SG&A was 15.6% for the six month period ended October 1, 2011 compared to 15.4% for the six month period ended October 2, 2010. The increase of $4.3 million was primarily attributable to personnel-related cost increases.
Operating income was $35.4 million, or 18.5% of net sales, for the six month period ended October 1, 2011 compared to $27.9 million, or 16.9% of net sales, for the six month period ended October 2, 2010. Operating income for the Plain Bearings segment was $27.7 million for the six month period ended October 1, 2011, or 28.6% of net sales, compared to $23.7 million for the same period last fiscal year, or 28.4% of net sales. Our Roller Bearings segment achieved an operating income for the six month period ended October 1, 2011 of $18.0 million, or 31.0% of net sales, compared to $13.4 million, or 27.7% of net sales, for the six month period ended October 2, 2010. Our Ball Bearings segment reported operating income of $1.8 million, or 8.8% of net sales, for the six month period ended October 1, 2011, compared to operating income of $1.4 million, or 6.8% of net sales, for the same period in fiscal 2011. Our Other segment achieved operating income of $3.8 million, or 25.0% of net sales, for the six month period ended October 1, 2011, compared to $2.9 million, or 23.3% of net sales, for the same period in fiscal 2011.
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