Why RBC Bearings Shares Are Gaining Today
RBC Bearings Inc (NASDAQ: ROLL ) reported fourth-quarter FY22 sales growth of 123.9% year-over-year to $358.9 million , beating the consensus of $349.79 million. The adjusted gross margin improved to 40.2% in Q4 from 39.1% in 4Q21. Adjusted operating income increased to $70.4 million ( 116.4% Y|Y), and margin contracted to … Full story available on Benzinga.com
Why RBC Bearings Shares Are Gaining Today
RBC Bearings Inc (NASDAQ: ROLL ) reported fourth-quarter FY22 sales growth of 123.9% year-over-year to $358.9 million , beating the consensus of $349.79 million. The adjusted gross margin improved to 40.2% in Q4 from 39.1% in 4Q21. Adjusted operating income increased to $70.4 million ( 116.4% Y|Y), and margin contracted to … Full story available on Benzinga.com