RBC Bearings reports Q4 adjusted EPS $2.47, consensus $2.36

Reports Q4 revenue $413.7M, consensus $413.51M. “Fiscal 2024 marked another record year for RBC and we expect to carry that momentum into fiscal 2025,” said Michael Hartnett, Chairman and Chief Executive Officer. “Our Aerospace and Defense segment continued its strong secular growth with revenues expanding 20.7% in the year, and our Industrial segment continued to outpace broader industry trends with notable outgrowth relative to peers. We also delivered healthy margin expansion fueled by operating efficiencies and ongoing Dodge synergies coupled with record levels of free cash flow generation, which was used to further reduce debt to a post-Dodge low. We look to another year of strong free cash flow generation and debt reduction, with the Company poised to finish Fiscal 2025 with net leverage nicely below 2.0x.”