RBC Bearings announces 15.2% increased net sales for Q2 2027
For the second quarter of fiscal 2027, RBC Bearings Inc. reported net sales were $524.6 million, a 15.2% increase over last year.
The company's Aerospace & Defense division rose 15.8% and Industrial was up 14.8%.
Gross margin was 45.6% for the second quarter of fiscal 2027 compared to 44.1% last year; Adjusted gross margin was 45.6% compared to 44.9% last year.
Second quarter net income as a percentage of net sales of 17.9% versus 13.2% last year;
Chairman and Chief Executive Officer Dr. Michael J. Hartnett said, “RBC seems to be operating in an environment that is tailor-made for our products. Revenues in both A&D and industrial products grew at mid-teen levels while year on year gross margins expanded. Backlog increased and considerable debt was retired. We are thrilled to report the next six months are positioned to show an even better second half.”
Gross margin for the second quarter of fiscal 2027 was $239.0 million compared to $200.6 million for the same period last year. On an adjusted basis, gross margin was $239.0 million for the second quarter of fiscal 2027 compared to $204.3 million for the same period last year. Gross margin for the second quarter of fiscal 2027 was favorably impacted by $1.7 million of tariff refunds.
SG&A for the second quarter of fiscal 2027 was $83.4 million, an increase of $6.0 million from $77.4 million for the same period last year. As a percentage of net sales, SG&A was 15.9% for the second quarter of fiscal 2027 compared to 17.0% for the same period last year.
Other operating expenses for the second quarter of fiscal 2027 totaled $24.0 million compared to $25.4 million for the same period last year. For the second quarter of fiscal 2027, other operating expenses included $21.3 million of amortization of intangible assets, $1.1 of restructuring costs and $1.6 of other items. For the second quarter of fiscal 2026, other operating expenses included $20.7 million of amortization of intangible assets, $2.6 million of restructuring costs, $0.9 of acquisition costs and $1.2 million of other expense items.
Operating income for the second quarter of fiscal 2027 was $131.6 million compared to $97.8 million for the same period last year. On an adjusted basis, operating income was $132.7 million for the second quarter of fiscal 2027 compared to $105.0 million for the same period last year. Refer to the tables below for details on the adjustments made to operating income to derive adjusted operating income.
INDUSTRIAL SUPPLY MAGAZINE
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