{"id":524021,"date":"2021-08-05T08:04:15","date_gmt":"2021-08-05T12:04:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results\/"},"modified":"2021-08-05T08:04:15","modified_gmt":"2021-08-05T12:04:15","slug":"rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results\/","title":{"rendered":"RBC Bearings Incorporated Announces Fiscal 2022 First Quarter Results"},"content":{"rendered":"

<\/p>\n

RBC Bearings Incorporated Announces Fiscal 2022 First Quarter Results<\/b><\/p>\n

OXFORD, Conn.–(BUSINESS WIRE<\/a>)–
\nRBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today reported results for the first quarter of fiscal year 2022.\n<\/p>\n

First Quarter Financial Highlights<\/span><\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n($ in millions)\n<\/p>\n<\/td>\n

\n\n

Fiscal 2022<\/b><\/p>\n<\/td>\n

\n\n

Fiscal 2021<\/b><\/p>\n<\/td>\n

\n\n

Change<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n

\nGAAP\n<\/p>\n<\/td>\n

\n\n

\nAdjusted (1)\n<\/p>\n<\/td>\n

\n\n

\nGAAP\n<\/p>\n<\/td>\n

\n\n

\nAdjusted (1)\n<\/p>\n<\/td>\n

\n\n

\nGAAP\n<\/p>\n<\/td>\n

\n\n

\nAdjusted (1)\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet sales\n<\/p>\n<\/td>\n

\n\n

\n$156.2\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$156.5\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n-0.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nGross margin\n<\/p>\n<\/td>\n

\n\n

\n$63.8\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$59.5\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n7.3%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nGross margin %\n<\/p>\n<\/td>\n

\n\n

\n40.8%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n38.0%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOperating income\n<\/p>\n<\/td>\n

\n\n

\n$30.7\n<\/p>\n<\/td>\n

\n\n

\n$31.3\n<\/p>\n<\/td>\n

\n\n

\n$28.8\n<\/p>\n<\/td>\n

\n\n

\n$29.9\n<\/p>\n<\/td>\n

\n\n

\n6.6%\n<\/p>\n<\/td>\n

\n\n

\n4.5%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOperating income %\n<\/p>\n<\/td>\n

\n\n

\n19.7%\n<\/p>\n<\/td>\n

\n\n

\n20.0%\n<\/p>\n<\/td>\n

\n\n

\n18.4%\n<\/p>\n<\/td>\n

\n\n

\n19.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet income\n<\/p>\n<\/td>\n

\n\n

\n$26.0\n<\/p>\n<\/td>\n

\n\n

\n$26.3\n<\/p>\n<\/td>\n

\n\n

\n$22.7\n<\/p>\n<\/td>\n

\n\n

\n$23.6\n<\/p>\n<\/td>\n

\n\n

\n14.6%\n<\/p>\n<\/td>\n

\n\n

\n11.4%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nDiluted EPS\n<\/p>\n<\/td>\n

\n\n

\n$1.03\n<\/p>\n<\/td>\n

\n\n

\n$1.04\n<\/p>\n<\/td>\n

\n\n

\n$0.91\n<\/p>\n<\/td>\n

\n\n

\n$0.95\n<\/p>\n<\/td>\n

\n\n

\n13.2%\n<\/p>\n<\/td>\n

\n\n

\n9.5%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n(1) Results exclude items in reconciliation below.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nDr. Michael J. Hartnett, Chairman and Chief Executive Officer, said, \u201cFirst quarter results were in line with our expectations. Our team maintained a high level of execution which allowed us to build on momentum from the fourth quarter. Strong order rates from industrial customers continued over the period; the outlook is one of increasing demand for our products as these markets continue to rebound. Following recent announcements of build rate increases for single-aisle commercial aircraft, we see escalating demand for our aircraft bearings and assemblies in the second half of the year.\u201d\n<\/p>\n

First Quarter Results<\/span><\/b><\/p>\n

\nNet sales for the first quarter of fiscal 2022 were $156.2 million, a decrease of 0.2% from $156.5 million in the first quarter of fiscal 2021. Net sales for the industrial markets increased 31.0% while aerospace net sales decreased 18.3%. Gross margin for the first quarter of fiscal 2022 was $63.8 million compared to $59.5 million for the same period last year.\n<\/p>\n

\nSG&A for the first quarter of fiscal 2022 was $29.8 million, an increase of $3.0 million from $26.8 million for the same period last year. The increase was primarily due to higher personnel-related costs of $2.4 million and $0.6 million of other items. As a percentage of net sales, SG&A was 19.1% for the first quarter of fiscal 2022 compared to 17.1% for the same period last year.\n<\/p>\n

\nOther operating expenses for the first quarter of fiscal 2022 totaled $3.2 million compared to $3.8 million for the same period last year. For the first quarter of fiscal 2022, other operating expenses consisted primarily of $2.6 million of amortization of intangible assets and $0.6 million of restructuring costs and other items. For the first quarter of fiscal 2021, other operating expenses consisted primarily of $2.5 million of amortization of intangible assets, $1.1 million of restructuring costs and related items and $0.2 million of other items.\n<\/p>\n

\nOperating income for the first quarter of fiscal 2022 was $30.7 million compared to $28.8 million for the same period last year. Excluding restructuring costs and other items of $0.6 million, adjusted operating income for the first quarter of fiscal 2022 was $31.3 million. Excluding other restructuring charges and related items of $1.1 million, adjusted operating income for the first quarter of fiscal 2021 was $29.9 million. Adjusted operating income as a percentage of net sales was 20.0% for the first quarter of fiscal 2022 compared to 19.1% for the same period last year.\n<\/p>\n

\nInterest expense, net was $0.3 million for the first quarter of fiscal 2022 compared to $0.4 million for the same period last year.\n<\/p>\n

\nIncome tax expense for the first quarter of fiscal 2022 was $4.9 million compared to $5.7 million for the same period last year. The effective income tax rate for the first quarter of fiscal 2022 was 15.8% compared to 20.0% for the same period last year. The current quarter income tax expense included $2.1 million of benefit from share-based stock compensation along with $0.2 million of tax benefit associated with the statute of limitations expiration. Income tax expense for the same period last year was impacted by $0.3 million of benefit associated with share-based stock compensation and $0.1 million of tax benefit associated with the statute of limitations expiration.\n<\/p>\n

Net income for the first quarter of fiscal 2022 was $26.0 million compared to $22.7 million for the same period last year. On an adjusted basis, net income was $26.3 million for the first quarter of fiscal 2022 compared to $23.6 million for the same period last year. <\/span><\/p>\n

Diluted EPS for the first quarter of fiscal 2022 was $1.03 per share compared to $0.91 per share for the same period last year. On an adjusted basis, diluted EPS was $1.04 for the first quarter of fiscal 2022 compared to $0.95 per share for the same period last year.<\/span><\/p>\n

\nBacklog as of July 3, 2021, was $420.2 million compared to $431.9 million as of June 27, 2020 and $394.8 million as of April 3, 2021.\n<\/p>\n

Liquidity<\/span><\/b><\/p>\n

\nThe Company ended the first quarter of fiscal 2022 with a strong cash balance and liquidity position. Cash and marketable securities as of July 3, 2021 were $296.1 million and the Company had approximately $262.7 million of undrawn revolving credit on its two bank facilities. The Company ended the quarter with total debt of $10.8 million and was in full compliance with all covenants under its credit agreements.\n<\/p>\n

Outlook for the Second Quarter Fiscal 2022<\/span><\/b><\/p>\n

\nThe Company expects net sales to be approximately $158.0 million to $162.0 million in the second quarter of fiscal 2022, compared to $146.3 million last year, an increase of 8.0% to 10.7%.\n<\/p>\n

Live Webcast<\/span><\/b><\/p>\n

RBC Bearings Incorporated will host a webcast on Thursday, August 5th<\/sup> at 11:00 a.m. ET to discuss the quarterly results. To access the webcast, go to the investor relations portion of the Company\u2019s website, www.rbcbearings.com<\/a>, and click on the webcast icon. If you do not have access to the Internet and wish to listen to the call, dial 844-419-1755 (international callers dial 216-562-0468) and provide conference ID # 9469440. An audio replay of the call will be available from 1:00 p.m. ET August 5, 2021 until 1:00 p.m. ET August 12, 2021. The replay can be accessed by dialing 855-859-2056 (international callers dial 404-537-3406) and providing conference call ID # 9469440. Investors are advised to dial into the call at least ten minutes prior to the call to register.<\/span><\/p>\n

Non-GAAP Financial Measures<\/span><\/b><\/p>\n

\nIn addition to disclosing results of operations that are determined in accordance with U.S. generally accepted accounting principles (GAAP), this press release also discloses non-GAAP results of operations that exclude certain items. These non-GAAP measures adjust for items that management believes are unusual. Management believes that the presentation of these non-GAAP measures provides useful information to investors regarding the Company\u2019s results of operations, as these non-GAAP measures allow investors to better evaluate ongoing business performance. Investors should consider non-GAAP measures in addition to, not as a substitute for, financial measures prepared in accordance with GAAP. A reconciliation of the non-GAAP measures disclosed in this press release with the most comparable GAAP measures are included in the financial table attached to this press release.\n<\/p>\n

About RBC Bearings<\/b><\/p>\n

\nRBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings and components. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products and components requiring sophisticated design, testing and manufacturing capabilities for the diversified industrial, aerospace and defense markets. The Company is headquartered in Oxford, Connecticut.\n<\/p>\n

Safe Harbor for Forward Looking Statements<\/span><\/b><\/p>\n

\nCertain statements in this press release contain \u201cforward-looking statements.\u201d All statements other than statements of historical fact are \u201cforward-looking statements\u201d for purposes of federal and state securities laws, including the following: the section of this press release entitled \u201cOutlook\u201d; any projections of earnings, revenue or other financial items relating to the Company, any statement of the plans, strategies and objectives of management for future operations; any statements concerning proposed future growth rates in the markets we serve; any statements of belief; any characterization of and the Company\u2019s ability to control contingent liabilities; anticipated trends in the Company\u2019s businesses; and any statements of assumptions underlying any of the foregoing. Forward-looking statements may include the words \u201cmay,\u201d \u201cwould,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201ccontinue,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d and other similar words. Although the Company believes that the expectations reflected in any forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties beyond the control of the Company. These risks and uncertainties include, but are not limited to, risks and uncertainties relating to general economic conditions, COVID-19 pandemic, geopolitical factors, future levels of general industrial manufacturing activity, future financial performance, market acceptance of new or enhanced versions of the Company\u2019s products, the pricing of raw materials, changes in the competitive environments in which the Company\u2019s businesses operate, the outcome of pending or future litigation and governmental proceedings and approvals, estimated legal costs, increases in interest rates, tax legislation and changes, the Company\u2019s ability to meet its debt obligations, the Company\u2019s ability to acquire and integrate complementary businesses, and risks and uncertainties listed or disclosed in the Company\u2019s reports filed with the Securities and Exchange Commission, including, without limitation, the risks identified under the heading \u201cRisk Factors\u201d set forth in the Company\u2019s most recent Annual Report filed on Form 10-K. The Company does not intend, and undertakes no obligation, to update or alter any forward-looking statements.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n<\/tr>\n
\n

RBC Bearings Incorporated
\n<\/b>
Consolidated Statements of Operations
\n<\/b>
(dollars in thousands, except share and per share data)
\n<\/b>
(Unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n

<\/tr>\n
\n\nThree Months Ended<\/b><\/td>\n<\/tr>\n
\n\nJuly 3,<\/b><\/td>\n\nJune 27,<\/b><\/td>\n<\/tr>\n
\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

2020<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Net sales<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n156,205\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n156,493\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Cost of sales<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n92,432\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n97,040\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Gross margin<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n63,773\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n59,453\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Operating expenses:<\/td>\n\n\n\n<\/tr>\n
Selling, general and administrative<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n29,802\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n26,829\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Other, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,248\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,810\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Total operating expenses<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n33,050\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n30,639\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Operating income<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n30,723\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n28,814\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Interest expense, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n319\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n425\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Other non-operating expense (income)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(465\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n42\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Income before income taxes<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n30,869\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n28,347\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Provision for income taxes<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,870\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5,658\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Net income<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n25,999\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n22,689\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Net income per common share:<\/td>\n\n\n\n<\/tr>\n
Basic<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n1.04\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.92\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Diluted<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n1.03\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.91\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Weighted average common shares:<\/td>\n\n\n\n<\/tr>\n
Basic<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,021,063\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n24,763,903\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Diluted<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,308,723\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n24,933,941\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\nThree Months Ended<\/b><\/td>\n<\/tr>\n
Reconciliation of Reported Operating Income to<\/b><\/td>\n\nJuly 3,<\/b><\/td>\n\nJune 27,<\/b><\/td>\n<\/tr>\n
Adjusted Operating Income:<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

2020<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Reported operating income<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n30,723\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n28,814\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Restructuring costs and other items<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n557\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,119\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Adjusted operating income<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n31,280\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n29,933\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Reconciliation of Reported Net Income and Net Income<\/b><\/td>\n\nThree Months Ended<\/b><\/td>\n<\/tr>\n
Per Common Share to Adjusted Net Income and<\/b><\/td>\n\nJuly 3,<\/b><\/td>\n\nJune 27,<\/b><\/td>\n<\/tr>\n
Adjusted Net Income Per Common Share:<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

2020<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Reported net income<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n25,999\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n22,689\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Restructuring costs and other items (1)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n469\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n896\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Foreign exchange translation loss (1)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n11\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n61\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Discrete and other tax items benefit<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(160\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(25\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n<\/tr>\n

Adjusted net income<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n26,319\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n23,621\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

(1) After tax impact.<\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Adjusted net income per common share:<\/td>\n\n\n\n<\/tr>\n
Basic<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n1.05\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.95\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Diluted<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n1.04\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.95\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Weighted average common shares:<\/td>\n\n\n\n<\/tr>\n
Basic<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,021,063\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n24,763,903\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Diluted<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,308,723\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n24,933,941\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\nThree Months Ended<\/b><\/td>\n<\/tr>\n
\n\nJuly 3,<\/b><\/td>\n\nJune 27,<\/b><\/td>\n<\/tr>\n
Segment Data, Net External Sales:<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

2020<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Plain bearings segment<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n73,321\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n78,875\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Roller bearings segment<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,247\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n22,900\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Ball bearings segment<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n23,128\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n18,840\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Engineered products segment<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34,509\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n35,878\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n156,205\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n156,493\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\nThree Months Ended<\/b><\/td>\n<\/tr>\n
\n\nJuly 3,<\/b><\/td>\n\nJune 27,<\/b><\/td>\n<\/tr>\n
Selected Financial Data:<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

2020<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Depreciation and amortization<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n8,212\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n8,396\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Share-based stock compensation expense<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5,772\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5,438\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Adjusted operating income plus depreciation\/amortization<\/td>\n\n\n\n<\/tr>\n
\n

\nplus share-based stock compensation expense\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n45,264\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n43,767\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Cash provided by operating activities<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n53,293\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n48,359\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Capital expenditures<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n3,367\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n3,875\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total debt<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n10,754\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n23,124\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Cash and marketable securities<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n296,091\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n143,615\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Repurchase of common stock<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n6,264\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n4,391\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Backlog<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n420,218\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n431,948\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\nThree Months Ended<\/b><\/td>\n<\/tr>\n
\n\nJuly 3,<\/b><\/td>\n\nJune 27,<\/b><\/td>\n<\/tr>\n
Net External Sales by Channel (1)<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

2020<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Aerospace:<\/td>\n\n\n\n<\/tr>\n
Commercial – OEM<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n42,881\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n55,460\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Commercial – Aftermarket\/Distribution<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n12,239\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n15,444\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Defense<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,773\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n28,078\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n80,893\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n98,982\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Industrial:<\/td>\n\n\n\n<\/tr>\n
OEM and Marine<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n50,730\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n39,368\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Aftermarket\/Distribution<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n24,582\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n18,143\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n75,312\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n57,511\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n156,205\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n156,493\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n(1) End markets in each period presented are based on internal definitions and metrics considered by management and are periodically reviewed and updated when evaluating the performance of the business.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210805005291\/en\/<\/a><\/span><\/p>\n

\nRBC Bearings
\n
Robert M. Sullivan
\n
203-267-5014
\n
rsullivan@rbcbearings.com<\/a><\/p>\n

\nAlpha IR Group
\n
Michael Cummings
\n
617-461-1101
\n
investors@rbcbearings.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Connecticut<\/p>\n

INDUSTRY KEYWORDS:<\/b> Engineering Other Manufacturing Aerospace Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

RBC Bearings Incorporated Announces Fiscal 2022 First Quarter Results OXFORD, Conn.–(BUSINESS WIRE)– RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today reported results for the first quarter of fiscal year 2022. First Quarter Financial Highlights ($ in millions) Fiscal 2022 Fiscal 2021 Change GAAP Adjusted (1) GAAP Adjusted (1) GAAP Adjusted (1) Net sales $156.2 \u00a0 $156.5 \u00a0 -0.2% \u00a0 Gross margin $63.8 \u00a0 $59.5 \u00a0 7.3% \u00a0 Gross margin % 40.8% \u00a0 38.0% \u00a0 \u00a0 \u00a0 Operating income $30.7 $31.3 $28.8 $29.9 6.6% 4.5% Operating income % 19.7% 20.0% 18.4% 19.1% \u00a0 \u00a0 Net income $26.0 $26.3 $22.7 $23.6 14.6% 11.4% Diluted EPS $1.03 … <\/p>\n

Continue reading “RBC Bearings Incorporated Announces Fiscal 2022 First Quarter Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-524021","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRBC Bearings Incorporated Announces Fiscal 2022 First Quarter Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBC Bearings Incorporated Announces Fiscal 2022 First Quarter Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RBC Bearings Incorporated Announces Fiscal 2022 First Quarter Results OXFORD, Conn.–(BUSINESS WIRE)– RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today reported results for the first quarter of fiscal year 2022. First Quarter Financial Highlights ($ in millions) Fiscal 2022 Fiscal 2021 Change GAAP Adjusted (1) GAAP Adjusted (1) GAAP Adjusted (1) Net sales $156.2 \u00a0 $156.5 \u00a0 -0.2% \u00a0 Gross margin $63.8 \u00a0 $59.5 \u00a0 7.3% \u00a0 Gross margin % 40.8% \u00a0 38.0% \u00a0 \u00a0 \u00a0 Operating income $30.7 $31.3 $28.8 $29.9 6.6% 4.5% Operating income % 19.7% 20.0% 18.4% 19.1% \u00a0 \u00a0 Net income $26.0 $26.3 $22.7 $23.6 14.6% 11.4% Diluted EPS $1.03 … Continue reading "RBC Bearings Incorporated Announces Fiscal 2022 First Quarter Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-05T12:04:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210805005291r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RBC Bearings Incorporated Announces Fiscal 2022 First Quarter Results\",\"datePublished\":\"2021-08-05T12:04:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results\\\/\"},\"wordCount\":1778,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210805005291r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rbc-bearings-incorporated-announces-fiscal-2022-first-quarter-results\\\/\",\"name\":\"RBC Bearings Incorporated Announces Fiscal 2022 First Quarter Results - 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