$RBC

RBC Bearings INC

CIK:0001324948|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net sales	$ 519.5	$ 436.0
Cost of sales	271.7	240.8
Gross margin	247.8	195.2
Selling, general and administrative	85.8	73.9
Other, net	21.2	20.2
Total operating expenses	107.0	94.1
Operating income	140.8	101.1
Interest expense, net	10.1	12.2
Other non-operating expense	0.5	1.2
Income before income taxes	130.2	87.7
Provision for income taxes	28.7	19.2
Net income	$ 101.5	$ 68.5
Net income per common share:
Basic (in Dollars per share)	$ 3.22	$ 2.18
Diluted (in Dollars per share)	$ 3.2	$ 2.17
Weighted average common shares:
Basic (in Shares)	31,559,554	31,374,859
Diluted (in Shares)	31,714,686	31,553,214

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Cash flows from operating activities:
Net income	$ 101.5	$ 68.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	33.3	29.6
Deferred income taxes	(1.4)	(4.6)
Amortization of deferred financing costs	0.8	0.8
Stock-based compensation	6.7	6.6
Noncash operating lease expense	1.9	1.7
(Gain)/loss on disposition of assets		(0.6)
Restructuring and other noncash charges		3.8
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	14.2	17.7
Inventory	(14.2)	(22.8)
Prepaid expenses and other current assets	(10.7)	(1.7)
Other noncurrent assets	(9.4)	(2.2)
Accounts payable	2.9	1.9
Accrued expenses and other current liabilities	34.0	25.5
Other noncurrent liabilities	12.2	(4.2)
Net cash provided by operating activities	171.8	120.0
Cash flows from investing activities:
Capital expenditures	(24.9)	(15.7)
Net cash used in investing activities	(24.9)	(15.7)
Cash flows from financing activities:
Proceeds received from revolving credit facilities	8.3
Repayments of revolving credit facilities		(5.0)
Repayments of term loans	(77.0)
Repayments of notes payable	(1.2)	(1.1)
Principal payments on finance lease obligations	(1.2)	(1.2)
Exercise of equity awards	2.4	11.5
Tax withholding for common stock issued under equity incentive plans	(10.7)	(12.1)
Net cash used in financing activities	(79.4)	(7.9)
Effect of exchange rate changes on cash	(0.3)	(0.3)
Cash:
Increase during the period	67.2	96.1
Cash, at beginning of period	57.3	36.8
Cash, at end of period	124.5	132.9
Cash paid for:
Income taxes	1.6	1.4
Interest	$ 13.8	$ 17.0

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 27, 2026	Mar. 28, 2026
Current assets:
Cash	$ 124.5	$ 57.3
Accounts receivable, net of allowance for credit losses of $6.4 at June 27, 2026 and $6.3 at March 28, 2026	326.2	340.6
Inventory, net	776.4	762.8
Prepaid expenses and other current assets	39.8	29.1
Total current assets	1,266.9	1,189.8
Property, plant and equipment, net	430.0	419.0
Operating lease assets	65.1	68.7
Goodwill	2,002.5	2,003.4
Intangible assets, net	1,358.7	1,378.2
Other noncurrent assets	72.9	63.6
Total assets	5,196.1	5,122.7
Current liabilities:
Accounts payable	149.9	147.0
Accrued expenses and other current liabilities	244.4	214.7
Current operating lease liabilities	10.2	10.7
Current portion of long-term debt	96.2	173.8
Total current liabilities	500.7	546.2
Long-term debt, less current portion	710.0	701.7
Noncurrent operating lease liabilities	56.2	59.0
Deferred income taxes	266.0	267.3
Other noncurrent liabilities	201.2	187.5
Total liabilities	1,734.1	1,761.7
Stockholders’ equity:
Preferred stock, $.01 par value per share; authorized shares: 10,000,000 at June 27, 2026 and March 28, 2026, respectively; issued shares: 0 at June 27, 2026 and March 28, 2026, respectively
Common stock, $.01 par value per share; authorized shares: 60,000,000 at June 27, 2026 and March 28, 2026, respectively; issued shares: 32,764,334 and 32,720,037 at June 27, 2026 and March 28, 2026, respectively	0.3	0.3
Additional paid-in capital	1,747.5	1,735.4
Accumulated other comprehensive income	0.2	2.1
Retained earnings	1,839.7	1,738.2
Treasury stock, at cost; 1,103,740 shares and 1,084,772 shares at June 27, 2026 and March 28, 2026, respectively	(125.7)	(115.0)
Total stockholders’ equity	3,462.0	3,361.0
Total liabilities and stockholders’ equity	$ 5,196.1	$ 5,122.7