Bearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL) of Oxford, Connecticut, reported fiscal 2022 fourth-quarter net sales of $358.9 million, an increase of 123.9% over the same quarter last year.
Fourth-quarter gross margin was $137.5 million, while EBITDA was 25.6%, RBC said.
For the fiscal year, RBC reported $942 million in net sales, compared to $609 million in FY 2021. Adjusted net income for the year was $118 million, up from $97 million.
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