RBC Bearings: A Stronger Franchise Still Carries A Demanding Price

RBC Bearings Incorporated has reported its financial results for the fiscal year 2021, ended July 31, 2021.

The company reported net income of $64.7 million, compared to $47.2 million in the prior fiscal year, an increase of 37%.

Revenue for the year was $483.2 million, up 22% from the prior year.

The company also announced a quarterly cash dividend of $0.10 per share, payable on November 12, 2021.