RBC Bearings Q4 Profit Rises, Beats View - Quick Facts

(RTTNews) - RBC Bearings Inc. (ROLL), an international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, Wednesday reported fourth-quarter net income of $18.2 million or $0.78 per share compared with $10.6 million or $0.46 per share last year.

Excluding the discrete tax benefit in the fourth quarter of fiscal 2014, net income amounted to $17.1 million or $0.73 per share. On average, 7 analysts polled by Thomson Reuters expected the company to report profit per share of $0.71 for the quarter. Analysts' estimates typically exclude special items.

Net sales for quarter rose 10.4 percent to $113.7 million from $103.0 million in the fourth quarter of fiscal 2013. Analysts expected revenue of $111.23 million for the quarter.

Further,the board proposed a special dividend of $2.00 per common share or a total cash outlay of nearly $46.0 million, which is payable on June 13, 2014, to shareholders of record on May 30, 2014.