RBC Bearings(RBC) - 2025 Q4 - Annual Results

Financial Performance - Fourth quarter net sales reached $437.7 million, a 5.8$413.7 million in the same quarter last year, with Aerospace/Defense up 10.6% and Industrial up 3.3%[4] - Fiscal 2025 net sales totaled $1,636.3 million, marking a 4.9$72.7 million, an increase of 16.0% from $61.6 million in the same period in 2024[27] - Net income for the twelve months ended March 29, 2025, was$246.2 million, an increase from $209.9 million in the prior year, representing a growth of approximately 17.0$519.8 million, compared to $482.2 million for the previous year, indicating a growth of 7.8$2.32, up from $1.93 in the same period last year, an increase of 20.2$275 million, reducing net leverage to 1.7x, the lowest since the Dodge acquisition[6] - Net cash provided by operating activities increased to $293.6 million from$274.7 million, reflecting a rise of about 6.5% year-over-year[33] - Interest expense for Q4 fiscal 2025 decreased to $12.8 million from$18.8 million in the same period last year, attributed to debt reduction and lower interest rates[12] - Interest expenses decreased to $55.4 million from$75.7 million, indicating improved debt management[33] Sales and Backlog - As of March 29, 2025, the backlog was $940.7 million, up from$896.5 million at the end of December 2024, indicating strong future demand[16] - For Q1 fiscal 2026, the company expects net sales between $424.0 million and$434.0 million, representing a growth rate of 4.4% to 6.8% compared to the prior year[16] Segment Performance - The aerospace and defense segment reported net external sales of $157.3 million for the three months ended March 29, 2025, up from$142.4 million in the same period last year, marking an increase of 10.0%[28] - The industrial segment achieved net external sales of $280.4 million for the three months ended March 29, 2025, compared to$271.3 million in the same period in 2024, reflecting a growth of 3.9%[28] Expenses and Investments - SG&A expenses for Q4 fiscal 2025 were $72.1 million, up from$64.4 million in the same quarter last year, with SG&A as a percentage of net sales increasing to 16.5%[9] - SG&A expenses are anticipated to be between 16.75% and 17.25% of net sales for FY2026 Q1, indicating a focus on managing operational costs[33] - The company reported capital expenditures of $49.8 million, up from$33.2 million, indicating a significant increase in investment activities[33] Balance Sheet Highlights - Total assets increased from $4,668.5 million to$4,678.6 million, reflecting a growth of 0.2%[31] - Total liabilities increased from $1,653.8 million to$1,926.7 million, an increase of 16.5%[31] - Total equity decreased from $3,031.4 million to$2,751.9 million, a decline of 9.2%[31] - Long-term debt, less current portion, increased from $918.4 million to$1,188.1 million, an increase of 29.4%[31]