ROLL - Dividend announcements

RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today reported results for the first quarter of fiscal 2023. Key Highlights First quarter net sales of $354.1 million increased 126.7% over last year; organic net sales up 13.1%. First quarter gross margin of $141.2 million, 39.9%. First quarter EBITDA of 27.4%; adjusted EBITDA of 28.4% vs last year adjusted EBITDA of 29.0%. Second quarter outlook shows net sales of $355 million to $365 million, a growth rate of 121% to 127%. First quarter GAAP diluted EPS $1.09, adjus

Transaction creates a leading manufacturer of highly engineered, performance-critical bearings and motion control components Transaction expected to be completed by the end of the year 2021 Cash proceeds to be used according to capital allocation priorities ABB today announced it has signed a definitive agreement to divest its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated (NASDAQ:ROLL), for $2.9 billion in cash. The transaction will create a leading manufacturer of highly engineered, performance-critical bearings and motion control components. The transaction is expected to be completed by the end of the year 2021, subject to customary closing conditions