RBC Bearings (RBC) 8-K Regulation FD Disclosure

Exhibit 99.1

RBC Bearings Incorporated

Consolidated Statements of Operations

(dollars in thousands, except share and per share data)

(Unaudited)

	Three Months Ended										Twelve Months Ended
	July 3,		October 2,			January 1,			April 2,		April 2,
	2021		2021			2022			2022		2022
Reported net income	$	24,038	$	(1,352	)	$	546		$	31,478	$	54,710
Preferred stock dividends		-		510			5,751			5,750		12,011
Reported net income available to common stockholders	$	24,038	$	(1,862	)	$	(5,205	)	$	25,728	$	42,699
Reported net income available to common stockholders per common share:
Basic	$	0.96	$	(0.07	)	$	(0.18	)	$	0.90	$	1.58
Diluted	$	0.95	$	(0.07	)	$	(0.18	)	$	0.89	$	1.56
Weighted average common shares:
Basic		25,021,063		25,500,393			28,618,495			28,645,468		26,946,355
Diluted		25,392,047		25,500,393			28,618,495			28,971,766		27,311,029

	Three Months Ended												Twelve Months Ended
	July 3,			October 2,			January 1,			April 2,			April 2,
	2021			2021			2022			2022			2022
Reconciliation of Reported Net Income Available to Common Stockholders to Adjusted Net Income Available to Common Stockholders:
Reported net income	$	24,038		$	(1,352	)	$	546		$	31,478		$	54,710
Inventory step-up		-			-			6,977			6,826			13,803
Transaction and related costs		-			16,903			22,217			1,024			40,144
Transition services		-			-			3,325			4,678			8,003
Restructuring and consolidation		557			1,987			-			-			2,544
Foreign exchange translation loss/(gain)		13			79			1			33			126
M&A related amortization		2,081			2,054			11,464			16,357			31,956
Stock compensation expense		7,182			16,773			4,544			4,395			32,894
Amortization of deferred finance fees		106			106			773			1,330			2,315
Tax impact of adjustments		(2,953	)		(6,092	)		(9,296	)		(4,389	)		(22,730	)
Adjusted net income	$	31,024		$	30,458		$	40,551		$	61,732		$	163,765
Preferred stock dividends		-			510			5,751			5,750			12,011
Adjusted net income available to common stockholders	$	31,024		$	29,948		$	34,800		$	55,982		$	151,754
Adjusted net income available to common stockholders per common share:
Basic	$	1.24		$	1.17		$	1.22		$	1.95		$	5.63
Diluted	$	1.22		$	1.16		$	1.20		$	1.93		$	5.56
Weighted average common shares:
Basic		25,021,063			25,500,393			28,618,495			28,645,468			26,946,355
Diluted		25,392,047			25,869,028			29,011,478			28,971,766			27,311,029

	Three Months Ended								Twelve Months Ended
	June 27,		September 26,		December 26,		April 3,		April 3,
	2020		2020		2020		2021		2021
Reported net income	$	23,265	$	17,932	$	22,690	$	26,256	$	90,143
Preferred stock dividends		-		-		-		-		-
Reported net income available to common stockholders	$	23,265	$	17,932	$	22,690	$	26,256	$	90,143
Reported net income available to common stockholders per common share:
Basic	$	0.94	$	0.72	$	0.91	$	1.05	$	3.63
Diluted	$	0.93	$	0.72	$	0.90	$	1.04	$	3.58
Weighted average common shares:
Basic		24,763,903		24,823,658		24,861,792		24,948,546		24,851,344
Diluted		25,039,289		25,059,667		25,168,356		25,331,476		25,149,405

	Three Months Ended												Twelve Months Ended
	June 27,			September 26,			December 26,			April 3,			April 3,
	2020			2020			2020			2021			2021
Reconciliation of Reported Net Income Available to Common Stockholders to Adjusted Net Income Available to Common Stockholders:
Reported net income	$	23,265		$	17,932		$	22,690		$	26,256		$	90,143
Restructuring and consolidation		1,119			3,514			1,341			1,273			7,247
Cyber event		-			-			-			1,507			1,507
Foreign exchange translation loss/(gain)		77			145			224			(206	)		240
M&A related amortization		2,069			2,077			2,075			2,076			8,297
Stock compensation expense		3,979			7,959			3,135			3,009			18,082
Amortization of deferred finance fees		141			118			106			107			472
Tax impact of adjustments		(1,389	)		(2,955	)		(1,870	)		(1,757	)		(7,971	)
Adjusted net income	$	29,261		$	28,790		$	27,701		$	32,265		$	118,017
Preferred stock dividends		-			-			-			-			-
Adjusted net income available to common stockholders	$	29,261		$	28,790		$	27,701		$	32,265		$	118,017
Adjusted net income available to common stockholders per common share:
Basic	$	1.18		$	1.16		$	1.11		$	1.29		$	4.75
Diluted	$	1.17		$	1.15		$	1.10		$	1.27		$	4.69
Weighted average common shares:
Basic		24,763,903			24,823,658			24,861,792			24,948,546			24,851,344
Diluted		25,039,289			25,059,667			25,168,356			25,331,476			25,149,405