RBC Bearings Inc. (NASDAQ:ROLL) Q2 2020 Earnings Conference Call - Final Transcript

Nov 01, 2019 • 11:00 am ET

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RBC Bearings Inc. (NASDAQ:ROLL) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
Daniel Bergeron

$1.22 per share for the same period last year. Turning to cash flow the company generated $24.5 million in cash from operating activities in the second quarter of fiscal 2020 compared to $24 million for the same period last year and $64.6 million in cash from operating activities for the six month period fiscal 2020 compared to $57.9 million for the six month period last year. Capital expenditures were $8.2 million in the second quarter of fiscal 2019 compared to $10.8 million for the same period last year. On a six month basis capex was $20.2 million compared to $17.7 million for the same period last year. In the second quarter fiscal 2020 the company pay down $13.1 million of debt and for the six month period we paid down $30.2 million of debt. Total debt as of September 28 2019 was $37.8 million and cash on hand was $36.4 million.

I'll now turn the call back over to the operators to begin the Q&A session.