RBC — what changed in the latest 10-K

Text removed vs the prior filing · source: 10-K · 2025-05-16

• Net Sales and Percent of Sales for the Fiscal Year Ended (amounts in millions)

Text added vs the prior filing · source: 10-K · 2026-05-15

• ●The loss of one or more of our significant customers or conditions that adversely affect the business of any of our significant customers;

• ●Changes in trade agreements or treaties and the imposition or increase of tariffs on our goods exported to other countries;

• ●Risks associated with utilizing information technology systems, including cyber events;

• ●Work stoppages and other labor problems affecting us or our customers or suppliers;

• ●Risks associated with the substantial amount of goodwill that we have;

Text removed vs the prior filing · source: 10-K · 2025-05-16

• ●The loss of one or more of our significant customers or conditions that adversely affect the business of any of our significant customers;

• ●Work stoppages and other labor problems affecting us or our customers or suppliers;

• ●Changes in trade agreements or treaties and the imposition or increase of tariffs on our goods exported to other countries;

• ●Regulatory changes or developments in the U.S. or in foreign countries where we produce or sell products;

• ●Developments or disputes concerning patents or other proprietary rights;

Text added vs the prior filing · source: 10-K · 2026-05-15

• The Company forecasts net sales to be approximately $500.0 to $510.0 in the first quarter of fiscal 2027, compared to $436.0 in the first quarter of fiscal 2026, which represents a growth rate of 14.7% to 17.0%. Excluding $28.0 of expected net sales from VACCO, net sales are expected to grow 8.3% to…

• Net sales for the fiscal year ended March 28, 2026 increased $234.6, or 14.3%, compared to fiscal 2025. Excluding $83.9 of net sales from VACCO, net sales increased by 9.2% compared to the prior year. This increase was the result of a 3.8% increase in our Industrial segment, while net sales in our A…

• Net income attributable to common stockholders increased by $53.8 to $287.6 for fiscal 2026 compared to fiscal 2025. The net income attributable to common stockholders of $287.6 in fiscal 2026 was impacted by $14.8 of acquisition and related costs, $6.2 of restructuring and consolidation charges, $4…

• Gross margin was 44.4% of sales for fiscal 2026 compared to 44.4% for the same period last year. The increase in gross margin was primarily driven by volume. Gross margin in fiscal 2026 was impacted by $2.1 in restructuring costs related to inventory rationalization efforts at one of our manufacturi…

• SG&A as a % of net sales was 16.9% compared to 17.1% in the prior fiscal year. SG&A expenses increased by $36.8 to $316.1 for fiscal 2026 compared to fiscal 2025, primarily driven by increased personnel costs and $11.2 from the inclusion of VACCO.

Text removed vs the prior filing · source: 10-K · 2025-05-16

• The Company forecasts net sales to be approximately $424.0 to $434.0 in the first quarter of fiscal 2026, compared to $406.3 in the first quarter of fiscal 2025, which represents a growth rate of 4.4% to 6.8%.

• Net sales for the fiscal year ended March 29, 2025 increased $76.0, or 4.9%, compared to fiscal 2024. This increase was the result of a 0.2% increase in our Industrial segment, while net sales in our Aerospace/Defense segment increased 14.1% year over year. Industrial segment sales experienced the s…

• Net income attributable to common stockholders increased by $46.9 to $233.8 for fiscal 2025 compared to fiscal 2024. The net income attributable to common stockholders of $233.8 in fiscal 2025 was impacted by $1.5 of restructuring and consolidation charges, $59.8 of interest expense, $12.4 of prefer…

• Gross margin was 44.4% of sales for fiscal 2025 compared to 43.0% for the same period last year. Gross margin of $670.5 in fiscal 2024 included $0.3 of inventory rationalization costs associated with consolidation efforts at one of our facilities located in California. The expansion in margin during…

• SG&A expenses increased by $25.8 to $279.3 for fiscal 2025 compared to fiscal 2024. The increase in SG&A was primarily driven by personnel costs, IT costs and other professional fees.