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Exhibit 99.1 Press release RBC Bearings Incorporated Announces Fiscal 2022 Second Quarter Results Oxford , CT - November 12 , 2021 – RBC Bearings Incorporated ( Nasdaq : ROLL , ROLLP ) , a leading international manufacturer of highly engineered precision bearings and components for the industrial , defense and aerospace industries , today reported results for the second quarter of fiscal year 2022 . Key Highlights . • • • Second quarter net sales of $ 160.9 million increased 10.0 % over last year and were at the high end of our guidance range of $ 158.0 million to $ 162.0 million . Second quarter adjusted gross margin of $ 63.4 million , 39.4 % , was up 8.2 % over the same period last year ( GAAP gross margin 38.8 % ) . Second quarter year to date adjusted gross margin of $ 127.2 million , 40.1 % , was up 7.7 % over the same period last year ( GAAP gross margin 39.8 % ) . Third quarter outlook shows net sales of $ 245.0 million to $ 255.0 million including two months of Dodge , a growth rate of 68.0 % to 74.8 % . • Cash provided by operating activities was $ 40.2 million for the second quarter compared to $ 26.1 million last year . Second Quarter Financial Highlights Fiscal 2022 Fiscal 2021 Change ( $ in millions ) Net sales Gross margin GAAP Adjusted ( 1 ) GAAP Adjusted ( 1 ) GAAP Adjusted ( 1 ) $ 160.9 $ 146.3 10.0 % $ 62.5 $ Gross margin % 38.8 % 63.4 $ 39.4 % Operating income $ 27.1 $ 30.5 $ 56.6 $ 38.7 % 26.4 $ 58.6 10.4 % 8.2 % 40.0 % 29.9 2.9 % 2.2 % Operating income % 16.9 % 19.0 % 18.0 % 20.4 % Net income 6.9 $ 23.5 $ 20.4 $ 23.2 -66.1 % 1.3 % Net income available to common stockholders $ 6.4 $ 23.0 $ 20.4 $ 23.2 -68.6 % -0.9 % Diluted EPS $ 0.25 $ 0.89 $ 0.82 $ 0.93 -69.5 % -4.3 % Diluted EPS Pre - Offering $ 0.92 $ 0.93 -1.1 % ( 1 ) Results exclude items in reconciliation below .