Welcome to our dedicated page for RBC Bearings Incorporated news (Ticker: RBC), a resource for investors and traders seeking the latest updates and insights on RBC Bearings Incorporated stock.
Regal Beloit Corporation (symbol: RBC) is a prominent international manufacturer and marketer of highly engineered precision plain, roller, and ball bearings. The company caters to specialized markets that demand sophisticated design, testing, and manufacturing capabilities. By focusing on these niche areas, Regal Beloit has carved out a leading position in many of the product markets in which it competes.
Operating globally, Regal Beloit serves a diverse customer base, including the industrial, aerospace, and defense sectors. The company is renowned for its unique design solutions, exceptional quality, and unparalleled level of service and support.
Recent Achievements:
- Expansion of manufacturing facilities to enhance production capacity and meet growing demand.
- Introduction of advanced bearing products tailored for high-performance applications.
- Partnerships with leading aerospace and defense companies to develop cutting-edge solutions.
Current Projects:
- Development of next-generation bearings with improved durability and efficiency.
- Collaboration with research institutions to innovate and stay ahead in the market.
Financially, Regal Beloit continues to demonstrate strong performance with steady revenue growth and robust financial health. The company's strategic initiatives and operational excellence have positioned it as a trusted partner in the industries it serves.
RBC Bearings (NYSE: RBC) has announced its participation in two major investor conferences. The company will attend the Baird Global Industrial Conference on November 14, 2024, at the Ritz Carlton in Chicago, and the Goldman Sachs Industrials and Materials Conference on December 4, 2024, at the Conrad New York Downtown. Conference materials will be accessible on the company's investor relations website.
RBC Bearings is an international manufacturer of precision bearings, components, and essential systems for industrial, defense, and aerospace markets, specializing in technical and regulated bearing products that require sophisticated design and manufacturing capabilities.
RBC Bearings reported Q2 fiscal 2025 results with net sales of $397.9 million, up 3.2% year-over-year. The Aerospace/Defense segment grew 12.5% while Industrial declined 1.4%. Gross margin improved to 43.7% from 43.1% last year. Net income attributable to common stockholders increased 5.6% to $48.5 million, with diluted EPS of $1.65. The company expects Q3 fiscal 2025 net sales between $390-400 million, representing 4.3-7.0% growth, with gross margin projected at 42.5-43.5%.
RBC Bearings (NYSE: RBC) has been named to the Fortune® 100 Fastest-Growing Companies list for 2024, ranking 96th. The company, which manufactures precision bearings, components, and essential systems for industrial, defense, and aerospace sectors, has achieved remarkable growth with annual revenue increasing over 700% in the last 20 years, reaching $1.5 billion in fiscal 2024.
Chairman and CEO Dr. Michael J. Hartnett attributes this success to attracting talented employees and maintaining a focus on continuous improvement and product excellence. The company, headquartered in Oxford, Connecticut, specializes in producing highly technical bearing products requiring sophisticated design and manufacturing capabilities.
RBC Bearings Incorporated (NYSE: RBC), a leading manufacturer of precision bearings and components for industrial, defense, and aerospace industries, has announced its second quarter fiscal 2025 earnings conference call. The company will release financial results on Friday, November 1st before market opening, followed by a conference call at 11:00 a.m. ET.
Key executives, including Dr. Michael J. Hartnett (Chairman, President, CEO), Daniel A. Bergeron (VP, COO), and Robert M. Sullivan (VP, CFO), will discuss the quarter's results and achievements. Investors can access the webcast through the company's website or dial in using the provided numbers and conference ID.
An audio replay will be available for two weeks following the call. RBC Bearings specializes in sophisticated bearing products and components for diversified markets, with headquarters in Oxford, Connecticut.
RBC Bearings Incorporated (NYSE: RBC, RBCP), a leading manufacturer of precision bearings and components for industrial, defense, and aerospace sectors, has elected Frederick J. Elmy to its Board of Directors. Mr. Elmy, a Class III director, will serve until the 2025 annual stockholders meeting and has been appointed to the Audit Committee as a financial expert.
Mr. Elmy brings extensive experience from his nearly four-decade career at PricewaterhouseCoopers LLP, where he held various leadership roles until his retirement in 2021. His expertise spans financial markets transactions, mergers and acquisitions, risk management, and SEC reporting. Chairman and CEO Dr. Michael J. Hartnett expressed enthusiasm about the valuable executive and financial experience Mr. Elmy brings to RBC Bearings.
RBC Bearings Incorporated (NYSE: RBC, RBCP), a leading manufacturer of precision bearings and components for industrial, defense, and aerospace sectors, has announced its participation in the Morgan Stanley Laguna Conference. The event is scheduled for September 11, 2024, at The Ritz-Carlton, Laguna Niguel in Dana Point, CA.
Dr. Michael Hartnett, the company's Chairman, President, and CEO, will represent RBC Bearings at the conference. Materials shared during the event will be made available on the company's investor relations website. RBC Bearings specializes in producing highly technical and regulated bearing products that require sophisticated design, testing, and manufacturing capabilities.
RBC Bearings (NYSE: RBC, RBCP) reported its Fiscal Q1 2025 results, showcasing a 5.0% increase in net sales to $406.3 million. The Aerospace/Defense segment surged by 23.7%, while the Industrial segment declined by 3.5%.
Gross margin improved to 45.3% from 43.4%. Net income attributable to common stockholders rose to $55.7 million, up 25.7% year-over-year, with diluted EPS rising 25.0% to $1.90. Adjusted EBITDA margin increased to 33.0% from 31.1%.
Operating income was $97.5 million, up 14.7%, and free cash flow conversion was a robust 144.0%. The backlog as of June 29, 2024, was $825.8 million.
The Series A mandatory convertible preferred stock will convert to common stock by October 15, 2024, saving $23.0 million annually.
The company projects Q2 2025 net sales between $395.0 million and $405.0 million, indicating a growth rate of 2.4% to 5.0% over the previous year.
RBC Bearings Incorporated (NYSE: RBC) reported strong fiscal Q1 2025 results with net sales of $406.3 million, a 5.0% increase over last year. The Aerospace/Defense segment saw a notable 23.7% rise in sales, while the Industrial segment experienced a 3.5% decline. Gross margin improved to 45.3% from 43.4% last year.
Net income attributable to common stockholders increased by 25.7% to $55.7 million, with diluted EPS rising from $1.52 to $1.90. The adjusted net income was $74.5 million, and adjusted diluted EPS was $2.54. Operating income also grew by 14.7% to $97.5 million. Free cash flow conversion was strong at 144.0%.
For Q2 2025, RBC Bearings expects net sales between $395.0 million and $405.0 million, a growth of 2.4% to 5.0% compared to last year. The company will host a webcast on August 2, 2024, to discuss the results.
RBC Bearings Incorporated (NYSE: RBC, RBCP), a leading manufacturer of precision bearings and essential systems for industrial, defense, and aerospace sectors, has announced its upcoming first quarter fiscal 2025 earnings conference call. The company will release its financial results on Friday, August 2nd before market opening, followed by a webcast at 11:00 a.m. ET. Key executives, including CEO Dr. Michael J. Hartnett, will discuss the quarter's results and achievements.
Investors can access the webcast through the company's website or dial in to listen. An audio replay will be available until August 16th, 2024. RBC Bearings, founded in 1919, specializes in highly engineered precision bearings and components for diverse markets.
RBC Bearings (NYSE: RBC, RBCP) reported its fiscal Q4 and full year 2024 results. Q4 net sales increased by 4.9% to $413.7 million, driven by a 16.8% rise in Aerospace/Defense, but Industrial sales dipped by 0.4%. The gross margin was 43.1%, up from 42.2% last year. Q4 net income rose by 25.5% to $61.6 million. For fiscal 2024, net sales increased by 6.2% to $1,560.3 million, with Aerospace/Defense up 20.7% and Industrial up 0.2%. The gross margin improved to 43.0%. Net income rose by 25.9% to $209.9 million. The company anticipates Q1 fiscal 2025 net sales to be between $415.0 million and $420.0 million, expecting a growth rate of 7.2% to 8.5%.
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