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RBC Bearings Incorporated (symbol: RBCP) is a prominent global manufacturer and marketer of precision-engineered plain, roller, and ball bearings. Renowned for its products in highly technical and regulated bearing categories, RBC Bearings primarily focuses on specialized markets that demand advanced design, testing, and manufacturing capabilities. This expertise has allowed the company to secure leading positions in various product markets where it competes.
The company's offerings include plain bearings, roller bearings, ball bearings, and a variety of engineered products. RBC Bearings serves a broad range of industries, including industrial, aerospace, and defense sectors, providing customers with unique design solutions to complex problems, and delivering unparalleled service, quality, and support.
RBC Bearings operates through two primary segments:
- Aerospace Defense Segment: This segment caters to the needs of commercial aerospace, defense aerospace, and sea and ground defense applications, offering highly engineered bearings and precision components.
- Industrial Segment: Representing the bulk of the revenue, this segment focuses on engineered bearings and precision components used in various industrial applications.
Based in the United States, RBC Bearings continues to leverage its innovative capabilities to address complex engineering challenges, solidifying its reputation as a leader in the industry.
Stay updated with the latest developments about RBC Bearings through our detailed news section.
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%.
RBC Bearings Incorporated (NYSE: RBC, RBCP) will release its fourth-quarter fiscal 2024 financial results on May 17th. The company is a leading international manufacturer of precision bearings for industrial, defense, and aerospace industries. The earnings conference call will feature key executives discussing the results.
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