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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) reported a strong third quarter for fiscal 2023, with net sales of $351.6 million, up 31.7% from the previous year. The Industrial segment saw net sales increase by 41.6% while Aerospace/Defense grew 13.2%. Net income reached $36.3 million, a significant rise from $0.5 million last year, resulting in a diluted EPS of $1.05. The company also reduced term loan principal by $60 million this quarter. Looking ahead, RBC expects fourth-quarter net sales of $375-$385 million, reflecting growth of 4.5%-7.3% year-over-year.
RBC Bearings Incorporated (NYSE: RBC, RBCP) has announced it will release its third quarter fiscal 2023 financial results on February 9, 2023, after market close. A conference call will follow on February 10, 2023, at 11:00 a.m. ET, featuring CEO Dr. Michael J. Hartnett and other executives. Investors can access the call via the company's website or by phone with provided IDs. RBC Bearings specializes in high-precision bearings and components for industrial, defense, and aerospace sectors, established in 1919 and based in Oxford, Connecticut.
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