RBC Stock Recent News

OXFORD, Conn.--(BUSINESS WIRE)--RBC Bearings Incorporated (NYSE: RBC, RBCP), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it will release its second quarter fiscal 2024 financial results before the market open on Thursday, November 9th. RBC Bearings will host a conference call to discuss the results on Thursday, November 9th at 11:00 a.m. ET. Dr. Michael J.

RBC Bearings (RBC) could produce exceptional returns because of its solid growth attributes.

RBC Bearings (RBC) benefits from the increasing demand in aftermarket, aerospace and marine end markets within the Aerospace/Defense segment. Its shareholder-friendly measures are also encouraging.

RBC Bearings (RBC) acquires precision bearings manufacturer, Specline, boosting its aerospace product offerings and production capacity.

RBC Bearings' (RBC) first-quarter fiscal 2024 adjusted earnings increase 10.6% year over year due to higher revenues.

RBC Bearings Incorporated (NYSE:RBC ) Q1 2024 Results Conference Call August 4, 2023 11:00 AM ET Company Participants Josh Carroll - Investor Relations Michael Hartnett - President and Chief Executive Officer Daniel Bergeron - Vice President and Chief Operating Officer Robert Sullivan - Vice President and Chief Financial Officer Conference Call Participants Kristine Liwag - Morgan Stanley Vivek Srivastava - Goldman Sachs Peter Skibitski - Alembic Global Steve Barger - KeyBanc Capital Markets Michael Ciarmoli - Truist Operator Greetings, and welcome to RBC Bearings' Fiscal 2024 First Quarter Earnings Call. At this time, all participants are in a listen-only mode.

RBC Bearings (RBC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

RBC Bearings has seen net sales double since the fiscal year prior to the coronavirus pandemic, boosted by a major acquisition in November 2021. Despite concerns about a potential recession, the company has reduced long-term debt by $400 million since 2021 and generates high cash from operations. Deleveraging the balance sheet should eventually drive sales to new highs.

RBC Bearings (RBC) came out with quarterly earnings of $2.13 per share, beating the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $1.26 per share a year ago.

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