RBC Bearings Incorporated - RBC STOCK NEWS

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.

RBC Bearings Inc. (RBC) to attend Bank of America Global Industrials Conference in London. VP and COO to represent the company.

RBC Bearings Incorporated to participate in Alembic Global Advisors Investor Conference on February 28, 2024, with the company's CFO, Robert M. Sullivan, presenting at the event.

RBC Bearings Incorporated reported strong third-quarter results for fiscal 2024, with a 6.3% increase in net sales, driven by a 22.5% growth in Aerospace/Defense and a 0.6% decrease in Industrial segments. Gross margin improved to 42.3%, and net income increased by 28.4% compared to the same period last year. Adjusted EBITDA remained steady at 29.3% of net sales.

RBC Bearings Incorporated (NYSE: RBC, RBCP) will release its third quarter fiscal 2024 financial results before the market open on Thursday, February 8th. The company will host a conference call to discuss the results on the same day. Dr. Michael J. Hartnett, Chairman, President, and CEO, along with other key executives, will recap the quarter’s results and accomplishments during the call. Investors can access the webcast and audio replay through the investor relations portion of the company’s website. Those without internet access can listen to the call via phone. The conference call provides an opportunity for investors to gain insights into the company's financial performance and future prospects.