Welcome to our dedicated page for Rbc Bearings news (Ticker: RBCP), a resource for investors and traders seeking the latest updates and insights on Rbc Bearings stock.
RBC Bearings Incorporated (NYSE: RBC, RBCP) is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems for diversified industrial, aerospace and defense markets. Company news for RBC and its preferred stock series RBCP often centers on financial results, capital markets activity and developments in its governance and growth strategy.
Regular earnings releases provide detailed updates on net sales, gross margin, segment performance for Industrial and Aerospace/Defense, and the use of non-GAAP measures such as adjusted EBITDA, adjusted net income and free cash flow conversion. These announcements also discuss demand trends in aerospace and defense, industrial end markets, and the company’s backlog, offering insight into how RBC Bearings’ precision products are performing across its key segments.
Investors following RBCP-related news will also see coverage of events such as conference presentations, earnings webcasts and the timing of quarterly and annual results. The company issues notices when it participates in investor conferences hosted by financial institutions, and when it schedules webcasts to review quarterly performance with management.
Corporate governance and strategic updates appear in news items as well, including appointments to the Board of Directors and information about audit committee expertise. Over time, company communications have also highlighted acquisitions and financing arrangements in separate SEC filings, which can be relevant to understanding RBC Bearings’ growth and capital structure.
This news page aggregates these types of updates so readers can track RBC Bearings’ operational performance, segment trends, governance developments and other material announcements associated with both its common stock (RBC) and its 5.00% Series A mandatory convertible preferred stock (RBCP). For investors and observers of the precision bearings, aerospace, defense and industrial manufacturing space, this provides a focused view of the company’s ongoing public disclosures.
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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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