Welcome to our dedicated page for ROLL news (Ticker: ROLL), a resource for investors and traders seeking the latest updates and insights on ROLL stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ROLL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ROLL's position in the market.
RBC Bearings (ROLL) reported its Q3 fiscal 2021 results with net sales of $145.9 million, down 17.6% from $177.0 million in Q3 fiscal 2020. Gross margin decreased 21.4% to $55.6 million, with an operating income drop of 29.2% to $26.5 million. Net income fell 29.3% to $21.6 million, leading to diluted EPS of $0.86, a 29.5% decrease year-over-year. The company anticipates Q4 sales between $155 million and $160 million, compared to $185.8 million last year. Despite the decline, RBC noted good expense control and a stable demand for aircraft products.
RBC Bearings Incorporated (Nasdaq: ROLL) will announce its third quarter financial results on January 29th, before market open. A conference call will follow at 11:00 a.m. ET, featuring insights from CEO Dr. Michael J. Hartnett and other executives. Investors can join via the company's website or by phone. An audio replay will be available from 1:45 p.m. on January 29th until February 5th. Founded in 1919, RBC Bearings specializes in engineered precision bearings for industrial, aerospace, and defense sectors.
RBC Bearings Incorporated (Nasdaq: ROLL) reported its fiscal Q2 2021 results, showing a net sales decline of 19.6% to $146.3 million compared to $181.9 million in Q2 2020. Gross margin fell to $56.6 million, down 20.4%, with an adjusted operating income of $29.9 million, a 22.2% decrease year-over-year. Net income decreased by 34.7% to $20.4 million, with diluted EPS at $0.82, down from $1.26 a year earlier. The company projected Q3 2021 net sales between $140 million and $145 million, marking a continued downward trend.
RBC Bearings Incorporated (Nasdaq: ROLL) will release its second quarter financial results before market open on October 30th. Following the release, management will conduct a conference call at 11:00 am ET to discuss the results and accomplishments of the quarter. Dr. Michael J. Hartnett, along with other key executives, will lead the call. Interested parties can access the call via the company's website or through a dedicated phone line for those without internet access. An audio replay will also be available shortly after the call.
RBC Bearings Incorporated (Nasdaq: ROLL) announced leadership changes, appointing Robert M. Sullivan as CFO to replace Daniel A. Bergeron, who transitions to COO. John J. Feeney steps up as General Counsel, succeeding Joseph Salamunovich. Sullivan, previously Assistant Corporate Controller, brings over 13 years of financial experience from Sikorsky Aircraft and Ernst & Young. The changes aim to strengthen executive management, enhancing operational efficiency and strategic execution.
FAQ
What is the market cap of ROLL (ROLL)?
