RBC Bearings Incorporated (ROLL) Q1 2021 Earnings Conference Call August 7, 2020 11:00 AM ET Company Participants Brooks Hamilton - IR, Alpha IR Group Michael Hartnett - Chairman, President and Chief Executive Officer Daniel Bergeron - Vice President, Chief Financial Officer and Chief Operating Officer Conference Call Participants Peter Skibitski - Alembic Global Michael Ciarmoli - True Securities Steve Barger - KeyBanc Capital Markets Operator Ladies and gentlemen, thank you for standing by and welcome to ...

RBC Bearings Incorporated (ROLL) Q4 2020 Earnings Conference Call May 20, 2020 11:00 AM ET Company Participants Brooks Hamilton - IR, Alpha IR Group Michael Hartnett - Chairman, President and Chief Executive Officer Daniel Bergeron - Vice President, Chief Financial Officer and Chief Operating Officer Conference Call Participants Robert Barger - KeyBanc Capital Markets Inc. Michael Ciarmoli - SunTrust Robinson Humphrey Capital Markets Peter Skibitski - Alembic Global Advisors Operator Ladies and gentlemen, t ...

Financial Data and Key Metrics Changes - Net sales for Q3 fiscal 2020 were $177 million, a 3.2% increase from $171.5 million in the same period last year, with organic growth of 3.6% [5] - Adjusted gross margin was $70.9 million or 40.1% of net sales, compared to $68.1 million or 39.7% last year, reflecting a 4.1% increase [6] - Net income for Q3 fiscal 2020 was $30.5 million, up from $16.2 million in the same period last year, with diluted earnings per share at $1.22 compared to $0.65 last year [18][19] Business Line Data and Key Metrics Changes - Sales of industrial products represented 34% of net sales, while aerospace products accounted for 66% [5] - Sales of industrial products decreased by 7.5% year-over-year, primarily due to delays in marine products [8] - Aerospace sales increased, with OEM and defense up 14.7% on an organic basis, driven by markets such as airframe, aero engine, space, and missiles [10] Market Data and Key Metrics Changes - Sales to the industrial aftermarket grew by 13.2%, with a 0.9% organic sales component [9] - Weak markets included mining and oil and gas, while strong markets were in general distribution, semiconductor capital goods, ground defense, and international train [9] Company Strategy and Development Direction - The company is focusing on accommodating changes in production schedules due to Boeing's MAX rescheduling, which has impacted logistics and suppliers [7] - The trailing content per ship is expected to increase from approximately $120,000 to $160,000 over the next year as new contracts mature [11] - The company anticipates a sales range of $187 million to $191 million for Q4, with organic growth projected at 1.9% to 3.5% [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges due to Boeing's schedule changes but expressed confidence in accommodating these changes [7] - The company expects a net impact of $12.5 million over the next 12 months due to the MAX delay, with some offset from increased demand for older 737s [31] - Management sees potential for aerospace volumes to improve in the second half of fiscal 2021, with some offsetting volumes from defense [35] Other Important Information - SG&A expenses for Q3 were $30.7 million, up from $29.1 million last year, primarily due to higher personnel costs [14] - The company generated $46.6 million in cash from operating activities in Q3, compared to $21.1 million last year [20] - Capital expenditures were $7.3 million in Q3, down from $11.5 million last year [21] Q&A Session Summary Question: Can you provide more details about the Boeing 737 pause? - The impact on fiscal 2021 sales is about $40 million, netting to $12.5 million after considering increased production rates for the 777-777X [28][31] Question: Should we think your headwinds on the MAX will be more first half weighted? - Yes, the headwinds are expected to be more pronounced in the first half of fiscal 2021, with potential recovery in the second half [34] Question: Can you quantify the benefit from bringing F-35 work out of Turkey? - The benefit is significant, particularly from non-F35 programs previously produced in Turkey [36] Question: Are you seeing any recovery in the industrial side based on PMI? - Industrial distribution was up 13%, but excluding Swiss Tool, growth was about 0.9% [38] Question: What do you expect the free cash flow impact to be next quarter? - The company expects to be close to the top of its inventory build program, leading to good cash flow generation from operations [49]

RBC Bearings, Inc. (ROLL) Q2 2020 Earnings Conference Call November 1, 2019 11:00 AM ET Corporate Participants Chris Donovan - Investor Relations Michael Hartnett - Chairman, President and Chief Executive Officer Dan Bergeron - Vice President, Chief Financial Officer and Chief Operating Officer Conference Call Participants Pete Skibitski - Alembic Global Kristine Liwag - Bank of America George Godfrey - CLK Josh Sullivan - Seaport Global Michael Ciarmoli - SunTrust Steve Barger - KeyBanc Capital Markets Ope ...

CL King 17th Annual Best Ideas Conference September 19, 2019 PRIVATE & CONFIDENTIAL Contains RBC Proprietary Information ©2019 RBC Bearings Incorporated. All rights reserved. Safe Harbor Statement This document contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are "forwardlooking statements" for purposes of federal and state securities laws, including: pr ...

RBC Bearings, Inc. (ROLL) Q1 2020 Earnings Conference Call August 1, 2019 11:00 AM ET Company Participants Chris Donovan – Investor Relations Michael J. Hartnett – Chairman, President and Chief Executive Officer Daniel A. Bergeron – Vice President, Chief Financial Officer and Chief Operating Officer Conference Call Participants Pete Skibitski – Alembic Global Steve Barger – KeyBanc Capital Markets Kristine Liwag – BofA Merrill Lynch George Godfrey – CL King Michael Ciarmoli – SunTrust Josh Sullivan – Seapor ...

William Blair 39th Annual Growth Stock Conference June 6, 2019 PRIVATE & CONFIDENTIAL Contains RBC Proprietary Information ©2019 RBC Bearings Incorporated. All rights reserved. Safe Harbor Statement This document contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are "forwardlooking statements" for purposes of federal and state securities laws, including: ...

RBC Bearings Inc (ROLL) Q4 2019 Earnings Conference Call May 23, 2019 11:00 AM ET Company Participants Chris Donovan - Investor Relations Michael Hartnett - President and Chief Executive Officer Daniel Bergeron - Vice President, Chief Financial Officer and Chief Operating Officer Conference Call Participants Steve Barger - KeyBanc Capital Mmarkets Michael Ciarmoli - SunTrust Robinson Humphrey Kristine Liwag - BofA Merril Lynch George Godfrey - C. L. King & Associates Peter Skibitski - Alembic Global Advisor ...

Bank of America Merrill Lynch Global Industrials Conference March 19, 2019 PRIVATE & CONFIDENTIAL Contains RBC Proprietary Information ©2019 RBC Bearings Incorporated. All rights reserved. Safe Harbor Statement This document contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are "forwardlooking statements" for purposes of federal and state securities laws, ...

Financial Data and Key Metrics Changes - Net sales for Q3 2019 were $171.5 million, up from $166.9 million in the same period last year, representing a 6.5% organic growth when excluding sales from discontinued businesses [7] - Gross margin increased to $68.1 million or 39.7% of net sales, compared to $64.8 million or 38.8% last year, a 5.2% increase [7] - Adjusted operating income rose to $36.6 million, up from $34.4 million last year, representing 21.4% of sales [7] - Adjusted EBITDA was $47.9 million, accounting for 27.9% of revenues [8] - Net income for Q3 2019 was $16.2 million, down from $23.8 million last year, while adjusted net income was $28.5 million compared to $25.7 million last year [18][19] - Diluted earnings per share were $0.65, down from $0.97 last year, while adjusted diluted EPS was $1.15 compared to $1.05 last year [19][20] Business Line Data and Key Metrics Changes - Industrial products accounted for 38.4% of net sales, while aerospace products represented 61.6% [7] - Industrial OEM sales increased by 9.9%, while distribution and aftermarket remained flat compared to last year's Q3 [8] - Aerospace and defense sales grew by 6.4% on an organic basis, with Aero OEM alone up 9.1% due to increased build rates [10][11] Market Data and Key Metrics Changes - The industrial sector showed a 6.7% year-over-year organic sales growth rate, with a 10.7% increase year-to-date [8] - Mining, oil and gas, machine tool, and general industrial equipment continued to show strength during the period [8] - Year-over-year comparisons are expected to become tougher as historical growth rates normalize to about 2 times GDP [9] Company Strategy and Development Direction - The company is expanding its manufacturing capacity by adding 150,000 square feet across four plant sites to support growth in aircraft products [12] - Key aerospace platforms for growth include the 737 MAX, A320, 787, 777x, and the Joint Strike Fighter [13] - The company aims to internalize processes that are currently outsourced, which is expected to reduce costs and improve efficiency [31] Management's Comments on Operating Environment and Future Outlook - Management noted that supply chain constraints have impacted operations, but they are optimistic about overcoming these challenges [10][51] - The company expects sales for Q4 2019 to be between $178 million and $180 million, compared to $175 million last year [13] - Management anticipates that the aerospace and defense sectors will continue to grow, despite some short-term challenges [60] Other Important Information - SG&A expenses for Q3 2019 were $29.1 million, up from $28.2 million last year, primarily due to higher personnel costs and additional incentive stock compensation [16] - The company generated $21.1 million in cash from operating activities in Q3 2019, down from $28.5 million last year [21] - Total debt as of December 29, 2018, was $114.6 million, with cash on hand of $81.7 million [22] Q&A Session Summary Question: Can you remind us of the content for airframe for a narrowbody and a wide body? - Management indicated that the new manufacturing space is to support growth and that they can identify product demand by plant [25][26] Question: Are there any areas where you're focused on new market opportunities within industrial? - Management mentioned developing products for Caterpillar that do not require lubrication, which is an exciting opportunity [28] Question: What is the organic growth rate embedded in the Q4 guidance? - The organic growth rate is expected to be about 2% to 3% [33] Question: How much of a slack is there in the supply chain? - Management stated that they are delivering on time for 98% of customers, with some struggles for the remaining 2% [47] Question: What are the expected impacts of the new manufacturing capacity on margins? - Management expects that the new capacity will not create a headwind and should be covered by additional revenues [52] Question: Are there any tariff issues negatively impacting revenue? - Management confirmed that they are managing tariff issues and have material pass-through clauses in contracts to mitigate impacts [64] Question: How does the supply constraint compare between airframe and jet engine verticals? - Constraints are mainly felt in the airframe sector, while the engine side is performing well [66]