Financial Data and Key Metrics Changes - First quarter sales reached $406.3 million, a 5% increase year-over-year [4] - Adjusted gross margin was $184 million, representing 45.3% of sales, an increase of almost two full percentage points from the previous year [5] - Adjusted net income was $2.54 per share, with adjusted EBITDA at 33% of revenues, reflecting a year-over-year growth of 11.3% [6][8] - Net cash provided by operating activities increased by 57.9% to $97.4 million compared to $61.7 million last year [6] Business Line Data and Key Metrics Changes - Aerospace and Defense sector sales increased by 23.7% to $149.1 million, with the Defense sector leading at a 38.1% growth rate [4][5] - Industrial business experienced a slight contraction of 3.5%, with sales at $257.2 million, attributed to weakened performance in Oil & Gas and semiconductor machinery [5][6] Market Data and Key Metrics Changes - The company anticipates a recovery in the Industrial markets in the second half of the year, despite current softness in sectors like Semicon and Oil & Gas [15][50] - The Aerospace and Defense sector is expected to continue strong performance through the year-end, driven by major programs and contracts [30] Company Strategy and Development Direction - The company is focused on leveraging core strengths in engineering, manufacturing, and product development to drive both organic and inorganic growth [11] - Plans to augment plant capacities to accommodate additional business awards in both industrial and Aerospace, Defense sectors [7] Management's Comments on Operating Environment and Future Outlook - Management noted that the Industrial markets have shown softness for nearly 12 months, particularly in Semicon and Oil & Gas, but expects improvement as the year progresses [15][50] - Economic models suggest flat performance through the third quarter, with a strong recovery anticipated in the last quarter of the fiscal year [17] Other Important Information - The company repaid $60 million of its term loan during the quarter, with a total expected repayment of $275 million to $300 million for the year [10] - The conversion of Series A Mandatory Convertible Preferred Stock is expected to be slightly accretive to earnings per share and significantly beneficial to free cash flow [11] Q&A Session Summary Question: Can you provide more detail about the different end-markets and how far away we are from a trough? - Management indicated substantial softness in Semicon and Oil & Gas, with expectations for improvement as the year progresses [15][16] Question: Was the Industrial weakness the biggest driver of revenue shortfall? - Yes, the Industrial weakness was the primary driver of the revenue delta, attributed to consumption rates [19] Question: Any visibility into distributor destocking in industrial sectors? - Management stated there is no significant destocking occurring, and the year-over-year comparison benefited from a recovering supply chain last year [21][20] Question: What is driving the strong growth in the Defense sector? - Several major programs are driving growth, with expectations for continued demand in submarine and missile programs [30] Question: What are the expectations for Industrial growth in fiscal '25? - Management plans for Industrial growth, expecting a recovery in Semicon and a milder recovery in Oil & Gas [22] Question: Any updates on M&A activity? - Management is investigating potential A&D-like companies but has nothing to report at this time [34] Question: What is the outlook for gross margins in the second quarter? - Management expects a sequential decrease in gross margins due to fewer production days and a favorable mix in the first quarter [40]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Delaware 95-4372080 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, par value $0.01 per-share RBC The New York Stock Exchange 5.00% Series A Mandatory Convertible Preferred Stock, par value $0.01 per-share RBCP The New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) ...

RBC Bearings (RBC) came out with quarterly earnings of $2.54 per share, beating the Zacks Consensus Estimate of $2.37 per share. This compares to earnings of $2.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.17%. A quarter ago, it was expected that this maker of bearings and components would post earnings of $2.32 per share when it actually produced earnings of $2.47, delivering a surprise of 6.47%. Over the last four q ...

Exhibit 99.1 RBC Bearings Incorporated Announces Fiscal First Quarter 2025 Results Oxford, CT – August 2, 2024 – 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 reported results for the first quarter fiscal 2025. First Quarter Financial Highlights ● First quarter net sales of $406.3 million increased 5.0% over last year, Aerospace/Defense up ...

The market expects RBC Bearings (RBC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Strong U.S. & international defense budgets and robust demand for commercial air travel will augur well for the Aerospace & Defense segment in the quarters ahead. For the first quarter of fiscal 2025 (ended June 2024, results awaited), RBC anticipates overall net sales in the band of $415-$420 million, suggesting year-over-year growth of 7.2-8.5%. The company believes in adding complementary businesses to its portfolio via acquisitions. For instance, in August 2023, it acquired Carson City, NV-based precisi ...

Loading... RBC Capital analysts are urging caution with U.S. small-cap stocks, saying it's best to "stay on the sidelines for now." In a note, the investment bank highlighted a less promising near-term outlook for small caps, citing several factors. RBC: Decoupling Is Underway, Neutral For Now Factors contributing to the outsized performance of large-cap growth stocks (making it more attractive) include: The company recognizes the historically favorable positioning of small caps based on investor sentiment ...

What's Aiding RBC? Expansion Efforts: RBC has expanded its reach with the acquisition of Carson City, NV-based precision bearings manufacturer Specline, Inc. in August 2023. Specline's unique bearing and manufacturing processes expanded RBC Bearings' aerospace product offerings and boosted the production capacity. In light of the above-mentioned positives, we believe investors should retain RBC stock for now, as suggested by its Zacks Rank #3 (Hold). In the past year, shares of the company have gained 32.8% ...

Segmental Details The company currently has two reportable segments, namely Aerospace/Defense and Industrial. Its segmental performance for the fiscal fourth quarter is briefly discussed below: RBC Bearings Incorporated's (RBC) fourth-quarter fiscal 2024 (ended March 2024) adjusted earnings of $2.47 per share beat the Zacks Consensus Estimate of $2.32. The figure increased 16% from the year-ago adjusted earnings of $2.13, supported by higher revenues. Revenue Details In the quarter under review, RBC Bearing ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 for the fiscal year ended March 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from __________to _________ Commission file number 001-40840 RBC BEARINGS INCORPORATED (Exact name of registrant as specified in its charter) Delaware 95-4372080 Securities registered ...