Core Insights - RBC Bearings Incorporated (RBC) is experiencing growth in its Aerospace/Defense segment, which enhances its attractiveness to investors [1][4] - The company's shares have appreciated by 29% over the past year, and it holds a Zacks Rank of 2 (Buy) [3] Business Strength - The Aerospace/Defense segment is performing strongly, driven by increased orders from both OEMs and aftermarket sectors in commercial aerospace [4] - A robust backlog and effective execution on incremental orders are expected to benefit the segment [4] - Demand for bearings and engineered components in the defense market is also increasing, particularly in marine, helicopter, and missile applications [4] Product Portfolio - RBC has a well-diversified product portfolio, including spherical bearings, sealed bearings, rod ends, and precision dowel pins [5] - Investments in manufacturing processes are anticipated to yield long-term benefits [5] - A new 100,000-square-foot plant in Takata, Mexico, was completed in early 2024 to enhance production capacity [5] Expansion Efforts - The company is expanding through acquisitions, including the purchase of Specline, Inc. for $18.7 million in August 2023, which enhances its aerospace product offerings and production capacity [6] Shareholder Rewards - RBC is committed to rewarding shareholders through dividends and share buyback programs, paying $5.7 million in dividends and repurchasing shares worth $8 million in the first three months of fiscal 2025 [7] - Share repurchases increased by 17.7% year over year, with $11 million in shares repurchased and preferred dividends of $22.9 million distributed in fiscal 2024 [7]

Core Viewpoint - RBC Bearings has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system tracks the Zacks Consensus Estimate for EPS, reflecting the collective view of sell-side analysts on the company's earnings potential [1][2]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, with institutional investors using these estimates to assess fair value [4][6]. Recent Developments for RBC Bearings - RBC Bearings is projected to earn $9.71 per share for the fiscal year ending March 2025, marking a year-over-year increase of 12.7% [8]. - Over the past three months, the Zacks Consensus Estimate for RBC Bearings has risen by 0.2%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of RBC Bearings to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

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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 ...

Core Viewpoint - The market anticipates RBC Bearings (RBC) will report a year-over-year increase in earnings driven by higher revenues for the quarter ended June 2024, with a consensus EPS estimate of $2.37, reflecting an 11.3% increase from the previous year [1][3]. Earnings Expectations - Revenues are projected to reach $417.06 million, representing a 7.7% increase compared to the same quarter last year [4]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [5]. Earnings Surprise Potential - The Most Accurate Estimate for RBC Bearings is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.42%, suggesting a bullish outlook from analysts [11]. - The stock currently holds a Zacks Rank of 3, indicating a hold position [12]. Historical Performance - In the last reported quarter, RBC Bearings exceeded the expected EPS of $2.32 by delivering $2.47, resulting in a surprise of +6.47% [14]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [15]. Industry Comparison - Middleby (MIDD), another player in the Zacks Manufacturing - General Industrial industry, is expected to report a decline in EPS of -8.1% year-over-year, with revenues down 4.9% [19]. - Middleby has a current Earnings ESP of 0.44%, indicating a potential to beat the consensus EPS estimate, similar to RBC Bearings [20][22].

Group 1: Industry Outlook - Strong U.S. and international defense budgets, along with robust demand for commercial air travel, are expected to positively impact the Aerospace & Defense segment in the upcoming quarters [1] - For the first quarter of fiscal 2025, overall net sales are anticipated to be in the range of $415-$420 million, indicating a year-over-year growth of 7.2-8.5% [1] Group 2: Company Developments - The company is focused on expanding its portfolio through acquisitions, such as the acquisition of Specline, a precision bearings manufacturer, which enhanced its aerospace product offerings and production capacity [2] - RBC Bearings has been rewarding shareholders through dividends and share buybacks, paying out $22.9 million in dividends and repurchasing shares worth $11 million, a 41.4% increase year over year [3] Group 3: Financial Performance - In the fourth quarter of fiscal 2024, revenues from the Aerospace & Defense segment increased by 16.8% year over year, driven by recovery in build rates from large OEMs and stability in the aftermarket [9] - The company's cost of sales rose by 3.2% year over year due to increased raw material costs, while selling, general, and administrative expenses escalated by 8.1% year over year [5]

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 ...

Core Insights - RBC Bearings Incorporated (RBC) is experiencing growth driven by its Aerospace/Defense segment and strategic acquisitions, despite challenges in the Industrial Segment and rising costs [6][7]. Group 1: Business Expansion - RBC has expanded its operations by acquiring Specline, Inc., a precision bearings manufacturer, which enhances its aerospace product offerings and production capacity [2]. - The company anticipates net sales for the first quarter of fiscal 2025 to be between $415 million and $420 million, reflecting a year-over-year increase of 7.2-8.5% [7]. Group 2: Financial Performance - Over the past year, RBC's shares have increased by 32.8%, outperforming the industry growth of 17.5% [3]. - In fiscal 2024, RBC paid dividends totaling $22.9 million and repurchased shares worth $11 million, marking a 41.4% increase in buybacks year-over-year [8]. Group 3: Market Outlook - The Aerospace/Defense segment is bolstered by rising U.S. and international defense budgets, increased demand for commercial air travel, and recovery in build rates from large OEMs [6][7].

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 ...