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'Stay On The Sidelines With Small Caps For Now,' Says RBC — But UBS Sees Brighter Days Ahead
Benzinga· 2024-06-18 16:44
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 ...
Here's Why Hold Strategy is Apt for RBC Bearings (RBC) Stock
ZACKS· 2024-06-10 16:45
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].
RBC Bearings (RBC) Q4 Earnings Surpass Estimates, Up Y/Y
zacks.com· 2024-05-20 11:15
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 ...
RBC Bearings(RBC) - 2024 Q4 - Annual Report
2024-05-17 20:19
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 ...
RBC Bearings(RBC) - 2024 Q4 - Earnings Call Transcript
2024-05-17 18:03
RBC Bearings Incorporated (NYSE:RBC) Q4 2024 Earnings Conference Call May 17, 2024 11:00 AM ET Company Participants Josh Carroll - IR Michael Hartnett - Chairman, President & CEO Robert Sullivan - VP & CFO Conference Call Participants Kristine Liwag - Morgan Stanley Pete Skibitski - Alembic Global Steve Barger - KeyBanc Capital Markets Michael Ciarmoli - Truist Securities Vivek Srivastava - Goldman Sachs Jordan Lyonnais - Bank of America Operator Greetings, and welcome to RBC Bearings Fiscal 2024 Fourth Qua ...
RBC Bearings(RBC) - 2024 Q4 - Annual Results
2024-05-17 13:58
Oxford, CT – May 17, 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 fourth quarter and full year fiscal 2024. Fourth Quarter Financial Highlights Exhibit 99.1 RBC Bearings Incorporated Announces Fiscal Fourth Quarter and Full Year 2024 Results Three Month Financial Highlights | | | | Fiscal 2024 | | | | Fiscal ...
Liquidity Services Announces Participation in Upcoming Investor Conferences
globenewswire.com· 2024-05-16 10:45
BETHESDA, Md., May 16, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it will be participating in the following upcoming conferences during the months of May and June: About Liquidity Services Liquidity Services (NASDAQ:LQDT) operates the world's largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in completed transactions to more than five million qualified buyers and 15,000 co ...
RBC Bearings(RBC) - 2024 Q3 - Quarterly Report
2024-02-08 21:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . For the quarterly period ended December 30, 2023 Commission File Number: 001-40840 OR RBC BEARINGS INCORPORATED (Exact name of registrant as specified in its charter) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) ...
RBC Bearings(RBC) - 2024 Q3 - Earnings Call Transcript
2024-02-08 20:48
RBC Bearings Incorporated (NYSE:RBC) Q3 2024 Earnings Conference Call February 8, 2024 11:00 AM ET Company Participants Josh Carroll - Investor Relations Michael Hartnett - Chairman, President & Chief Executive Officer Robert Sullivan - Vice President & Chief Financial Officer Daniel Bergeron - Vice President & Chief Operating Officer Conference Call Participants Kristine Liwag - Morgan Stanley Pete Skibitski - Alembic Global Andre Madrid - Bank of America Steve Barger - KeyBanc Capital Markets Seth Weber - ...
RBC Bearings(RBC) - 2024 Q2 - Earnings Call Transcript
2023-11-11 20:00
RBC Bearings Incorporated (NYSE:RBC) Q2 2024 Earnings Conference Call November 9, 2023 11:00 AM ET Company Participants Josh Carroll - Investor Relations Michael Hartnett - Chairman, President and Chief Executive Officer Robert Sullivan - Vice President and Chief Financial Officer Daniel Bergeron - Vice President and Chief Operating Officer Conference Call Participants Kristine Liwag - Morgan Stanley Peter Skibitski - Alembic Global Steve Barger - KeyBanc Capital Markets Vivek Srivastava - Goldman Sachs Tim ...