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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 ...

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 ...

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 ...