Reasons to Hold RBC Bearings (RBC) in Your Portfolio Now

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 ...