Highest-materiality recent filing
RBC Bearings Q1 FY2027 net sales up 19.2% to $519.5M; diluted EPS $3.20 vs $2.17 YoY
Net sales $519.5M (+19.2% YoY); Aerospace & Defense up 36.9%, Industrial up 8.4%.
RBC Bearings Q4 net sales +18.3% to $518M; Aero/Def +41.2%; adj. EPS $3.62 vs $2.83
Q4 GAAP diluted EPS $2.89; adjusted diluted EPS $3.62, up 27.9% YoY.
RBC Bearings Q3 adjusted EPS $3.04, up 29.9% YoY; sales up 17%, backlog doubles to $2.1B
Net sales $461.6M (+17% YoY); A&D segment up 41.5%, Industrial up 3.1%.
RBC Bearings Q2 FY2026: Net sales +14.4% to $455.3M; adj. EPS $2.88
Sales growth driven by Aerospace/Defense (+38.8%); Industrial +0.7%; VACCO contributed $24.7M.
RBC Bearings Q1 FY2026 sales up 7.3% to $436M; EPS $2.17 GAAP, $2.84 adjusted
Net sales $436M vs $406.3M YoY (+7.3%); A&D segment +10.4%, Industrial +5.5%.
RBC Bearings completes $275M acquisition of VACCO Industries; draws $200M from revolver
Subsidiary Roller Bearing Company of America drew $200M on $500M revolver to partially fund the all-cash $275M purchase.
RBC Bearings to acquire VACCO Industries from ESCO Technologies for $310M cash
Acquisition of VACCO for $310M in cash; deal expected to close summer 2025.
RBC Bearings Q4 net sales $437.7M (+5.8%); adj EPS $2.83 vs $2.47; guides Q1 sales $424-434M
Q4 net sales $437.7M, up 5.8% YoY; Aerospace/Defense +10.6%, Industrial +3.3%.
RBC Bearings Q3 FY2025: net sales $394.4M (+5.5%), diluted EPS $1.82 vs $1.39
Net sales increased 5.5% to $394.4 million; Aerospace/Defense segment up 10.7% and Industrial up 2.7%.
RBC Bearings Q2 FY2025 sales $397.9M (+3.2%), adj. EPS $2.29 (+5.1%)
Aerospace/Defense sales +12.5% YoY; Industrial -1.4% YoY.
RBC Bearings converts Series A Preferred Stock to common; saves $23M/year in dividends
Each Preferred share converted into 0.4413 common shares at minimum conversion rate of $226.63 (VWAP average $292.55).
RBC Bearings Q1 FY2025 adj. EPS $2.54 (+19.2% YoY); Aero/Def sales +23.7%
Net sales $406.3M (+5.0% YoY); Aerospace/Defense up 23.7%, Industrial down 3.5%.
RBC Bearings Q4 sales $413.7M (+4.9% YoY); adj. EPS $2.47 vs $2.13; guides Q1 $415-420M
Q4 GAAP diluted EPS $1.91, adjusted EPS $2.47 (+16%); full year adj. EPS $8.62 vs $7.48.
RBC Bearings Q3 sales $373.9M (+6.3% YoY); Aero/Def up 22.5%, adj. EPS $1.85
GAAP diluted EPS $1.39, adjusted diluted EPS $1.85, vs $1.05 and $1.64 a year ago.
RBC Bearings Q2 FY2024 net sales $385.6M (+4.4% YoY); adjusted EPS $2.17 vs $1.93
Net sales $385.6M (+4.4% YoY); Aerospace/Defense up 22.9%, Industrial down 2.8%.
RBC Bearings Q1 net sales $387M (+9.3%); GAAP EPS $1.52, adjusted $2.13
Net sales $387.1M, +9.3% YoY; Aerospace/Defense +21.2%, Industrial +4.7%.
RBC Bearings Q4 net sales up 9.9% to $394.4M; adjusted EPS $2.13 vs $1.93 YoY
GAAP diluted EPS $1.49, adjusted diluted EPS $2.13; net income $49.2M vs $31.5M YoY.
RBC Bearings Q3 fiscal 2023 net sales $351.6M (+31.7% YoY); adjusted EPS $1.64 vs $1.20
Adjusted diluted EPS $1.64 vs $1.20 last year; GAAP diluted EPS $1.05 vs loss $0.18.
RBC Bearings Q2 fiscal 2023 revenue up 129% to $369.2M; adjusted EPS $1.93 vs $1.16
GAAP diluted EPS $1.31, adjusted diluted EPS $1.93; net income $43.8M vs net loss $1.4M YoY.
Q1 net sales $354.1M (+126.7% YoY); GAAP EPS $1.09, adj. EPS $1.19.
RBC Bearings CEO and COO forgo $10.85M and $5.03M in compensation under new equity program
CEO Hartnett and COO Bergeron each waived previously earned equity awards worth $16.8M and $7.37M, receiving restricted stock worth $5.99M and $2.34M.
RBC Bearings Q4 net sales $358.9M (+123.9% YoY); adj. EPS $1.26; Q1 outlook $355-365M
Q4 adj. diluted EPS $1.26 vs $1.08 prior year; GAAP diluted EPS $0.92 vs $0.99.
RBC Bearings Q3 revenue $267M (+83% YoY); adj. EPS $0.70, Q4 guidance $340-350M
Net sales $267.0M, up 83% YoY; organic growth 7.6%. Industrial segment +230.4%, Aerospace/Defense flat.
RBC Bearings Q2 net sales $160.9M (+10%); completed $2.9B Dodge acquisition; Q3 outlook $245-255M
Diluted EPS GAAP $0.25 vs $0.82 YoY; adjusted EPS $0.89 vs $0.93 YoY.
RBC Bearings completes acquisition of ABB's Dodge mechanical power transmission division
Acquired ABB's mechanical power transmission division (Dodge brand) on Nov 1, 2021 for an undisclosed cash purchase price.
RBC Bearings issues $500M 4.375% senior notes due 2029 to fund Dodge acquisition
Issued $500M 4.375% senior notes due 2029; proceeds escrowed pending ABB's Dodge MPT acquisition.
Issued 4.6M shares of 5.00% Series A Mandatory Convertible Preferred Stock at $100 liquidation preference, raising $460M.
RBC Bearings files Dodge financials: 2020 rev $550M, net income $67.6M for pending acquisition
Dodge 2020 revenue $549.9M, net income $67.6M; 2019 revenue $612.4M, net income $77.0M.
RBC Bearings shareholders reject say-on-pay, two director nominees fail to get majority support
Say-on-pay resolution rejected: 17,695,037 against vs 6,064,180 for.
On October 1, 2024, the Board of Directors of RBC Bearings Incorporated (the "Company") elected Frederick J. Elmy a director of the Company to fill a vacancy on the Board
On September 18, 2023, Patick S. Bannon, Vice President and General Manager of RBC Bearings Incorporated and one of its named executive officers for SEC purposes, announced his intent to retire from RBC effective December 31, 2023, ending over 30 years of service with RBC.
On May 17, 2022, the Board of Directors (the “Board”) of RBC Bearings, Inc. (the “Company”) elected Dr. Amir Faghri as a director of the Company.
Alan B Levine retired from the Board of Directors (the “Board”) of RBC Bearings, Inc. (the “Company”) effective May 13, 2022.
Max materiality 0.90 · Median 0.68 · Most common event earnings