RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates through four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment. The Roller Bearings segment offers heavy duty needle roller bearings, tapered roller bearings, track rollers, and aircraft roller bearings, which are anti-friction bearings that use rollers instead of balls. The Ball Bearings segment manufactures high precision aerospace, airframe control, thin section, and commercial ball bearings that utilize high precision ball elements to reduce friction in high speed applications. The Engineered Products segment offers engineered hydraulics and valves for aircraft and submarine applications, and aerospace and defense aftermarket services; fasteners; precision mechanical components, which are used in various general industrial applications; and machine tool collets that are used for holding circulars or rod-like pieces. The company serves the construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, semiconductor machinery, wind, canning, and general industrial markets through its direct sales force, as well as a network of industrial and aerospace distributors. RBC Bearings Incorporated was founded in 1919 and is headquartered in Oxford, Connecticut.
IPO Year: 2005
Exchange: NASDAQ
Website: rbcbearings.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/14/2022 | $193.00 → $235.00 | Neutral → Underperform | BofA Securities |
| 6/23/2022 | $193.00 | Buy → Neutral | BofA Securities |
| 3/11/2022 | $235.00 | Overweight | Wells Fargo |
| 2/17/2022 | $218.00 | Buy | BofA Securities |
| 12/20/2021 | $217.00 | Neutral | Goldman Sachs |
| 12/3/2021 | $263.00 | Overweight | Morgan Stanley |
| 12/1/2021 | $220.00 | Neutral | Citigroup |
| 9/23/2021 | $225.00 → $250.00 | Hold → Buy | Truist |
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that Mr. Alan B. Levine has retired from the Board of Directors of RBC Bearings. "I want to sincerely thank Alan for his many years of service to the Board and to the Company and wish him all the best in his future endeavors," said Chairman, President and Chief Executive Officer, Dr. Michael J. Hartnett. Dr. Hartnett added, "I am pleased that Alan will continue to advise the Company on strategic projects and financial matters." Similarly, Vice President, Chief O
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it is transferring the listing of its common stock and its 5.00% Series A Mandatory Convertible Preferred Stock to the New York Stock Exchange from The Nasdaq Global Select Market. The RBC common stock and Series A Preferred Stock are expected to begin trading on the NYSE on Monday, September 26, 2022, under the ticker symbols of "RBC" and "RBCP," respectively. The common stock and the Series A Preferred Stock are expected to continue to trade on Nasdaq until
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it will participate in the Morgan Stanley Laguna Conference on September 15, 2022. Materials shared during the conference will be available online at: http://investor.rbcbearings.com. Chairman, President and Chief Executive Officer, Dr. Michael J. Hartnett, and Vice President, Barry Boyan will be representing the Company in person. About RBC Bearings RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bear
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), 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 first quarter of fiscal 2023. Key Highlights First quarter net sales of $354.1 million increased 126.7% over last year; organic net sales up 13.1%. First quarter gross margin of $141.2 million, 39.9%. First quarter EBITDA of 27.4%; adjusted EBITDA of 28.4% vs last year adjusted EBITDA of 29.0%. Second quarter outlook shows net sales of $355 million to $365 million, a growth rate of 121% to 127%. First quarter GAAP diluted EPS $1.09, adjus
Webcast is Live at 12:00 p.m. (ET) RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it will release its first quarter fiscal 2023 financial results before market open on Thursday, August 4th. RBC Bearings will host a conference call to discuss the results on Thursday, August 4th at 12:00 p.m. ET. Dr. Michael J. Hartnett, Chairman, President and Chief Executive Officer; Daniel A. Bergeron, Vice President and Chief Operating Officer; and Robert M. Sullivan, Vice President and Chief Financial Officer will re
High-performing suppliers lauded for operational excellence RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced it has received recognition from The Boeing Company (NYSE:BA) as one of its top suppliers at the company's 2022 Supplier of the Year event in Los Angeles. "The entire RBC Bearings organization is very proud of the Supplier of the Year Award from Boeing. We value our long-standing partnership with Boeing, and we are grateful for the recognition," said Dr. Michael J. Hartnett, Chairman and Chief Executive
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it will participate in the William Blair 42nd Annual Growth Stock Conference on June 7, 2022, in Chicago, Illinois. Materials shared during the conference will be available online at: http://investor.rbcbearings.com. Chairman, President and Chief Executive Officer, Dr. Michael J. Hartnett, and Vice President and Chief Operating Officer, Daniel A. Bergeron, will be representing the Company in-person. About RBC Bearings RBC Bearings Incorporated is an intern
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), 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 of fiscal year 2022. Key Highlights Fourth quarter net sales of $358.9 million increased 123.9% over last year; organic net sales up 10.4%. Fourth quarter gross margin of $137.5 million, 38.3%; adjusted gross margin of $144.3 million, 40.2% compared to 39.1% for the same period last year. Fourth quarter EBITDA of 25.6%; adjusted EBITDA of 29.1% vs last year adjusted EBITDA of 28.6%. First quarter outlook shows net sales of $3
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that its Board of Directors has elected Dr. Amir Faghri a director of the Company. Dr. Faghri is a Class II director and will serve until the Company's annual meeting of stockholders in 2024. He will also serve on the Company's Compensation Committee. Chairman and Chief Executive Officer Dr. Michael J. Hartnett commented, "We are very excited to have Dr. Faghri once again on our Board of Directors. As former Dean of the School of Engineering at the University of
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it will participate in the KeyBanc Capital Markets Industrials & Basic Materials Conference on June 2, 2022, in Boston, Massachusetts. Materials shared during the conference will be available online at: http://investor.rbcbearings.com. Vice President and Chief Operating Officer, Daniel A. Bergeron, and Vice President and Chief Financial Officer, Robert M. Sullivan, will be representing the Company in-person. About RBC Bearings RBC Bearings Incorporated is
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that Mr. Alan B. Levine has retired from the Board of Directors of RBC Bearings. "I want to sincerely thank Alan for his many years of service to the Board and to the Company and wish him all the best in his future endeavors," said Chairman, President and Chief Executive Officer, Dr. Michael J. Hartnett. Dr. Hartnett added, "I am pleased that Alan will continue to advise the Company on strategic projects and financial matters." Similarly, Vice President, Chief O
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RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), 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 first quarter of fiscal 2023. Key Highlights First quarter net sales of $354.1 million increased 126.7% over last year; organic net sales up 13.1%. First quarter gross margin of $141.2 million, 39.9%. First quarter EBITDA of 27.4%; adjusted EBITDA of 28.4% vs last year adjusted EBITDA of 29.0%. Second quarter outlook shows net sales of $355 million to $365 million, a growth rate of 121% to 127%. First quarter GAAP diluted EPS $1.09, adjus
Webcast is Live at 12:00 p.m. (ET) RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it will release its first quarter fiscal 2023 financial results before market open on Thursday, August 4th. RBC Bearings will host a conference call to discuss the results on Thursday, August 4th at 12:00 p.m. ET. Dr. Michael J. Hartnett, Chairman, President and Chief Executive Officer; Daniel A. Bergeron, Vice President and Chief Operating Officer; and Robert M. Sullivan, Vice President and Chief Financial Officer will re
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), 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 of fiscal year 2022. Key Highlights Fourth quarter net sales of $358.9 million increased 123.9% over last year; organic net sales up 10.4%. Fourth quarter gross margin of $137.5 million, 38.3%; adjusted gross margin of $144.3 million, 40.2% compared to 39.1% for the same period last year. Fourth quarter EBITDA of 25.6%; adjusted EBITDA of 29.1% vs last year adjusted EBITDA of 28.6%. First quarter outlook shows net sales of $3
Webcast is Live at 11:00 a.m. (ET) RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today announced that it will release its fourth quarter fiscal 2022 financial results before market open on Thursday, May 26th. RBC Bearings will host a conference call to discuss the results on Thursday, May 26th at 11:00 a.m. ET. Dr. Michael J. Hartnett, Chairman, President and Chief Executive Officer; Daniel A. Bergeron, Vice President and Chief Operating Officer; and Robert M. Sullivan, Vice President and Chief Financial Officer will recap the quarter's resu
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today reported results for the third quarter of fiscal year 2022. Key Highlights Third quarter net sales of $267.0 million increased 83.0% over last year; organic net sales up 7.6%. Third quarter adjusted gross margin of $100.3 million, 37.6% compared to 38.7% for the same period last year. Fourth quarter outlook shows net sales of $340.0 million to $350.0 million including three months of Dodge, a growth rate of 112.1% to 118.3%. Third quarter EBITDA of 15.3%; adjusted EBITDA of 26.7% vs
Webcast is Live at 11:00 a.m. (ET) RBC Bearings Incorporated (NASDAQ:ROLL), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today announced that it will release its third quarter fiscal 2022 financial results before market open on Thursday, February 10th. RBC Bearings will host a conference call to discuss the results on Thursday, February 10th at 11:00 a.m. ET. Dr. Michael J. Hartnett, Chairman, President and Chief Executive Officer; Daniel A. Bergeron, Vice President and Chief Operating Officer; and Robert M. Sullivan, Vice President and Chief Financial Officer will recap the quarter's resu
RBC Bearings Incorporated (NASDAQ:ROLL, ROLLP))), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today reported results for the second quarter of fiscal year 2022. Key Highlights Second quarter net sales of $160.9 million increased 10.0% over last year and were at the high end of our guidance range of $158.0 million to $162.0 million. Second quarter adjusted gross margin of $63.4 million, 39.4%, was up 8.2% over the same period last year (GAAP gross margin 38.8%). Second quarter year to date adjusted gross margin of $127.2 million, 40.1%, was up 7.7% over the same period last year (GAAP
Webcast is Live at 11:00 a.m. (ET) RBC Bearings Incorporated (NASDAQ:ROLL), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today announced that it will release its second quarter fiscal 2022 financial results before market open on Friday, November 12th. RBC Bearings will host a conference call to discuss the results on Friday, November 12th at 11:00 a.m. ET. Dr. Michael J. Hartnett, Chairman, President and Chief Executive Officer; Daniel A. Bergeron, Vice President and Chief Operating Officer; and Robert M. Sullivan, Vice President and Chief Financial Officer will recap the quarter's results
RBC Bearings Incorporated (NASDAQ:ROLL), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today reported results for the first quarter of fiscal year 2022. First Quarter Financial Highlights ($ in millions) Fiscal 2022 Fiscal 2021 Change GAAP Adjusted (1) GAAP Adjusted (1) GAAP Adjusted (1) Net sales $156.2 $156.5 -0.2% Gross margin $63.8 $59.5 7.3% Gross margin % 40.8% 38.0% Operating income $30.7 $31.3 $28.8 $29.9 6.6%
Webcast is Live at 11:00 a.m. (ET) RBC Bearings Incorporated (NASDAQ:ROLL), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today announced that it will release its first quarter fiscal 2022 financial results before market open on Thursday, August 5th. RBC Bearings will host a conference call to discuss the results on Thursday, August 5th at 11:00 a.m. ET. Dr. Michael J. Hartnett, Chairman, President and Chief Executive Officer; Daniel A. Bergeron, Vice President and Chief Operating Officer; and Robert M. Sullivan, Vice President and Chief Financial Officer will recap the quarter's results an
BofA Securities downgraded RBC Bearings from Neutral to Underperform and set a new price target of $235.00 from $193.00 previously
BofA Securities downgraded RBC Bearings from Buy to Neutral and set a new price target of $193.00
Wells Fargo initiated coverage of RBC Bearings with a rating of Overweight and set a new price target of $235.00
BofA Securities resumed coverage of RBC Bearings with a rating of Buy and set a new price target of $218.00
Goldman Sachs initiated coverage of RBC Bearings with a rating of Neutral and set a new price target of $217.00
Morgan Stanley initiated coverage of RBC Bearings with a rating of Overweight and set a new price target of $263.00
Citigroup initiated coverage of RBC Bearings with a rating of Neutral and set a new price target of $220.00
Truist upgraded RBC Bearings from Hold to Buy and set a new price target of $250.00 from $225.00 previously
Royal Bank of Canada resumed coverage of RBC Bearings with a rating of Sell
Truist reiterated coverage of RBC Bearings with a rating of and set a new price target of $140.00 from $118.00 previously
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Analysts have provided the following ratings for RBC Bearings (NASDAQ:ROLL) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 1 1 0 Last 30D 0 0 0 1 0 1M Ago 0 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 1 0 0 According to 4 analyst offering 12-month price targets in the last 3 months, RBC Bearings has an average price target of $237.0 with a high of $285.00 and a low of $193.00. Below is a summary of how these 4 analysts rated RBC Bearings over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts a
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B of A Securities analyst Ronald Epstein downgrades RBC Bearings (NASDAQ:ROLL) from Neutral to Underperform and raises the price target from $193 to $235.
Morgan Stanley analyst Kristine Liwag maintains RBC Bearings (NASDAQ:ROLL) with a Overweight and raises the price target from $263 to $285.
RBC Bearings (NASDAQ:ROLL) reported its Q1 earnings results on Thursday, August 4, 2022 at 08:00 AM. Here's what investors need to know about the announcement. Earnings RBC Bearings missed estimated earnings by 19.05%, reporting an EPS of $1.19 versus an estimate of $1.47. Revenue was up $197.88 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.12 which was followed by a 9.79% increase in the share price the next day. Here's a look at RBC Bearings's past performance: Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022 EPS Estimate 1.14 0.57 1.03 0.99 EPS Actual 1.26 0.70
RBC Bearings (NASDAQ:ROLL) reported quarterly earnings of $1.19 per share which missed the analyst consensus estimate of $1.47 by 19.05 percent. This is a 14.42 percent increase over earnings of $1.04 per share from the same period last year. The company reported quarterly sales of $354.10 million which missed the analyst consensus estimate of $362.30 million by 2.26 percent. This is a 126.69 percent increase over sales of $156.21 million the same period last year.