RBC Bearings Incorporated (RBC)
NYSE NYSE Primary 
XFRA 
SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of RBC Bearings Inc. (NYSE: RBC) and Encourages Investors to Contact the Firm
PHILADELPHIA, PA / ACCESSWIRE / August 2, 2024 / Kaskela Law LLC announces that it is investigating RBC Bearings Inc. (NYSE:RBC) on behalf of the company's stockholders. The investigation seeks to determine whether RBC Bearings and/or the company's officers and directors violated the securities laws or breached their fiduciary duties to the company's investors in connection with recent corporate actions.
RBC Bearings (RBC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
RBC Bearings (RBC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Industrial Products Names
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Reasons to Hold RBC Bearings (RBC) in Your Portfolio Now
RBC Bearings (RBC) gains from strength in the Aerospace & Defense business, the Specline buyout and shareholder-friendly policies. Rising operating expenses remain a concern for its profitability.
'Stay On The Sidelines With Small Caps For Now,' Says RBC — But UBS Sees Brighter Days Ahead
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.
Here's Why Hold Strategy is Apt for RBC Bearings (RBC) Stock
Strength in the Aerospace/Defense segment augurs well for RBC Bearings (RBC). The company's measures to reward its shareholders are promising.
JPMORGAN : Receives a Buy rating from RBC
In his latest research note, analyst Gerard Cassidy confirms his positive recommendation. The broker RBC is keeping its Buy rating. The target price remains set at USD 211.
RBC Bearings Q4 Earnings Surpass Estimates, Up Y/Y
's Revenue Details In the quarter under review, RBC Bearings' revenues were $413.7 million, which increased 4.9% year over year. However, the figure missed the Zacks Consensus Estimate of $416 million. While exiting the reported quarter, RBC had a backlog of $726.1 million, up 9.4% year over year. For fiscal 2024, the company's revenues came in at $1.56 billion, up 6.2% year over year. It reported adjusted earnings of $8.62, reflecting an increase of 15.2% on a year-over-year basis. 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: Industrial revenues of $271.4 million (representing 65.6% of the quarter's revenues) were down 0.4% year over year. Aerospace/Defense revenues totaled $142.3 million (34.4%), up 16.8% year over year. Margin Profile In the reported quarter, the company's cost of sales rose 3.2% year over year to $235.4 million. Gross profit grew 7.2% to $178.3 million. The margin expanded 90 basis points (bps) to 43.1%. Selling, general and administrative expenses were $64.4 million, up 8.1% year over year. Adjusted EBITDA jumped 7.4% to $130.1 million. The adjusted EBITDA margin was 31.4%, up 70 bps year over year. Adjusted operating income increased 8.6% year over year to $96.3 million. The adjusted margin increased 80 bps to 23.3%. Net interest expenses were $18.8 million compared with $21.7 million in the year-ago quarter. Balance Sheet and Cash Flow At the time of exiting the fiscal fourth quarter, RBC had cash and cash equivalents of $63.5 million compared with $65.4 million at the end of the year-ago fiscal quarter. Total debt was $1.19 billion, down from $1.40 billion at the end of the year-earlier fiscal quarter. In fiscal 2024, the company generated net cash of $274.7 million from operating activities, which increased 24.5% on a year-over-year basis. Capital expenditure of $33.2 million decreased 21% year over year. In fiscal 2024, RBC Bearings repurchased shares worth $11 million, up 41.4% year over year. Outlook For the first quarter of fiscal 2025, management anticipates net sales in the range of $415-$420 million, suggesting a climb of 7.2-8.5% from the prior-year figure of $387.1 million. Zacks Rank & Other Stocks to Consider RBC currently carries a Zacks Rank #2 (Buy). Some other top-ranked companies from the same space are discussed below: To read this article on Zacks.com click here.
Company News for May 20, 2024
Shares of RBC Bearings Incorporated ((RBC Quick QuoteRBC - Free Report) ) jumped 8.1% after the company reported fourth-quarter fiscal 2024 earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.32 per share.Flowers Foods, Inc.’s ((FLO Quick QuoteFLO - Free Report) ) shares declined 4.1% after the company reported first-quarter fiscal 2024 earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.40 per share.Shares of Doximity, Inc. ((DOCS Quick QuoteDOCS - Free Report) ) soared 18.1% after the company reported fourth-quarter fiscal 2024 earnings of $0.25 per share, surpassing the Zacks Consensus Estimate of $0.20 per share.GameStop Corp.’s ((GME Quick QuoteGME - Free Report) ) shares plunged 19.7% after the company announced that it plans to sell 45 million common stocks in shares. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
RBC Bearings Incorporated (RBC) Q4 2024 Earnings Call Transcript
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 Quarter Earnings Call. At this time, all participants are in a listen-only mode.
