Earnings ·
RBC Bearings Incorporated reported fiscal first quarter 2027 results with net sales of $519.5 million, a 19.2%…
RBCRBC Bearings Inc
RBC Bearings Incorporated reported fiscal first quarter 2027 results with net sales of $519.5 million, a 19.2% increase from the prior year period. Net income rose to $101.5 million, or diluted earnings per share of $3.20, compared to $68.5 million and $2.17 per share last year. Gross margin expanded to 47.7%, while operating income increased 39.3% to $140.8 million. The company provided second quarter fiscal 2027 net sales guidance of approximately $505.0 million to $515.0 million, representing growth of 10.9% to 13.1%. RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings, components, and essential systems for the industrial, aerospace, and defense markets.