Shares of RBC Bearings ROLL were unchanged after the company reported Q2 results.
Earnings per share decreased 28.46% year over year to $0.93, which beat the estimate of $0.87.
Revenue of $146,335,000 decreased by 19.56% year over year, which missed the estimate of $150,540,000.
Q3 revenue expected between $140,000,000 and $145,000,000.
Conference Call Details
Date: Oct 30, 2020
Time: 11:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/tf22npng
Company's 52-week high was at $185.06
Company's 52-week low was at $77.63
Price action over last quarter: down 9.97%
RBC Bearings Inc is a manufacturer and marketer of precision bearings and products used in aircraft and mechanical systems. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The products reduce wear in moving parts, facilitate proper power transmission, reduce damage and energy loss, and control pressure and flow. The primary customers for RBC Bearings are industrial markets and aerospace markets such as construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, commercial, private and military aircraft engines, and guided weaponry. The end market is the United States of America.
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