RBC Bearings: Q2 Earnings Insights

Shares of RBC Bearings ROLL were unchanged after the company reported Q2 results.

Quarterly 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.

Guidance

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

Technicals

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%

Company Overview

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.