RBC Bearings: Q3 Earnings Insights

Shares of RBC Bearings ROLL were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share were down 26.23% over the past year to $0.90, which beat the estimate of $0.85.

Revenue of $145,861,000 decreased by 17.60% year over year, which beat the estimate of $141,790,000.

Outlook

Q4 revenue expected between $155,000,000 and $160,000,000.

Details Of The Call

Date: Jan 29, 2021

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/6g7x6x39

Recent Stock Performance

52-week high: $189.97

52-week low: $77.63

Price action over last quarter: Up 36.58%

Company Profile

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.