RBC Bearings Lifts Q1 Sales to $519.5 Million as Q2 Outlook Tops $505 Million
Updated
Updated · Yahoo Finance · Aug 1
RBC Bearings Lifts Q1 Sales to $519.5 Million as Q2 Outlook Tops $505 Million
3 articles · Updated · Yahoo Finance · Aug 1
Summary
$519.5 million in fiscal Q1 sales and $101.5 million in net income marked a sharp rise from $436.0 million and $68.5 million a year earlier, with RBC Bearings also posting higher EPS.
Aerospace & Defense drove the quarter, helping deliver record margins, cash flow and backlog, while the Industrial segment added support to the growth story.
$505 million to $515 million in Q2 sales guidance points to continued double-digit year-over-year growth, extending momentum from the strong first quarter.
Capacity expansion, VACCO integration and reliance on concentrated aerospace and defense customers remain key investor concerns even as results strengthen the near-term outlook.