RBC Bearings Incorporated recently released its 10-Q report. The company manufactures engineered precision bearings, components and systems for aerospace, defense and industrial customers in the U.S. and abroad. It operates through two segments, Aerospace & Defense and Industrial, and also sells related gearing, hydraulics, valves, fasteners, power transmission components and aftermarket services.
In Item 2, management said all MD&A dollar amounts are stated in millions except per-share figures, and it framed the quarter around a 52* or 53-week fiscal year ending on the Saturday closest to March 31; fiscal 2027 will have 53 weeks, while both the first quarter of fiscal 2027 and fiscal 2026 had 13 weeks. The company said its discussion focuses on cash flows from operations and outside sources, and it identified a long list of operating risks, including competition, customer concentration, cyclicality, government spending, raw material and energy costs, tariffs, approvals and regulations, labor disruptions, equipment failures, acquisitions, goodwill impairment, debt, interest rates, foreign exchange and supply-chain issues.
RBC said it has 66 facilities in 11 countries, including 44 manufacturing sites, and described its strategy as centered on product development, customer expansion, aftermarket sales and selective acquisitions. It said it has completed 30 acquisitions since 1992, including VACCO on July 18, 2025.
For the quarter ended June 27, 2026, net sales rose 19.2% to $519.5 million from $436.0 million a year earlier, and net income increased 48.2% to $101.5 million from $68.5 million. Diluted earnings per share were $3.20 versus $2.17, with diluted weighted-average shares of 31.7 million, up slightly from 31.6 million.
By segment, Industrial sales increased 8.4% quarter over quarter, with management citing semicon, grain, and food and beverage. Aerospace & Defense sales rose 36.9%, including a 64.6% increase in defense sales and a 21.8% increase in commercial OEM and aftermarket sales; management said VACCO contributed $31.7 million of net sales to defense end markets and $1.6 million to commercial aerospace. Backlog was $2.3 billion at June 27, 2026, unchanged from March 28, 2026, and up from $1.0 billion a year earlier.
Management said it expects second-quarter fiscal 2027 net sales of $505.0 million to $515.0 million, which would be up 10.9% to 13.1% from the second quarter of fiscal 2026. It also said cash and available revolving credit should be enough to fund internal growth initiatives for at least the next 12 months, with cash of $124.5 million at June 27, 2026, including $47.4 million held by foreign operations, and noted that since quarter-end it used $50.0 million of domestic cash to pay down term debt. As a result of these announcements, the company's shares have moved -2.02% on the market, and are now trading at a price of $550.58. If you want to know more, read the company's complete 10-Q report here.
