RBC Bearings' Q2 Earnings & Revenues Miss Estimates, Increase Y/Y

Zacks11-05

RBC Bearings Incorporated’s RBC second-quarter fiscal 2025 (ended September 2024) adjusted earnings of $2.29 per share narrowly missed the Zacks Consensus Estimate of $2.30.The figure increased 5.1% ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481555613?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Jic1OD0Ah.Pz1wExbnI14w--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/2f6a4cb36bff82376a520fc8a1c89a49","is_english":true,"pubTime":"2024-11-05 02:02","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2481555613","market":"us","top_or_hot":-1,"title":"RBC Bearings' Q2 Earnings & Revenues Miss Estimates, Increase Y/Y","media":"Zacks","content":"<div>\n<p>RBC Bearings Incorporated’s RBC second-quarter fiscal 2025 (ended September 2024) adjusted earnings of $2.29 per share narrowly missed the Zacks Consensus Estimate of $2.30.The figure increased 5.1% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rbc-bearings-q2-earnings-revenues-180200614.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>RBC Bearings' Q2 Earnings & Revenues Miss Estimates, Increase Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRBC Bearings' Q2 Earnings & Revenues Miss Estimates, Increase Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 02:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rbc-bearings-q2-earnings-revenues-180200614.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RBC Bearings Incorporated’s RBC second-quarter fiscal 2025 (ended September 2024) adjusted earnings of $2.29 per share narrowly missed the Zacks Consensus Estimate of $2.30.The figure increased 5.1% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rbc-bearings-q2-earnings-revenues-180200614.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CR","symbol_name":"crane","start_time":0,"source_url":"https://finance.yahoo.com/news/rbc-bearings-q2-earnings-revenues-180200614.html","article_id":"2481555613","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Jic1OD0Ah.Pz1wExbnI14w--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/2f6a4cb36bff82376a520fc8a1c89a49"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481555613","pubTimestamp":1730743320,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"RBC Bearings Incorporated’s RBC second-quarter fiscal 2025  adjusted earnings of $2.29 per share narrowly missed the Zacks Consensus Estimate of $2.30.The figure increased 5.1% from year-ago adjusted earnings of $2.17 per share, supported by higher revenues. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.RBC Bearings’ revenues were $397.9 million, which increased 3.2% year over year. However, the figure missed the Zacks Consensus Estimate of $401 million.While exiting the fiscal second quarter, RBC had a backlog of $864 million compared with $825.8 million reported at the end of the first quarter of fiscal 2025 .RBC Bearings Incorporated Price, Consensus and EPS Surprise. RBC Bearings Incorporated price-consensus-eps-surprise-chart | RBC Bearings Incorporated Quote. Here are some better-ranked stocks from the same space:Cran","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CR":"crane","PH":"汉尼汾","RRX":"Regal Rexnord","RBC":"RBC轴承"},"translate_title":"RBC轴承第二季度盈利和收入未达预期，同比增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CR":0.9,"PH":0.9,"RBC":0.9,"RRX":0.9},"content_text":"RBC Bearings Incorporated’s RBC second-quarter fiscal 2025 (ended September 2024) adjusted earnings of $2.29 per share narrowly missed the Zacks Consensus Estimate of $2.30.The figure increased 5.1% from year-ago adjusted earnings of $2.17 per share, supported by higher revenues. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nRBC’s Revenue Details\nRBC Bearings’ revenues were $397.9 million, which increased 3.2% year over year. However, the figure missed the Zacks Consensus Estimate of $401 million.While exiting the fiscal second quarter, RBC had a backlog of $864 million compared with $825.8 million reported at the end of the first quarter of fiscal 2025 (ended June 30, 2024).\nSegmental Details\nThe company currently has two reportable segments, namely Aerospace/Defense and Industrial. Its segmental performance for the fiscal second quarter is briefly discussed below:Industrial revenues of $254.7 million (representing 64% of the quarter’s revenues) were down 1.4% year over year.Aerospace/Defense revenues totaled $143.2 million (36%), up 12.5% year over year.\n\nRBC Bearings Incorporated Price, Consensus and EPS Surprise\n  \nRBC Bearings Incorporated price-consensus-eps-surprise-chart | RBC Bearings Incorporated Quote\n\nRBC’s Margin Profile\nThe company’s cost of sales rose 2.2% year over year to $224.1 million. Gross profit grew 4.5% to $173.8 million. The margin expanded 60 basis points (bps) to 43.7%.Selling, general and administrative (SG&A) expenses were $69.5 million, up 14.9% year over year. Adjusted EBITDA inched up 1.1% to $123.4 million. The adjusted EBITDA margin was 31%, down 70 bps year over year.Adjusted operating income decreased 2% year over year to $86.6 million. The adjusted margin decreased 110 bps to 21.8%. Net interest expenses were $15.6 million compared with $20.1 million in the year-ago quarter.\nBalance Sheet & Cash Flow\nAt the time of exiting the fiscal second quarter, RBC had cash and cash equivalents of $89.1 million compared with $63.5 million at the end of the fiscal 2024. Long-term debt (less current portion) was $1.10 billion, down from $1.19 billion at the end of the fiscal 2024.In the first six months of fiscal 2025, the company generated net cash of $140.4 million from operating activities, which increased 22.3% on a year-over-year basis. Capital expenditure of $25.2 million increased 77.5% year over year.In the first six months of fiscal 2025, RBC Bearings repurchased shares worth $8.4 million, up 20% year over year.\nRBC Bearings’ Outlook\nFor the fiscal third quarter, management anticipates net sales to be in the range of $390-$400 million, indicating an increase from the year-ago quarter reported figure of $386 million.The gross margin is expected to be in the range of 42.50-43.50%, while SG&A (as a percentage of sales) is projected to be in the band of 17.0-17.5%.\nZacks Rank & Key Picks\nRBC currently carries a Zacks Rank #3 (Hold).\nHere are some better-ranked stocks from the same space:Crane Company CR currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.CR delivered a trailing four-quarter average earnings surprise of 7.6%. In the past 60 days, the Zacks Consensus Estimate for Crane’s 2024 earnings has increased 1%.Ingersoll-Rand plc IR presently carries a Zacks Rank of 2. IR delivered a trailing four-quarter average earnings surprise of 9.1%.In the past 60 days, the consensus estimate for Ingersoll-Rand’s 2024 earnings has inched up 0.6%.Parker-Hannifin Corporation PH currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 8.5%.In the past 60 days, the consensus estimate for Parker-Hannifin’s fiscal 2025 (ending June 2025) earnings has increased 0.6%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nParker-Hannifin Corporation (PH) : Free Stock Analysis Report\nRBC Bearings Incorporated (RBC) : Free Stock Analysis Report\nIngersoll Rand Inc. (IR) : Free Stock Analysis Report\nCrane Company (CR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481555613"}