Vertex Pharmaceuticals stock falls after pain drug fails in Phase 2 study
Investing.com -- RBC Bearings Incorporated (NYSE:RBC) reported better-than-expected first quarter fiscal 2026 results on Friday, with both earnings and revenue exceeding analyst estimates, driven by strong performance across its aerospace and industrial segments.
The precision bearings manufacturer posted adjusted earnings per share of $2.84, surpassing the analyst consensus of $2.74. Revenue rose 7.3% YoY to $436 million, beating the $431.64 million estimate. The company’s shares edged up 1.9% in pre-market trading following the announcement.
RBC Bearings’ aerospace and defense segment led growth with a 10.4% increase in sales, while the industrial segment grew 5.5% compared to the same period last year. The company maintained strong profitability with an adjusted gross margin of 45.4%, slightly higher than 45.3% in the year-ago quarter.
"Our first quarter performance was solid with A&D and Industrial segment sales up 10.4% and 5.5%, respectively," said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. "Additionally, gross margin performance remained strong during the quarter due to our Industrial segment, highlighting the team’s hard work in driving synergies."
Looking ahead, RBC Bearings provided upbeat guidance for the second quarter, projecting revenue between $445 million and $455 million, well above the analyst consensus of $434.5 million. This represents anticipated growth of 11.8% to 14.4% compared to the prior year.
The company’s backlog reached $1.02 billion as of June 28, 2025, up from $940.7 million at the end of March 2025 and $825.8 million a year earlier, indicating strong future demand for its products.
Free cash flow improved to $104.3 million from $88.4 million in the year-ago period, with free cash flow conversion reaching 152.3%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.