RBC Bearings Q2 sales beat on aerospace, industrial segment growth
RBC•RBC Bearings fiscal second-quarter sales rose 15% to $524.6 million, beating the $514.83 million consensus, while adjusted EPS of $3.74 topped estimates of $3.53. The company expects third-quarter sales of $520 million to $525 million.
1. Quarterly results
RBC Bearings said fiscal second-quarter sales rose 15% to $524.6 million, compared with analyst expectations of $514.83 million. Adjusted EPS was $3.74, above the $3.53 consensus. Both aerospace and defense and industrial segments posted mid-teen sales growth.
2. Third-quarter outlook
The company expects third-quarter net sales of $520 million to $525 million, gross margin of 45.5% to 45.75%, and SG&A of 16.25% to 16.5% of net sales. Gross margin in the second quarter was boosted by $1.7 million in tariff refunds. Lower interest expense reflected continued debt reduction, including full repayment of the Term Loan.
