RBC Bearings Incorporated
- Open
- 560.54
- Day high
- 564.59
- Day low
- 548.30
- Prev close
- 556.50
- Volume
- 172K
- Mkt cap
- $17.5B
- P/E (TTM)
- 54.3
- EPS (TTM)
- $10.17
- P/B
- 5.1
- P/S
- 8.9
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$1.1M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions accumulating (13F)
RBC Bearings Incorporated (RBC) is a Industrials company listed on NYSE. The stock is up 38% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
RBC Bearings Incorporated (RBC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RBC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 31, 2026 | $3.42 | $3.88 | +13.5% | $520M | +2.1% |
| May 15, 2026 | $3.31 | $3.62 | +9.4% | $518M | +2.4% |
| Feb 5, 2026 | $2.85 | $3.04 | +6.7% | $462M | -8.8% |
| Oct 31, 2025 | $2.73 | $2.88 | +5.5% | $455M | +1.1% |
| Aug 1, 2025 | $2.74 | $2.84 | +3.6% | $436M | -0.6% |
| May 16, 2025 | $2.71 | $2.83 | +4.4% | $438M | -0.4% |
| Jan 31, 2025 | $2.20 | $2.34 | +6.4% | $394M | -10.0% |
| Nov 1, 2024 | $2.30 | $2.29 | -0.4% | $398M | +1.4% |
| Aug 2, 2024 | $2.37 | $2.54 | +7.2% | $406M | -0.6% |
| May 17, 2024 | $2.36 | $2.47 | +4.7% | $414M | -0.1% |
| Feb 8, 2024 | $1.91 | $1.85 | -3.1% | $374M | -10.7% |
| Nov 9, 2023 | $2.00 | $2.17 | +8.5% | $386M | -1.3% |
RBC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 25, 2026 | Ennico Dolores Jdirector | Sell | 600 | $636.11 |
| Jun 25, 2026 | Ennico Dolores Jdirector | Option | 200 | $127.33 |
| Jun 25, 2026 | Ennico Dolores Jdirector | Option | 400 | $199.16 |
| Jun 25, 2026 | Feeney John J.officer: Vice President and Secretary | Sell | 225 | $657.94 |
| Jun 22, 2026 | Kaplan Steven H.director | Sell | 350 | $631.79 |
| Jun 5, 2026 | Edwards Richard Jofficer: V.P. and General Manager | Tax | 91 | $571.96 |
| Jun 5, 2026 | Edwards Richard Jofficer: V.P. and General Manager | Tax | 364 | $578.34 |
| Jun 5, 2026 | Stewart Edwarddirector | Sell | 600 | $592.83 |
| Jun 5, 2026 | Feeney John J.officer: Vice President and Secretary | Tax | 36 | $571.96 |
| Jun 5, 2026 | Stewart Edwarddirector | Option | 600 | $199.16 |
| Jun 5, 2026 | Feeney John J.officer: Vice President and Secretary | Tax | 95 | $578.34 |
| Jun 5, 2026 | HARTNETT MICHAEL Jdirector, officer: President and CEO | Tax | 4,892 | $571.96 |
| Jun 5, 2026 | Sullivan Robert Mofficer: Vice President and CFO | Tax | 197 | $571.96 |
| Jun 5, 2026 | Sullivan Robert Mofficer: Vice President and CFO | Tax | 272 | $578.34 |
| Jun 5, 2026 | BERGERON DANIEL Adirector, officer: Vice President and COO | Tax | 1,630 | $571.96 |
Source: RBC SEC Form 4 filings, latest Jun 25, 2026. For informational purposes only — not investment advice.
See the full RBC insider & 13F page →RBC Bearings Incorporated company profile
Overview
RBC Bearings Incorporated (NASDAQ:RBC) is a specialized manufacturer of engineered precision bearings and mechanical components founded in 1919 and headquartered in Oxford, Connecticut. The company went public in 2005 and has grown through both organic expansion and strategic acquisitions, most notably the transformative acquisition of Dodge Industrial in 2021. RBC operates as a niche industrial manufacturer serving critical applications in aerospace, defense, and industrial markets where precision, reliability, and performance are paramount.
Business
RBC Bearings operates in the precision bearings and mechanical components industry, manufacturing highly engineered products that reduce friction and enable smooth motion in mechanical systems. Bearings are fundamental mechanical components that allow rotating or moving parts to operate efficiently by reducing friction between surfaces - think of them as the "joints" in mechanical systems that keep machinery running smoothly. The company operates through two primary business segments: 1. Aerospace/Defense segment (approximately 35% of revenue): This division produces specialized bearings and components for commercial aircraft, military aircraft, submarines, and defense systems. Products include precision ball bearings for aircraft control systems, rod end bearings for flight control surfaces, and hydraulic components for submarines. The aerospace market demands extremely high reliability since bearing failure could be catastrophic, requiring products that meet stringent certification standards and can operate in extreme conditions. 2. Industrial segment (approximately 65% of revenue): This larger division serves diverse industrial applications including oil and gas extraction, mining equipment, food processing machinery, wind turbines, and general manufacturing. The industrial portfolio includes mounted bearings (bearings pre-installed in housings for easy installation), power transmission components like gearboxes, and specialized products for harsh environments. This segment was significantly expanded through the 2021 acquisition of Dodge Industrial, a leading manufacturer of mounted bearings and power transmission products. The company's product portfolio spans multiple bearing technologies: plain bearings (metal-to-metal contact with self-lubricating properties), roller bearings (using cylindrical rolling elements), and ball bearings (using spherical rolling elements). RBC also manufactures complementary products like fasteners, hydraulic valves, and precision mechanical components that often accompany bearing applications.
Revenue model
RBC Bearings generates revenue primarily through product sales to original equipment manufacturers (OEMs) and through distribution channels serving aftermarket replacement needs. The company's business model centers on manufacturing highly engineered, application-specific components that command premium pricing due to their critical nature and technical specifications. Revenue streams include: 1. OEM sales to manufacturers of aircraft, industrial equipment, and defense systems who integrate RBC's bearings into their products during manufacturing. 2. Aftermarket/replacement sales through industrial distributors who serve end-users needing replacement parts for existing equipment. The aftermarket business, particularly strong in the industrial segment through the Dodge acquisition, provides more stable recurring revenue as equipment requires periodic bearing replacement regardless of economic conditions. The company's customers include major aerospace manufacturers like Boeing and Airbus, defense contractors, and industrial equipment manufacturers across sectors like oil and gas, mining, food processing, and power generation. Payment terms are typically standard commercial arrangements with established manufacturers and distributors. Several factors influence RBC's margins: Positive margin drivers include the company's focus on high-value, engineered applications where technical performance matters more than price, successful integration synergies from the Dodge acquisition (achieving $70-80 million in cost synergies), economies of scale from higher production volumes especially in aerospace, and pricing power in specialized applications. Margin pressures come from raw material costs (particularly specialized aerospace-grade steels with long lead times), competitive pricing in commodity industrial applications, integration costs from acquisitions, and the need for significant R&D and certification investments to serve aerospace markets. The company has demonstrated ability to pass through material cost increases and improve operational efficiency, with gross margins expanding from the high 30% range to over 43% following the Dodge integration.
Competitive moat
RBC Bearings possesses a moderate but meaningful competitive moat built on several defensive characteristics, though it operates in a competitive industrial market without insurmountable barriers to entry. The company's strongest moat elements include: 1. Technical expertise and application engineering - RBC has developed deep knowledge in designing bearings for demanding applications, particularly in aerospace where failure is not acceptable. This engineering capability and institutional knowledge creates switching costs for customers who rely on RBC's technical support. 2. Regulatory barriers in aerospace - Aircraft components require extensive testing, certification, and qualification processes that can take years and significant investment. Once qualified on an aircraft platform, bearings typically remain specified for the aircraft's entire production life, creating long-term revenue visibility. 3. Customer relationships and switching costs - In critical applications, customers are reluctant to switch suppliers due to the time and cost of requalification, especially when bearing performance is crucial to their equipment's reliability. However, the moat has limitations: The industrial bearing market is highly competitive with numerous global suppliers including large players like SKF, Timken, and NSK. Many industrial applications are more commoditized where price competition is intense. RBC's relatively small size compared to major bearing manufacturers limits economies of scale in commodity products. Competitive threats include potential disruption from larger bearing manufacturers expanding into RBC's niche markets, technological changes in bearing materials or designs, and economic pressures that could force customers to prioritize cost over performance. The company's strategy of focusing on high-value, engineered applications helps differentiate it from pure commodity players, but this also limits its addressable market size. Overall, RBC has carved out defensible positions in specific niches, but faces ongoing competitive pressure that requires continuous innovation and operational excellence.
Risks & safety
RBC Bearings demonstrates solid financial stability with manageable debt levels and strong cash generation, though trading at elevated valuation multiples. • Liquidity and Solvency: Strong current ratio of 3.26x and quick ratio of 1.18x indicate excellent short-term liquidity. Cash position of $37 million is modest but supported by strong operating cash flow of $294 million annually. Net debt-to-EBITDA ratio of approximately 2.5x is reasonable for an industrial company. • Debt Management: Total debt-to-equity ratio of 0.34x represents conservative leverage. The company has been aggressively paying down debt from the Dodge acquisition, reducing term loans by over $625 million and planning additional $275-300 million reduction in fiscal 2025. • Cash Generation: Robust free cash flow of $244 million annually (15% of revenue) provides substantial financial flexibility. Operating cash flow conversion is strong, supporting both debt reduction and growth investments. • Valuation Concerns: Trading at elevated multiples with P/E of 40x, EV/EBITDA of 22x, and price-to-book of 3.2x. These metrics suggest limited margin of safety from a valuation perspective, requiring continued strong execution to justify current pricing. • Other Considerations: Cyclical industrial exposure creates earnings volatility risk, though aerospace content provides some stability. Integration execution risk remains as Dodge synergies continue to be realized.
Recent development
Over the past several years, RBC Bearings has undergone significant strategic transformation centered on the transformative acquisition of Dodge Industrial in November 2021 for approximately $2.9 billion. This acquisition more than doubled the company's size and fundamentally shifted its business mix toward industrial applications, with the industrial segment now representing about 65% of total revenue compared to being the smaller segment previously. The company has successfully executed aggressive integration and synergy capture, achieving $70-80 million in annual cost synergies within two years through manufacturing consolidation, supply chain optimization, and overhead reduction. Management has also focused on debt reduction, paying down over $625 million of acquisition debt and targeting additional reductions of $275-300 million in fiscal 2025. Geographic expansion initiatives have accelerated, with RBC leveraging the combined entity to expand internationally. The company completed a new 100,000 square foot manufacturing facility in Tecate, Mexico, and is pursuing growth opportunities in Europe, India, and Canada. This international expansion aims to capture revenue synergies by introducing RBC's aerospace capabilities to Dodge's industrial customer base globally. In the aerospace segment, RBC has been expanding manufacturing capacity to meet increasing demand from Boeing and Airbus production ramp-ups. The company has made strategic acquisitions like Specline to add specialized aerospace bearing production capabilities and has been investing in advanced manufacturing technologies to improve efficiency and quality. The company has also pursued portfolio optimization, rationalizing product lines to focus on higher-margin applications while expanding in attractive end markets like space (growing from $4 million to $10 million in annual shipments), oil and gas recovery, and renewable energy applications including wind power components.
RBC company profile · for informational purposes only — not investment advice.
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