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Recent Updates — RBC

July 31, 2026View Source ↗

RBC Bearings Incorporated reported fiscal first quarter 2027 results with net sales of $519.5 million, a 19.2% increase from the prior year period. Net income rose to $101.5 million, or diluted earnings per share of $3.20, compared to $68.5 million and $2.17 per share last year. Gross margin expanded to 47.7%, while operating income increased 39.3% to $140.8 million. The company provided second quarter fiscal 2027 net sales guidance of approximately $505.0 million to $515.0 million, representing growth of 10.9% to 13.1%. RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings, components, and essential systems for the industrial, aerospace, and defense markets.

June 24, 2026View Source ↗

RBC Bearings Incorporated entered into amended and restated employment agreements with President, CEO, and Chairman Dr. Michael J. Hartnett and Vice President and COO Daniel A. Bergeron on June 23, 2026. Dr. Hartnett's new agreement includes a 3.0% base salary increase to $1,591,350 per year, retroactive to June 1, 2026, and modifications to equity award sizing and performance-based compensation tables. Mr. Bergeron's amendment includes a 3.0% base salary base salary increase to $713,482, effective June 1, 2026, and modifications to equity award sizing. RBC Bearings Incorporated operates in the precision component manufacturing industry, providing tribology-based solutions for various industries.