RBC Bearings Incorporated (ROLL) Releases Earnings Results, Beats Expectations By $0.02 EPS

RBC Bearings Incorporated (ROLL) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $0.86 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.84. The company posted revenue of $162.30 million in the period, compared to analysts expectations of $160.76 million. The company’s revenue was up 43.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

RBC Bearings Incorporated opened for trading at $74.49 and hit $74.77 on the upside on Wednesday, eventually ending the session at $74.2, with a gain of 0.24% or 0.18 points. The heightened volatility saw the trading volume jump to 1,79,829 shares. Company has a market cap of $1,790 M.

In a different news, on Nov 20, 2015, Daniel A Bergeron (VP and CFO) sold 20,000 shares at $67.71 per share price. According to the SEC, on Nov 12, 2015, Richard J Edwards (V.P. and General Manager) sold 24,000 shares at $70.21 per share price. On Nov 12, 2015, Thomas M Burigo (Corporate Controller) sold 12,000 shares at $70.30 per share price, according to the Form-4 filing with the securities and exchange commission.

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision components and bearings. The Company manufactures roller bearing components and assembled parts and designs and manufactures high-precision roller and ball bearings. The Company operates in four business segments: plain bearings roller bearings ball bearings and Other. The Company’s plain bearings segment consists of several sub-classes including rod end bearings spherical plain bearings and journal bearings. The Company’s roller bearings segment manufactures four types of roller bearings: heavy duty needle roller bearings with inner rings tapered roller bearings track rollers and aircraft roller bearings. The Company’s ball bearings segment manufactures four types of ball bearings: high precision aerospace airframe control thin section and commercial ball bearings. The Company’s Other segment consists primarily of precision mechanical components and machine tool collets.

RBC Bearings Incorporated

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