Rbc Bearings Incorporated Reports Earnings Results for the First Quarter Ended July 3, 2021
August 05, 2021 at 09:11 am EDT
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RBC Bearings Incorporated announced earnings results for the first quarter ended July 3, 2021. For the first quarter, the company announced sales was USD 156.205 million compared to USD 156.493 million a year ago. Operating income was USD 30.723 million compared to USD 28.814 million a year ago. Net income was USD 25.999 million compared to USD 22.689 million a year ago. Basic earnings per share from continuing operations was USD 1.04 compared to USD 0.92 a year ago. Diluted earnings per share from continuing operations was USD 1.03 compared to USD 0.91 a year ago.
RBC Bearings Incorporated is a manufacturer and marketer of engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries. The Company operates through two segments: Aerospace/Defense, and Industrial. The Company's products include plain bearings, roller bearings, ball bearings, mounted bearings, enclosed gearing, motion control components and engineered components. Its plain bearings are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or heavy mining and construction equipment. Its roller bearings are anti-friction products that utilize cylindrical rolling elements. Its roller bearings include tapered roller bearings, needle roller bearings and needle bearing track rollers and cam followers. Its engineered components consist primarily of engineered hydraulics and valves, fasteners, precision mechanical components and machine tool collets.
RBC BEARINGS INCORPORATED 
