false 0001324948 0001324948 2024-02-08 2024-02-08 0001324948 RBC:CommonStockParValue0.01PerShareMember 2024-02-08 2024-02-08 0001324948 RBC:Sec5.00SeriesMandatoryConvertiblePreferredStockParValue0.01PerShareMember 2024-02-08 2024-02-08 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of report: February 8, 2024 (Date of earliest event reportedFebruary 8, 2024)

 

RBC BEARINGS INCORPORATED

(Exact name of registrant as specified in its charter)

 

Delaware   001-40840   95-4372080

(State or other jurisdiction

of incorporation)

 

(Commission File Number)

 

(IRS Employer

Identification No.)

 

One Tribology Center

Oxford, CT 06478

(Address of principal executive offices) (Zip Code)

 

(203) 267-7001

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol   Name of Each Exchange on Which Registered
Common Stock, par value $0.01 per share   RBC   New York Stock Exchange

5.00% Series A Mandatory Convertible Preferred Stock, par value $0.01 per share

  RBCP   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

 

 

 

 

 

 

Section 2 - Financial Information 

 

Item 2.02.  Results of Operations and Financial Condition.

 

On February 8, 2024, RBC Bearings Incorporated (the “Company”) issued a press release announcing its financial results for the quarter ended December 30, 2023, and certain other information.  This press release has been furnished as Exhibit 99.1 to this report and is incorporated herein by this reference.

 

The information in this report, including the exhibit hereto, is furnished pursuant to Item 2.02 of Form 8-K, and is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. The information contained herein and in the accompanying exhibit is not incorporated by reference in any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.

 

Section 9 – Financial Statements and Exhibits

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

99.1   Press Release of RBC Bearings Incorporated dated February 8, 2024.
104   Cover page interactive data file (embedded within the inline XBRL document)

 

1

 

 

SIGNATURES

 

According to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

Date: February 8, 2024

 

  RBC BEARINGS INCORPORATED
     
  By: /s/ John J. Feeney
    Name:  John J. Feeney
    Title: Vice President, General Counsel & Secretary

 

 

2

 

 

Exhibit 99.1

 

Press Release

 

RBC Bearings Incorporated Announces Fiscal 2024 Third Quarter Results

 

Oxford, CT – February 8, 2024 – RBC Bearings Incorporated (NYSE: RBC, RBCP), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today reported results for the third quarter of fiscal 2024.

 

Third Quarter Financial Highlights

 

Third quarter net sales of $373.9 million increased 6.3% over last year, Aerospace/Defense up 22.5% and Industrial down 0.6%.

 

Gross margin of 42.3% in the third quarter of fiscal 2024 compared to 41.5% for the same quarter last year.

 

Third quarter net income as a percentage of net sales of 12.5% vs 10.3% last year; Adjusted EBITDA as a percentage of net sales of 29.3% vs 29.4% last year.

 

   Fiscal 2024   Fiscal 2023   Change 
($ in millions)  GAAP   Adjusted (1)   GAAP   Adjusted (1)   GAAP   Adjusted (1) 
Net sales  $373.9        $351.6         6.3%     
Gross margin  $158.0   $158.0   $146.0   $146.0    8.2%   8.2%
Gross margin %   42.3%   42.3%   41.5%   41.5%          
Operating income  $75.2   $75.5   $70.4   $71.6    7.0%   5.3%
Operating income %   20.1%   20.2%   20.0%   20.4%          
Net income  $46.6   $60.0   $36.3   $53.3    28.4%   12.4%
Net income attributable to common stockholders  $40.8   $54.2   $30.6   $47.7    33.2%   13.6%
Diluted EPS  $1.39   $1.85   $1.05   $1.64    32.4%   12.8%

 

(1)Results exclude items in reconciliation below.

 

 

 

 

Nine Month Financial Highlights

 

   Fiscal 2024   Fiscal 2023   Change 
($ in millions)  GAAP   Adjusted (1)   GAAP   Adjusted (1)   GAAP   Adjusted (1) 
Net sales  $1,146.6        $1,074.9         6.7%     
Gross margin  $492.2   $492.5   $438.3   $438.3    12.3%   12.4%
Gross margin %   42.9%   43.0%   40.8%   40.8%          
Operating income  $248.0   $249.2   $206.9   $215.9    19.9%   15.4%
Operating income %   21.6%   21.7%   19.2%   20.1%          
Net income  $148.3   $196.6   $117.5   $172.8    26.2%   13.7%
Net income attributable to common stockholders  $131.0   $179.3   $100.4   $155.6    30.6%   15.2%
Diluted EPS  $4.49   $6.15   $3.45   $5.36    30.1%   14.7%

 

(1)Results exclude items in reconciliation below.

 

“As expected, third quarter results showed a 6.3% increase in net sales during the quarter compared to the previous year,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. “Our aerospace and defense segment has continued to produce strong results as we continue to see an acceleration in volume, especially from major aircraft manufacturers and their supply chains.”

 

Third Quarter Results

 

Net sales for the third quarter of fiscal 2024 were $373.9 million, an increase of 6.3% from $351.6 million in the third quarter of fiscal 2023. Net sales for our Industrial segment decreased 0.6%, while net sales for our Aerospace/Defense segment increased 22.5%. Gross margin for the third quarter of fiscal 2024 was $158.0 million compared to $146.0 million for the same period last year.

 

SG&A for the third quarter of fiscal 2024 was $63.9 million, an increase of $7.1 million from $56.8 million for the same period last year. As a percentage of net sales, SG&A was 17.1% for the third quarter of fiscal 2024 compared to 16.1% for the same period last year.

 

Other operating expenses for the third quarter of fiscal 2024 totaled $18.9 million compared to $18.8 million for the same period last year. For the third quarter of fiscal 2024, other operating expenses included $17.7 million of amortization of intangible assets, $0.1 million of restructuring costs, and $1.1 million of other items. For the third quarter of fiscal 2023, other operating expenses included $17.4 million of amortization of intangible assets, $1.2 million of Dodge TSA costs and other costs associated with the Dodge acquisition, and $0.2 million of other items.

 

2

 

 

Operating income for the third quarter of fiscal 2024 was $75.2 million compared to $70.4 million for the same period last year. On an adjusted basis, operating income was $75.5 million for the third quarter of fiscal 2024 compared to $71.6 million for the same period last year. Refer to the tables below for details on the adjustments made to operating income to arrive at adjusted operating income.

 

Interest expense, net, was $19.3 million for the third quarter of fiscal 2024 compared to $20.9 million for the same period last year.

 

Income tax expense for the third quarter of fiscal 2024 was $10.2 million compared to $11.7 million for the same period last year. The effective income tax rate for the third quarter of fiscal 2024 was 18.1% compared to 24.4% for the same period last year. The effective income tax rate for the three-month period ended December 30, 2023 of 18.1% included $1.9 million of discrete tax benefits associated with stock-based compensation partially offset by $0.2 million of other items; the effective income tax rate without these net benefits would have been 21.2%. The effective income tax rate for the three-month period ended December 31, 2022 of 24.4% included $0.3 million of discrete tax benefits associated with stock-based compensation partially offset by $0.2 million of other items; the effective income tax rate without these benefits would have been 24.5%

 

Net income for the third quarter of fiscal 2024 was $46.6 million compared to $36.3 million for the same period last year. On an adjusted basis, net income was $60.0 million for the third quarter of fiscal 2024 compared to $53.3 million for the same period last year. Refer to the tables below for details on the adjustments made to net income to arrive at adjusted net income. Net income attributable to common stockholders for the third quarter of fiscal 2024 was $40.8 million compared to $30.6 million for the same period last year. On an adjusted basis, net income attributable to common stockholders for the third quarter of fiscal 2024 was $54.2 million compared to $47.7 million for the same period last year.

 

Diluted EPS attributable to common stockholders for the third quarter of fiscal 2024 was $1.39 compared to $1.05 for the same period last year. On an adjusted basis, diluted EPS attributable to common stockholders was $1.85 for the third quarter of fiscal 2024 compared to $1.64 for the same period last year.

 

Backlog as of December 30, 2023, was $652.1 million compared to $641.3 million as of September 30, 2023 and $613.6 million as of December 31, 2022. The $652.1 million backlog amount excluded $118.6 million of orders that we expected to fulfill beyond 12 months from December 30, 2023; the $641.3 million backlog amount excluded $121.1 million of orders that we expected to fulfill beyond 12 months from September 30, 2023; the $613.6 million backlog amount excluded $107.5 million of orders that we expected to fulfill beyond 12 months from December 31, 2022.

 

3

 

 

Outlook for the Fourth Quarter Fiscal 2024

 

The Company expects net sales to be approximately $405.0 million to $415.0 million in the fourth quarter of fiscal 2024, compared to $394.4 million last year, a growth rate of 2.7% to 5.2%.

 

Live Webcast

 

RBC Bearings Incorporated will host a webcast on Thursday, February 8th, 2024, at 11:00 a.m. ET to discuss the quarterly results. To access the webcast, go to the investor relations portion of the Company’s website, www.rbcbearings.com, and click on the webcast icon. If you do not have access to the Internet and wish to listen to the call, dial 877-407-4019 (international callers dial +1 201-689-8337) and provide conference ID # 13744033. An audio replay of the call will be available from 2:00 p.m. ET February 8th, 2024, until 2:00 p.m. ET February 22nd, 2024. The replay can be accessed by dialing 877-660-6853 (international callers dial +1 201-612-7415) and providing conference ID # 13744033. Investors are advised to dial into the call at least ten minutes prior to the call to register.

 

Non-GAAP Financial Measures

 

In addition to disclosing results of operations that are determined in accordance with U.S. generally accepted accounting principles (GAAP), this press release also discloses non-GAAP results of operations that exclude certain items. These non-GAAP measures adjust for items that management believes are unusual, as well as other non-cash items including but not limited to depreciation, amortization, and equity-based incentive compensation. Management believes that the presentation of these non-GAAP measures provides useful information to investors regarding the Company’s results of operations as these non-GAAP measures allow investors to better evaluate ongoing business performance. Investors should consider non-GAAP measures in addition to, not as a substitute for, financial measures prepared in accordance with GAAP. A reconciliation of the non-GAAP measures disclosed in this press release with the most comparable GAAP measures are included in the financial table attached to this press release.

 

4

 

 

Adjusted Gross Margin and Adjusted Operating Income

 

Adjusted gross margin excludes the impact of restructuring costs associated with the closing of a plant. Adjusted operating income excludes acquisition expenses (including the impact of acquisition-related fair value adjustments in connection with purchase), restructuring and other similar charges, and other non-operational, non-cash or non-recurring losses. We believe that adjusted operating income is useful in assessing our financial performance by excluding items that are not indicative of our core operating performance or that may obscure trends useful in evaluating our continuing results of operations.

 

Adjusted Net Income Attributable to Common Stockholders and Adjusted Earnings Per Share Attributable to Common Stockholders

 

Adjusted net income attributable to common stockholders and adjusted earnings per share attributable to common stockholders (calculated on a diluted basis) exclude non-cash expenses for amortization related to acquired intangible assets, stock-based compensation, amortization of deferred finance fees, acquisition expenses (including the impact of acquisition-related fair value adjustments in connection with purchase), restructuring and other similar charges, gains or losses on divestitures, discontinued operations, gains or losses on extinguishment of debt, and other non-operational, non-cash or non-recurring losses, net of their income tax impact. We believe that adjusted net income and adjusted earnings per share are useful in assessing our financial performance by excluding items that are not indicative of our core operating performance or that may obscure trends useful in evaluating our continuing results of operations.

 

Adjusted EBITDA

 

We use the term “Adjusted EBITDA” to describe net income adjusted for the items summarized in the “Reconciliation of GAAP to Non-GAAP Financial Measures” table below. Adjusted EBITDA is intended to show our unleveraged, pre-tax operating results and therefore reflects our financial performance based on operational factors, excluding non-operational, non-cash or non-recurring losses or gains. In view of our debt level, Adjusted EBITDA aids our investors in understanding our compliance with our debt covenants. Management and various investors use the ratio of total debt less cash to Adjusted EBITDA, or “net debt leverage,” as a measure of our financial strength and ability to incur incremental indebtedness when making investment decisions and evaluating us against peers. Lastly, management and various investors use the ratio of the change in Adjusted EBITDA divided by the change in net sales (referred to as “incremental margin” in the case of an increase in net sales or “decremental margin” in the case of a decrease in net sales) as an additional measure of our financial performance and some investors utilize it when making investment decisions and evaluating us against peers.

 

Adjusted EBITDA is not a presentation made in accordance with GAAP, and our definition of Adjusted EBITDA may vary from the definition used by others in our industry. Adjusted EBITDA should not be considered as an alternative to net income, income from operations, or any other performance measures derived in accordance with GAAP. Adjusted EBITDA has important limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our results as reported under GAAP. For example, Adjusted EBITDA does not reflect (a) our capital expenditures, future requirements for capital expenditures or contractual commitments; (b) changes in, or cash requirements for, our working capital needs; (c) the significant interest expenses, or the cash requirements necessary to service interest or principal payments, on our debt; (d) tax payments that represent a reduction in cash available to us; (e) any cash requirements for the assets being depreciated and amortized that may have to be replaced in the future; or (f) the impact of earnings or charges resulting from matters that we and the lenders under our credit agreement may not consider indicative of our ongoing operations. In particular, our definition of Adjusted EBITDA adds back certain non-cash, non-operating or non-recurring charges that are deducted in calculating net income, even though these are expenses that may recur or vary greatly, are difficult to predict, and can represent the effect of long-term strategies as opposed to short-term results. In addition, certain of these expenses can represent the reduction of cash that could be used for other corporate purposes. Further, although not included in the calculation of Adjusted EBITDA below, the measure may at times (i) include estimated cost savings and operating synergies related to operational changes ranging from acquisitions to dispositions to restructurings and/or (ii) exclude one-time transition expenditures that we anticipate we will need to incur to realize cost savings before such savings have occurred.

 

5

 

 

About RBC Bearings

 

RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products and components requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace and defense markets. The Company is headquartered in Oxford, Connecticut.

 

Safe Harbor for Forward Looking Statements

 

Certain statements in this press release contain “forward-looking statements.” All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including the following: the section of this press release entitled “Outlook”; any projections of earnings, revenue or other financial items relating to the Company, any statement of the plans, strategies and objectives of management for future operations; any statements concerning proposed future growth rates in the markets we serve; any statements of belief; any characterization of and the Company’s ability to control contingent liabilities; anticipated trends in the Company’s businesses; and any statements of assumptions underlying any of the foregoing. Forward-looking statements may include the words “may,” “would,” “estimate,” “intend,” “continue,” “believe,” “expect,” “anticipate,” and other similar words. Although the Company believes that the expectations reflected in any forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties beyond the control of the Company. These risks and uncertainties include, but are not limited to, risks and uncertainties relating to general economic conditions, geopolitical factors, future levels of aerospace/defense and industrial market activity, future financial performance, our debt level, the integration of the Dodge acquisition, market acceptance of new or enhanced versions of the Company’s products, the pricing of raw materials, changes in the competitive environments in which the Company’s businesses operate, the outcome of pending or future litigation and governmental proceedings and approvals, estimated legal costs, increases in interest rates, tax legislation and changes, our ability to meet our debt obligations, the Company’s ability to acquire and integrate complementary businesses, and risks and uncertainties listed or disclosed in our reports filed with the Securities and Exchange Commission, including, without limitation, the risks identified under the heading “Risk Factors” set forth in the Company’s most recent Annual Report on Form 10-K filed with the SEC. The Company does not intend, and undertakes no obligation, to update or alter any forward-looking statements.

 

Contacts

 

RBC Bearings

Robert Sullivan

203-267-5014

Rsullivan@rbcbearings.com

 

Alpha IR Group

Michael Cummings

617-461-1101

investors@rbcbearings.com

 

6

 

 

RBC Bearings Incorporated

Consolidated Statements of Operations

(dollars in thousands, except share and per share data)

(Unaudited)

 

   Three Months Ended   Nine Months Ended 
   December 30,   December 31,   December 30,   December 31, 
   2023   2022   2023   2022 
Net sales  $373,906   $351,625   $1,146,600   $1,074,872 
Cost of sales   215,861    205,585    654,379    636,533 
Gross margin   158,045    146,040    492,221    438,339 
                     
Operating expenses:                    
Selling, general and administrative   63,895    56,782    189,128    170,129 
Other, net   18,859    18,866    55,055    61,331 
Total operating expenses   82,754    75,648    244,183    231,460 
                     
Operating income   75,291    70,392    248,038    206,879 
                     
Interest expense, net   19,303    20,901    59,911    55,032 
Other non-operating expense   (879)   1,539    423    2,490 
Income before income taxes   56,867    47,952    187,704    149,357 
Provision for income taxes   10,313    11,688    39,470    31,853 
Net income   46,554    36,264    148,234    117,504 
Preferred stock dividends   5,814    5,686    17,250    17,186 
Net income attributable to common stockholders  $40,740   $30,578   $130,984   $100,318 
                     
Net income per common share attributable to common stockholders:                    
Basic  $1.41   $1.06   $4.53   $3.49 
Diluted  $1.39   $1.05   $4.49   $3.45 
                     
Weighted average common shares:                    
Basic   28,924,073    28,805,305    28,885,453    28,744,732 
Diluted   29,204,570    29,120,318    29,153,469    29,053,608 

 

   Three Months Ended   Nine Months Ended 
Reconciliation of Reported Gross Margin to  December 30,   December 31,   December 30,   December 31, 
Adjusted Gross Margin:  2023   2022   2023   2022 
Reported gross margin  $158,045   $146,040   $492,221   $438,339 
Restructuring and consolidation   -    -    289    - 
Adjusted gross margin  $158,045   $146,040   $492,510   $438,339 

 

   Three Months Ended   Nine Months Ended 
Reconciliation of Reported Operating Income to  December 30,   December 31,   December 30,   December 31, 
Adjusted Operating Income:  2023   2022   2023   2022 
Reported operating income  $75,291   $70,392   $248,038   $206,879 
Transaction and related costs   113    6    138    73 
Transition services   -    1,241    -    8,945 
Restructuring and consolidation   65    -    986    17 
Adjusted operating income  $75,469   $71,639   $249,162   $215,914 

 

7

 

 

   Three Months Ended   Nine Months Ended 
Reconciliation of Reported Net Income to Adjusted Net  December 30,   December 31,   December 30,   December 31, 
Income Attributable to Common Stockholders:  2023   2022   2023   2022 
Reported net income  $46,554   $36,264   $148,234   $117,504 
Transaction and related costs   113    6    138    73 
Transition services   -    1,241    -    8,945 
Restructuring and consolidation   65    -    986    17 
Foreign exchange translation loss/(gain)   -    -    -    (417)
M&A related amortization   16,463    16,276    49,068    48,832 
Stock compensation expense   4,177    2,874    13,314    11,047 
Amortization of deferred finance fees   649    1,826    2,296    6,164 
Pension settlement   (455)   -    (455)   - 
Insurance proceeds received   (1,632)   -    (1,632)   - 
Tax impact of adjustments and other tax matters   (5,962)   (5,141)   (15,394)   (19,362)
Adjusted net income  $59,972   $53,346   $196,555   $172,803 
                     
Preferred stock dividends   5,814    5,686    17,250    17,186 
                     
Adjusted net income attributable to common stockholders  $54,158   $47,660   $179,305   $155,617 
                     
Adjusted net income per common share attributable to common stockholders:                    
Basic  $1.87   $1.65   $6.21   $5.41 
Diluted  $1.85   $1.64   $6.15   $5.36 
                     
Weighted average common shares:                    
Basic   28,924,073    28,805,305    28,885,453    28,744,732 
Diluted   29,204,570    29,120,318    29,153,469    29,053,608 

 

   Three Months Ended   Nine Months Ended 
Reconciliation of Reported Net Income to  December 30,   December 31,   December 30,   December 31, 
Adjusted EBITDA:  2023   2022   2023   2022 
Reported net income  $46,554   $36,264   $148,234   $117,504 
Interest expense, net   19,303    20,901    59,911    55,032 
Provision for income taxes   10,313    11,688    39,470    31,853 
Stock compensation expense   4,177    2,874    13,314    11,047 
Depreciation and amortization   29,890    28,743    89,566    85,811 
Other non-operating expense   1,208    1,539    2,510    2,490 
Transaction and related costs   113    6    138    73 
Transition services   -    1,241    -    8,945 
Restructuring and consolidation   65    -    986    17 
Pension settlement   (455)   -    (455)   - 
Insurance proceeds received   (1,632)   -    (1,632)   - 
Adjusted EBITDA  $109,536   $103,256   $352,042   $312,772 

 

8

 

 

   Three Months Ended   Nine Months Ended 
   December 30,   December 31,   December 30,   December 31, 
Selected Financial Data:  2023   2022   2023   2022 
Cash provided by operating activities  $80,503   $60,878   $195,323   $149,258 
                     
Capital expenditures  $9,531   $6,501   $23,716   $29,577 
                     
Total debt            $1,264,357   $1,464,078 
                     
Cash and cash equivalents            $71,611   $82,036 
                     
Total debt minus cash and cash equivalents            $1,192,746   $1,382,042 
                     
Repurchase of common stock            $7,599   $6,559 
                     
Backlog            $652,138   $613,582 

 

   Three Months Ended   Nine Months Ended 
   December 30,   December 31,   December 30,   December 31, 
Segment Data, Net External Sales:  2023   2022   2023   2022 
Aerospace and defense segment  $129,293   $105,532   $377,036   $308,479 
Industrial segment   244,613    246,093    769,564    766,393 
Total net external sales  $373,906   $351,625   $1,146,600   $1,074,872 

 

 

 

9

 

 

 

 

 

v3.24.0.1
Cover
Feb. 08, 2024
Document Type 8-K
Amendment Flag false
Document Period End Date Feb. 08, 2024
Entity File Number 001-40840
Entity Registrant Name RBC BEARINGS INCORPORATED
Entity Central Index Key 0001324948
Entity Tax Identification Number 95-4372080
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One One Tribology Center
Entity Address, City or Town Oxford
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06478
City Area Code 203
Local Phone Number 267-7001
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Stock, par value $0.01 per share  
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol RBC
Security Exchange Name NYSE
5.00% Series A Mandatory Convertible Preferred Stock, par value $0.01 per share  
Title of 12(b) Security 5.00% Series A Mandatory Convertible Preferred Stock, par value $0.01 per share
Trading Symbol RBCP
Security Exchange Name NYSE

RBC Bearings (NYSE:RBCP)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more RBC Bearings Charts.
RBC Bearings (NYSE:RBCP)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more RBC Bearings Charts.