RBC earnings analysis
What we found in RBC's 10-K: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
RBC Bearings demonstrated robust financial performance in its Fiscal Year 2026, achieving revenues of $1,870.9 million, representing a 14.3% increase from the prior year, alongside a net income of $287.6 million, reflecting a 23.0% growth. The Aerospace & Defense segment notably saw a year-over-year sales increase of 32.9%, driven by heightened demand in commercial and defense markets, particularly following the acquisition of VACCO, which contributed $83.9 million to net sales in 2026. Investors should remain aware of potential risks associated with rising costs and interest rates.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 14.3%
- RBC achieved $1,870.9 million in net sales for FY2026, up from $1,636.3 million in FY2025.
- Strong EPS Increase
- Diluted EPS rose to $9.09 in FY2026, compared to $7.70 in FY2025, marking a 17.8% growth.
- Aerospace & Defense Surge
- The Aerospace & Defense segment sales surged 32.9% year-over-year, reaching $788.0 million.
- Robust Cash Flow Generation
- Operating cash flow increased by $122.1 million year-over-year to $415.7 million in FY2026.
- Substantial Backlog Growth
- Total backlog increased to $2.3 billion as of March 28, 2026, compared to $0.9 billion on March 29, 2025.
- Successful Acquisition Integration
- The VACCO acquisition contributed $83.9 million to net sales in FY2026, enhancing operational capabilities.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Rising Interest Expenses
- Interest expenses increased to $49.8 million in FY2026 from $59.8 million in FY2025, indicating growing debt service obligations.
- Increased Competition
- The company highlights risks from intensified competition in the engineered components industry, potentially impacting profitability.
- Supply Chain Cost Pressures
- Inflationary pressures on materials and energy costs could negatively affect margins; approximately 52% of input costs are variable.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $9.09
- Gross margin
- 44.4%
- Operating margin
- 22.5%
- Segment
- Aerospace & Defense
- Segment
- Industrial
What they said about what is next.
Q1 2027 net sales guidance provided in MD&A; expected growth of 14.7% to 17.0% year-over-year.
The filing reads better than the one before it.
What came before.
- 10-Q · February 5, 2026
- RBC Bearings reported strong Q3 2025 performance with revenue reaching $462 million, a 17.0% increase compared to $394 million a year ago, and an EPS of $2.13, outperforming prior quarter results. Notably, the…
- 10-Q · October 31, 2025
- RBC Bearings reported a strong Q2 2026, with net sales reaching $455.3 million, up 14.4% YoY, driven by substantial growth in the Aerospace/Defense segment, which surged by 38.8%. EPS came in at $2.88, beating estimates…
- 10-Q · August 1, 2025
- RBC Bearings Inc. reported a revenue increase of 7.3% year-over-year to $436 million in Q1 2025. Gross margin slightly decreased to 44.8%, and diluted EPS rose to $2.17, reflecting strong performance in both the…
- 10-K · May 16, 2025
- RBC Bearings Incorporated reported a fiscal year 2025 revenue of $1,636.3 million, an increase of 4.9% year-over-year, driven primarily by a 14.1% rise in Aerospace/Defense segment sales. The company achieved a gross…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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