Stock Analysis
RBC Bearings (NYSE:RBC) Full Year 2024 Results
Key Financial Results
- Revenue: US$1.56b (up 6.2% from FY 2023).
- Net income: US$186.9m (up 30% from FY 2023).
- Profit margin: 12% (up from 9.8% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: US$6.46 (up from US$5.00 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RBC Bearings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.9%.
The primary driver behind last 12 months revenue was the Industrial segment contributing a total revenue of US$1.04b (67% of total revenue). Notably, cost of sales worth US$889.5m amounted to 57% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$253.5m (52% of total expenses). Explore how RBC's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 11% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for RBC Bearings that we have uncovered.
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About NYSE:RBC
RBC Bearings
Manufactures and markets engineered precision bearings, components, and systems in the United States and internationally.
Solid track record with mediocre balance sheet.