RBC Bearings Inc. (ROLL): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report
Resource from: Zacks Investment Research Likes:194
Dec 18,2014
Summary:
RBC Bearings' reported strong second-quarter fiscal 2015 results. Earnings came in at $0.70 per share, up 9.4% year over year. Revenues grew 10.4% on the back of higher demand for its industrial OEM products. However, at the end of the first six months of fiscal 2015, the company's backlog stood at $217.9 million, down 2% from the year-ago value. We believe the company's solid product portfolio would help it to capitalize on the rising demand in aerospace and industrial end markets in the quarters ahead. Also, acquisitions will add to the company's inorganic growth. However, RBC Bearings' international operations expose it to various geo-political and economic risks. In addition, usage of steel as the main raw material remains a potential headwind. Based on these factors, we maintain a Neutral recommendation on the stock.
Overview:
Headquartered in Oxford, CN, RBC Bearings Incorporated manufactures and distributes plain, roller and ball bearings. These bearings are tools that reduce damage and energy loss, and enable proper power transmission in the majority of machines and mechanical systems.
RBC Bearings offers its products to various customers, classified under two categories, viz. (i) diversified industrial and (ii) aerospace and defense. Diversified industrial market accounted for roughly 42% of net sales in fiscal 2014, whereas aerospace and defense market contributed the remaining 58%. The company conducts its operations in regions including the U.S., Mexico, France, Switzerland, China and England.
RBC Bearings' operations are divided into four segments, each of which is discussed below:
Plain Bearings: RBC Bearings offers a range of plain bearings, mainly to the aerospace industry, which are qualified as per various customer design and performance standards. These bearings are used to correct misalignments in diverse mechanical machineries. They are further classified into rod end bearings, spherical plain bearings and journal bearings.
Roller Bearings: Roller bearings are elements which carry a load using cylindrical rolling elements. RBC offers a variety of roller bearings like tapered roller bearings, used in heavy truck axle operations needle roller bearings, used in industrial and aircraft applications along with needle bearing track rollers and cam followers which are used in industrial markets.
Ball Bearings: Ball bearings are elements which reduce friction using ball elements. RBC manufactures four types of ball bearings high precision aerospace bearings used in the defense industry airframe control ball bearings, used for military purposes thin section ball bearings, used in machinery manufacturing and industrial ball bearings, used in the aftermarket.
Other: This segment of RBC Bearings consists primarily of collets, used as the means to hold a work piece or a tool and precision ball screws, mainly used in aircraft and missiles.
RBC Bearings Inc. (ROLL): Read the Full Research Report
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
RBC BEARINGS (ROLL): Free Stock Analysis Report
To read this article on Zacks.com click here.
(Zacks Investment Research)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous SKF Supplies Wheel-End Solutions for Mazda
Next EU Machine Tool Output Stable Amid Declining Exports
Next EU Machine Tool Output Stable Amid Declining Exports
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
