RBC Bearings (ROLL) Tops Q1 EPS by 10c, Revenue Beats

RBC Bearings (NASDAQ: ROLL) reported Q1 EPS of $1.15, $0.10 better than the analyst estimate of $1.05. Revenue for the quarter came in at $176 million versus the consensus estimate of $174.33 million.

“Our results for the first quarter of fiscal 2019 were in line with our expectations as organic net sales grew 9.4% during the period. Industrial sales led the way with a positive impact from the aerospace sector as well,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. “The quarter’s strong operating performance, earnings growth, and healthy backlog have us well positioned for the remainder of fiscal 2019.”

GUIDANCE:

RBC Bearings sees Q2 2019 revenue of $171-174 million, versus the consensus of $178.35 million.

For earnings history and earnings-related data on RBC Bearings (ROLL) click here.

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