RBC Bearings (ROLL) Tops Q1 EPS by 4c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus

RBC Bearings (NASDAQ: ROLL) reported Q1 EPS of $0.91, $0.04 better than the analyst estimate of $0.87. Revenue for the quarter came in at $156.5 million versus the consensus estimate of $152.57 million.

“Our first quarter was one of the most unusual, ever! Our primary objective was to protect our employees from the threats the pathogen posed by creating safe workplaces, our second objective was to operate our facilities efficiently in this environment of extreme government induced uncertainty, and our third objective was to confirm, by account, that product produced would be sold” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. “I am very pleased with the results and thank all our employees for their support and goodwill on behalf of RBC Bearings during this challenging period for everyone”.

GUIDANCE:

RBC Bearings sees Q2 2021 revenue of $148-152 million, versus the consensus of $152.65 million.

• The Company expects net sales to be approximately $148.0 million to $152.0 million in the second quarter of fiscal 2021, compared to $181.9 million last year.

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

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