RBC Bearings (ROLL) Tops Q3 EPS by 1c, Revenues Beat; Offers 4Q Revenue Guidance

RBC Bearings (NASDAQ: ROLL) reported Q3 EPS of $0.86, $0.01 better than the analyst estimate of $0.85. Revenue for the quarter came in at $145.9 million versus the consensus estimate of $141.79 million.

“I am pleased to report during the period we demonstrated very good performance at all levels of the operating statements,” said Michael J. Hartnett, Chairman and Chief Executive Officer. “This resulted from outstanding expense control and execution coupled with an expansion of demand for industrial products. Customer requirements for aircraft products were stable and at the levels we expected. Clearly we see this quarter as a turning point and foreshadows a positive outlook for our fiscal 2022 as the economy recovers from the pandemic.”

GUIDANCE:

RBC Bearings sees Q4 2021 revenue of $155-160 million, versus the consensus of $156.38 million.

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

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