Regal BeloitNYSE: RBC

Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Closing Bell: Overtime' to discuss oil at 2-month highs, the energy outlook, and hurricane impact.

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Strength in the Aerospace/Defense segment augurs well for RBC Bearings (RBC). The company's measures to reward its shareholders are promising.

RBC Bearings' (RBC) fourth-quarter fiscal 2024 adjusted earnings increase 16% year over year, driven by higher revenues.

RBC Bearings Incorporated (NYSE:RBC) Q4 2024 Earnings Conference Call on May 17, 2024, at 11:00 AM ET with company representatives including Josh Carroll, Michael Hartnett, and Robert Sullivan. Various analysts from Morgan Stanley, Alembic Global, KeyBanc Capital Markets, Truist Securities, Goldman Sachs, and Bank of America are also present on the call. The operator welcomes all participants to the earnings call for RBC Bearings Fiscal 2024 Fourth Quarter.

RBC Bearings Incorporated, a top manufacturer of precision bearings and components for various industries, announced its financial results for the fourth quarter and full year fiscal 2024. Net sales for the fourth quarter were $413.7 million, showing a 4.9% increase from the previous year. Aerospace/Defense sales rose by 16.8%, while Industrial sales decreased by 0.4%. The gross margin was reported at 43.1%.

RBC Bearings (RBC) is poised to gain from positive momentum in the Aerospace/Defense sector, although challenges in the semiconductor market are still a worry.

RBC Bearings (RBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Recovery in build rates from OEMs and stability in the aftermarket bode well for RBC Bearings (RBC). The company's measures to reward its shareholders are promising.