RBC Bearings reports Q1 adjusted EPS $2.13, consensus $1.96

Reports Q1 revenue $387.12M, consensus $389.48M. “We are pleased with our first quarter results, as net sales increased 9.3% during the period,” said Michael Hartnett, chairman and CEO. “As anticipated, we see strong demand for products from the aerospace and defense marine sectors. Our aircraft customers’ pursuit of even greater plane build rates has pushed RBC sales growth well into the double digits; and our industrial sector experiences continuing benefit from healthy order rates for bearings servicing high-growth markets.”