RBC Bearings' fiscal first quarter net sales rise 7.3%
RBC Bearings Inc. reported its fiscal first quarter net sales of $436.0 million were 7.3% higher versus the same period last year. Its aerospace/defense business was up 10.4% and Industrial was up 5.5%.
Gross margin was 44.8% for the first quarter of fiscal 2026 compared to 45.3% last year; adjusted gross margin of 45.4% compared to 45.3% last year.
“Our first quarter performance was solid with A&D and industrial segment sales up 10.4% and 5.5%, respectively," said Dr. Michael J. Hartnett, chairman and CEO. "Additionally, gross margin performance remained strong during the quarter due to our industrial segment, highlighting the team’s hard work in driving synergies between Dodge and our broader Industrial business, combined with expansion in aerospace,”
First Quarter Results
Net sales for the first quarter of fiscal 2026 were $436.0 million, an increase of 7.3% from $406.3 million in the first quarter of fiscal 2025. Net sales for the Industrial segment increased 5.5%, while net sales for the Aerospace/Defense segment increased 10.4%. Gross margin for the first quarter of fiscal 2026 was $195.2 million compared to $184.0 million for the same period last year.
SG&A for the first quarter of fiscal 2026 was $73.9 million, an increase of $6.3 million from $67.6 million for the same period last year. As a percentage of net sales, SG&A was 16.9% for the first quarter of fiscal 2026 compared to 16.6% for the same period last year.
Other operating expenses for the first quarter of fiscal 2026 totaled $20.2 million compared to $18.9 million for the same period last year. For the first quarter of fiscal 2026, other operating expenses included $17.9 million of amortization of intangible assets, $1.2 million of restructuring costs, $0.1 million of acquisition costs and $1.0 million of other expense items. For the first quarter of fiscal 2025, other operating expenses included $17.8 million of amortization of intangible assets and $1.1 million of other items.
Operating income for the first quarter of fiscal 2026 was $101.1 million compared to $97.5 million for the same period last year. On an adjusted basis, operating income was $105.3 million for the first quarter of fiscal 2026 compared to $97.5 million for the same period last year. Refer to the tables below for details on the adjustments made to operating income to arrive at adjusted operating income.
Outlook for the Second Quarter Fiscal 2026
The company expects net sales to be approximately $445.0 million to $455.0 million in the second quarter of fiscal 2026, compared to $397.9 million in the prior year, for a growth rate of 11.8% to 14.4%. Gross margin is expected to be in the range of 44.0% to 44.25% and SG&A as a percentage of net sales is expected to be in the range of 17.0% to 17.25%.
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about 3BG Supply. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
