1. Organization
and Business RBC Bearings Incorporated,
together with its subsidiaries, is an international manufacturer and marketer of highly engineered precision bearings and products,
which are integral to the manufacture and operation of most machines, aircraft and mechanical systems, to reduce wear to moving
parts, facilitate proper power transmission, reduce damage and energy loss caused by friction and control pressure and flow. The
terms “we,” “us,” “our,” “RBC” and the “Company” mean RBC Bearings
Incorporated and its subsidiaries, unless the context indicates another meaning. While we manufacture products in all major
categories, we focus primarily on highly technical or regulated bearing products and engineered products for specialized markets
that require sophisticated design, testing and manufacturing capabilities. We believe our unique expertise has enabled us to garner
leading positions in many of the product markets in which we primarily compete. Over the past 16 years, we have broadened our end
markets, products, customer base and geographic reach. We currently have 43 facilities in seven countries, of which 31 are
manufacturing facilities. The Company operates in
four reportable business segments—roller bearings, plain bearings, ball bearings and engineered products—in which it
manufactures roller bearing components and assembled parts and designs and manufactures high-precision roller and ball bearings. The
Company sells to a wide variety of original equipment manufacturers (“OEMs”) and distributors who are widely dispersed
geographically. No one customer accounted for more than 7% of the Company’s net sales in fiscal 2021 and no more than 9% of
net sales in fiscal 2020 or fiscal 2019. The Company’s segments are further discussed in Note 19 “Reportable
Segments.”
Free historical financial statements for RBC Bearings Inc.
See how revenue, income, cash flow, and balance sheet financials have changed over 58 quarters since 2010. Compare with RBC stock chart to see long term trends.
Data imported from RBC Bearings Inc SEC filings. Check original filings before making any investment decision.