• A Parker-Hannifin focused on precision bearings and engineered industrial components.
• The Intel Inside for heavy machinery and aerospace, supplying crucial moving parts.

• Plain Bearings: Self-lubricating or metal-to-metal design bearings, including rod end, spherical plain, and journal types, used to rectify misalignments.
• Roller Bearings: Anti-friction bearings that utilize rollers, such as heavy duty needle, tapered, track, and aircraft roller bearings.
• Ball Bearings: High precision ball bearings for high speed applications, including aerospace, airframe control, thin section, and commercial types.
• Engineered Hydraulics and Valves: Specialized hydraulic and valve components primarily for aircraft and submarine applications.
• Fasteners: Components designed for securing various parts.
• Precision Mechanical Components: Specialized mechanical parts used across diverse general industrial applications.
• Machine Tool Collets: Tools specifically designed for holding circular or rod-like pieces in machine tool operations.
• Aerospace and Defense Aftermarket Services: Services related to the maintenance, repair, and overhaul of aerospace and defense products.

RBC Bearings (symbol: RBC) primarily sells its engineered precision bearings and components to other companies (B2B).

The provided background information does not list the names of specific major customer companies. However, it clearly identifies the diverse industries and types of companies that constitute its primary customer base:

• Industrial Original Equipment Manufacturers (OEMs): These customers are manufacturers of various types of equipment that incorporate RBC's bearings and components. This includes companies in the construction and mining sectors, oil and natural resource extraction, heavy truck manufacturing, marine equipment, rail and train systems, packaging machinery, semiconductor machinery, wind energy, canning equipment, and general industrial applications.
• Aerospace and Defense OEMs and Aftermarket: This segment includes manufacturers of aircraft, helicopters, and submarines, for which RBC supplies specialized bearings, engineered hydraulics, valves, and fasteners. It also includes customers requiring aerospace and defense aftermarket services.
• Industrial and Aerospace Distributors: RBC Bearings sells through a network of distributors specializing in industrial and aerospace products, who then supply to a broader base of end-users within their respective markets.

Michael J. Hartnett, Chairman, President and Chief Executive Officer

Dr. Hartnett has served as President and Chief Executive Officer of RBC Bearings since 1992 and as Chairman of the Board since 1993. He joined the company in 1990 as President and General Manager of its Industrial Tectonics Bearings Corporation subsidiary. Prior to that, he spent 18 years at The Torrington Company, a major bearings manufacturer, where he was Vice President and General Manager of the Aerospace Business Unit and Vice President of the Research and Development Division. Dr. Hartnett holds a BS in Mechanical Engineering, an MS, and a PhD in Applied Mechanics. He is recognized for his contributions to tribology, having developed numerous patents and authored many technical papers. Under his leadership, RBC Bearings became a publicly traded company in 2005. He has led an active mergers and acquisitions program, completing 29 transactions over 35 years. He previously served as a director of ATC Technology Corporation, a publicly-owned logistics and automotive aftermarket service provider, until 2010, and Process Fab Inc., a private precision manufacturing company, until 2014.

Robert M. Sullivan, Vice President, Chief Financial Officer

Mr. Sullivan joined RBC Bearings as Assistant Corporate Controller in March 2016 and was appointed Corporate Controller in February 2017. He subsequently assumed the role of Vice President and Chief Financial Officer.

Daniel A. Bergeron, Director, Vice President and Chief Operating Officer

Mr. Bergeron joined RBC Bearings in 2003 as Vice President, Finance, and was appointed Chief Financial Officer later that same year. In 2017, he was additionally appointed Chief Operating Officer, and in October 2020, he relinquished the Chief Financial Officer position.

John J. Feeney, Vice President, General Counsel and Secretary

Mr. Feeney became Assistant General Counsel at RBC Bearings in 2014. Before joining the company, he was Associate Counsel for Conair Corporation, a privately-held consumer products company, from 2008 to 2014. Prior to that, he served as Staff Counsel at Volt Information Sciences, Inc. from 2005 to 2008.

Richard J. Edwards, Vice President and General Manager

Mr. Edwards holds the position of Vice President and General Manager at RBC Bearings.

Key Business Risks for RBC Bearings (RBC)

The key risks for RBC Bearings, a manufacturer and marketer of engineered precision bearings and components, primarily stem from its exposure to cyclical end markets, intense competition within its specialized industries, and vulnerabilities within its supply chain.

1. Exposure to Cyclical End Markets and Raw Material Price Volatility: RBC Bearings operates in diverse sectors including aerospace, defense, and various industrial markets (construction, mining, oil & natural resource extraction, heavy truck, and semiconductor machinery), many of which are inherently cyclical and sensitive to economic fluctuations. This reliance exposes the company to demand fluctuations, which can significantly impact sales and profitability. Additionally, the company is susceptible to inflationary pressures and price volatility of raw material inputs, such as steel, which can increase production costs and compress profit margins.
2. Intense Market Competition and Technological Disruption: The bearings and engineered components industries are highly competitive, with numerous U.S. and international players. RBC Bearings faces continuous challenges from price competition and the need for ongoing innovation to maintain its market position and profitability. The potential for technological advancements, including alternative bearing technologies like magnetic bearings or the use of artificial intelligence by competitors to improve efficiency, poses a threat of market disruption and potential erosion of RBC's market share if it does not adapt.
3. Supply Chain Vulnerabilities: RBC Bearings faces ongoing concerns regarding supply chain disruptions. These vulnerabilities can lead to material shortages, price volatility for components and raw materials, and bottlenecks, particularly in specialty metals. Such disruptions can impact the company's manufacturing processes, its ability to meet customer demand promptly, and ultimately its profitability.

RBC Bearings (symbol: RBC) operates in several addressable markets for its precision bearings and engineered products. The global market sizes for its main product categories are outlined below:

• Plain Bearings: The global plain bearing market was valued at approximately USD 10.4 billion in 2024 and is projected to reach USD 17.8 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2034. North America held the largest share of this market in 2022.
• Roller Bearings: The global roller bearings market size was estimated at USD 30.84 billion in 2024 and is predicted to increase to approximately USD 48.12 billion by 2034, expanding at a CAGR of 4.55% from 2025 to 2034. In 2024, the North America roller bearings market was valued at USD 5.28 billion.
• Ball Bearings: The global ball bearing market size was valued at USD 28.07 billion in 2024 and is expected to reach around USD 39.42 billion by the end of 2034, with a CAGR of 3.45% from 2025 to 2034. Asia Pacific dominated the global market with over 43.0% share in 2025. The U.S. ball bearing market is projected to reach an estimated value of USD 1.95 billion by 2032.
• Engineered Hydraulics and Valves (for aircraft and submarine applications): The global aerospace valves market was valued at USD 12.57 billion in 2024 and is expected to grow at a CAGR of 5.1% from 2025 to 2034. Additionally, the global aircraft hydraulic systems market, which includes valves, was valued at USD 12.2 billion in 2024 and is estimated to reach USD 36 billion by 2034, at a CAGR of 11.5%. The U.S. aircraft hydraulic systems market accounted for USD 3.8 billion in 2024.
• Fasteners: The global industrial fasteners market was valued at USD 108.95 billion in 2025 and is predicted to increase to approximately USD 176.32 billion by 2035, expanding at a CAGR of 4.32% from 2026 to 2035. Asia Pacific dominated this market, contributing over 44% of the revenue share in 2025. The industrial fasteners market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 21.13 billion by 2032.
• Precision Mechanical Components: The global high precision mechanical machine components market was valued at USD 78.5 billion in 2024 and is projected to reach USD 116.1 billion by 2030, growing at a CAGR of 6.8%. Alternatively, the global precision parts market was valued at USD 223.18 billion in 2025 and is set to exceed USD 771.12 billion by 2035, expanding at over 13.2% CAGR from 2026 to 2035. The U.S. dominated the high precision mechanical machine components market with a 74.9% share in 2023.
• Machine Tool Collets: The global machining collet market is projected to reach USD 1.04 billion in 2024, with a CAGR of 4% expected throughout the forecast period of 2025-2033. The global tool holder collets market was valued at USD 1.12 billion in 2025 and is expected to reach USD 1.69 billion by 2035, registering around 4.2% CAGR during the forecast period from 2026 to 2035. North America is projected to be the largest region for tool holder collets by 2035.

RBC Bearings (symbol: RBC) is expected to drive future revenue growth over the next 2-3 years through several key factors:

1. Sustained Strength in Aerospace & Defense Demand: The company anticipates continued robust demand within its Aerospace and Defense (A&D) segment. This includes strong performance in defense programs, particularly for marine applications with multi-year backlogs, fixed-wing aircraft, and missile munitions, which is expected to persist through fiscal 2025 and beyond. Commercial aerospace is also contributing significantly, with growth from original equipment manufacturers (OEMs) and the aftermarket, including opportunities related to the GTF Advantage Engine.
2. Impact of Strategic Acquisitions: Recent strategic acquisitions are projected to be significant revenue drivers. Notably, the acquisition of VACCO Industries in July 2025 expands RBC Bearings' product range into specialized valves and fluid control systems for the space and naval defense sectors. This acquisition is anticipated to add $15 million to $20 million in quarterly revenue. The integration of acquired businesses like the Timken Aerospace Group in 2024 further enhances market reach and customer relationships.
3. Industrial Segment Recovery and Organic Initiatives: While the industrial segment has seen some fluctuations, management anticipates a return to growth. This recovery is expected through organic initiatives, market share gains, and a favorable end-market mix. Positive trends in semiconductor and OEM demand are identified as potential catalysts, with fiscal year 2027 projected to be a higher growth year for the industrial sector.
4. Innovation and Product Diversification: RBC Bearings' commitment to innovation and technology is a core growth strategy. The company invests in advanced manufacturing, digital transformation, and dedicated research and development, evidenced by its history of numerous patents for novel engineering designs. This focus on enhancing operational efficiency, product superiority, and expanding its highly engineered precision product portfolio is crucial for sustained growth and meeting specialized industry demands.

Share Repurchases

• RBC Bearings made $11 million in share repurchases in 2024.
• The company completed a buyback program, announced on May 23, 2019, repurchasing 240,006 shares for $48.3 million.
• There were no share repurchases made between September 28, 2025, and December 27, 2025.

Share Issuance

• In September and October 2021, RBC Bearings issued 3,450,000 shares of common stock and 4,600,000 shares of 5.00% Series A Mandatory Convertible Preferred Stock to finance the acquisition of the DODGE business.

Outbound Investments

• In November 2021, RBC Bearings acquired the DODGE mechanical power transmission division from Asea Brown Boveri Ltd (ABB) for approximately $2.9 billion in cash. This acquisition significantly broadened RBC Bearings' industrial product portfolio.
• In July 2025, the company acquired VACCO Industries for $275 million, expanding its presence in the marine and space sectors.

Capital Expenditures

• RBC Bearings anticipates capital expenditures to remain within its historical depreciation range of 3% to 4% of revenues.
• Capital expenditures are focused on expanding manufacturing capacity in certain areas due to strong business performance and for adding shifts and manpower to increase throughput, particularly in the Aerospace & Defense segment.
• Capital expenditures on property, plant & equipment have been contained, ranging roughly between $9 million and $17 million per quarter in many periods, supporting ongoing capacity maintenance and selective growth.