Profile: RBC Bearings Inc (ROLL.OQ)

ROLL.OQ on NASDAQ Stock Exchange Global Select Market

55.75USD
12:06pm EDT
Price Change (% chg)

$-0.03 (-0.05%)
Prev Close
$55.78
Open
$55.47
Day's High
$55.76
Day's Low
$55.47
Volume
1,688
Avg. Vol
28,569
52-wk High
$56.96
52-wk Low
$42.86

Search Stocks

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings. The Company focuses on technical or regulated bearing products for specialized markets, which require design, testing and manufacturing capabilities. The Company operates in four product segments: Plain Bearings; Roller Bearings; Ball Bearings; and Other. As of March 31, 2012, the Company had 25 facilities of which 23 are manufacturing facilities in four countries. It serves a range of end markets and classifies its customers into two principal categories: diversified industrial and aerospace and defense. In March 2013, it acquired Western Precision Aero LLC.

The Company manufactures bearing products for a range of diversified industrial markets, including construction and mining, oil and natural resource extraction, heavy truck, rail, packaging and semiconductor machinery. Its diversified industrial customers include AxleTech International, Caterpillar, Halliburton, Komatsu America, National Oilwell Varco and various aftermarket distributors, including Applied Industrial, Kaman Corporation, McMaster Carr and Motion Industries. It supplies bearings for use in commercial, private and military aircraft. This includes military contractors for airplanes, helicopters and missile systems. The Company manufactures bearing products used by the U.S. Department of Defense and certain foreign governments for use in fighter jets, troop transports, naval vessels, helicopters, gas turbine engines, armored vehicles, guided weaponry and satellites. Bearings are employed to fulfill several functions, including reduction of friction, transfer of motion and carriage of loads. The Company designs, manufactures and markets a portfolio of bearing products. It operates through operating segments.

Plain Bearings

Plain bearings are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment. Such misalignments are either due to machining inaccuracies or result when components change position relative to each other. Plain bearings are produced with either self-lubricating or metal-to-metal designs and consists of several sub-classes, including rod end bearings, spherical plain bearings and journal bearings. During the fiscal year ended March 31, 2012 (fiscal 2012), the sales of plain bearings were accounted for 50.3% of its net sales.

Roller Bearings

Roller bearings are anti-friction products that utilize cylindrical rolling elements. The Company produces three main designs: tapered roller bearings, needle roller bearings and needle bearing track rollers and cam followers. It produces medium sized tapered roller bearings used primarily in heavy truck axle applications. It offers several needle roller bearing designs that are used in both industrial applications and certain United States military aircraft platforms. These products are generally specified for use where there are high loads and the design is constrained by space considerations. Needle bearing track rollers and cam followers have a diversified use in the industrial market and are prescribed as a primary component in articulated aircraft wings. During fiscal 2012, the sale of roller bearings accounted for 31.1% of its net sales.

Ball Bearings

The Company specialize in four main types of ball bearings: high precision aerospace, airframe control, thin section and industrial ball bearings. High precision aerospace bearings are primarily sold to customers in the defense industry that require more technically bearing products, such as missile guidance systems, providing fault tolerance given the criticality of the applications in which they are used. Airframe control ball bearings are precision ball bearings that are plated to resist corrosion and are qualified under a military specification. Thin section ball bearings are specialized bearings that use extremely thin cross sections and give specialized machinery manufacturers many advantages. It produces a general line of industrial ball bearings sold primarily to the aftermarket. During fiscal 2012, ball bearings accounted for 10.7% of its net sales.

Other

The Company’s other products consist primarily of precision mechanical components and machine tool collets. Precision mechanical components are used in all general industrial applications, where some form of movement is required. Machine tool collets are cone-shaped metal sleeves, used for holding circular or rodlike pieces in a lathe or other machine that provide part holding and accurate part location during machining operations. During fiscal 2012, other products accounted for 7.9% of its net sales.

The Company competes with Kaydon Corporation, McGill Manufacturing Company, Inc., New Hampshire Ball Bearings and Timken.

Company Address

RBC Bearings Inc

One Tribology Center
102 Willenbrock Road
OXFORD   CT   06478
P: +1203.2677001
F: +1203.2675000

Search Stocks