RBC Bearings Incorporated (RBC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us for RBC Bearing's Fiscal First Quarter 2026 Earnings Call. I'm Josh Carroll with the Investor Relations Team, and with me on today's call are Dr. Hartnett, Chairman, President, and Chief Executive Officer, Daniel Bergeron, Director, Vice President, and Chief Operating Officer, and Rob Sullivan, Vice President and Chief Financial Officer. As a reminder, some of the statements made today may be forward-looking and are under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected or implied due to a variety of factors. We refer you to RBC Bearing's recent filings with the SEC for a more detailed discussion of the risk that could impact the company's future operating results and financial condition. These factors are also listed in the press release along with reconciliation between GAAP and non-GAAP financial information. With that, I'll now turn the call over to Dr. Hartnett. Thank you, Josh, and good morning. You know, we had a great quarter, and we have some really good news to go through with you today. So thank you all for joining us. So I'm going to start today's call, as usual, with a short review of our financial results, and I'll finish our outlook on the industry and fiscal 26. Rob Sullivan will follow me with more details on the numbers. So our first quarter sales were $436 million. A 7.3% increase over last year driven by continued strong performance in our aerospace and defense segment and solid performance from our industrial businesses. Consolidated gross margin for the quarter was 44.8% versus 45.3% for the same period last year and adjusted diluted EPS was 284 versus 254 per share. Clearly, we're very pleased to see these strong margins and kick off our fi...