RBC Bearings Incorporated (RBC) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us for RBC Barron's fiscal third quarter 2026 earnings call. I'm Josh Carroll with the Investor Relations Team. With me on today's call are Dr. Hartman, 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 Barings' 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 the reconciliation between GAAP and non-GAAP financial information. With that, I'll now turn the call over to Dr. Hartnett. Okay, thank you. And good morning, everyone. And thank you for joining us. As usual, I'm going to start today's call with a short review of our financial results and the outlook for the industry sector with our sectors. Rob Sullivan will follow me with some detailed details on the results. Third quarter net sales were 461 million or a 17% increase over last year. We experienced continued strong performance in our A&D segment, and growth from our industrial businesses. Consolidated gross margin for the quarter was 44.3% and 45.1% on an adjusted basis. Adjusted diluted EPS was 3.04% versus 2.34% a year ago, a 30% improvement. EPA DA came in at $149.6 million versus last year $122.6 million, up 22%. Pre-cash flow for the period is a strong $99.1 million, and we pay down an additional $81 million of debt i...