RBC Bearings sales jump 15.2% to $524.6 million in second quarter
Key Facts
RBC Bearings said on October 30 that sales reached $524.6 million in the second quarter of fiscal 2027, up 15.2% from $455.3 million in the same period of the prior fiscal year. GAAP diluted earnings per share rose to $2.96 from $1.90 a year earlier, while adjusted earnings per share came to $3.74, compared with $2.88. Revenue topped analysts’ estimate of $513.95 million, while their estimate for earnings per share was $3.53. On a comparison of adjusted actual earnings per share with that estimate, the company beat market expectations. However, the company’s stock closed at $462.21 on October 30, compared with $495.74 in the previous session.
RBC’s growth came from its aerospace and defense and industrial segments, with sales in the former rising 15.8% and in the latter 14.8% during the quarter. Gross margin also benefited from $1.7 million in tariff refunds, according to the company’s statement. Gross margin was 47.7% in the previous quarter, compared with 44.8% in the same period a year earlier, according to Investing.com data. These figures put margin performance at the center of investors’ focus on the company’s results, alongside sales growth in both segments. The backlog stood at $2.4 billion on September 26, 2026.
RBC Bearings forecast third-quarter fiscal 2027 sales of between $520 million and $525 million, equivalent to year-over-year growth of between 12.7% and 13.7%. The guidance follows second-quarter sales of $524.6 million, up 15.2% year over year. The comparison shows the projected sales range for the next quarter is close to the level recorded in the second quarter, while the annual growth rates remain based on the company’s estimates. The backlog stood at $2.4 billion at the end of September. The company reported its second-quarter results on October 30.
In the rental housing sector, Invitation Homes reported total revenue of $731 million in the third quarter of 2026, up 6.3% year over year. Net income available to common shareholders rose 15.6% to $158 million, or $0.27 per diluted share, according to the results statement published via Nasdaq. However, same-store net operating income for the portfolio, which comprises 76,687 homes, rose just 1.1%. Core portfolio revenue increased 1.6%, while core operating expenses rose 2.5%. The divergence between growth in total revenue and limited operating income growth highlights the effect of expenses on portfolio performance.
The company said average monthly rent rose 1.8%, while average occupancy fell 10 basis points and bad debt increased 10 basis points year over year. Core funds from operations per share rose 2.4% to $0.48 in the third quarter. Invitation Homes attributed the increase mainly to a lower share count following buybacks, along with growth in same-store net operating income. The company sold 658 wholly owned homes and acquired 216 homes during the quarter, for a net disposition of 442 homes. Net proceeds were about $245 million, which the company used to fund share repurchases.
Invitation Homes raised the midpoint of its annual core funds from operations per share guidance to $1.96 and also increased its forecast for same-store net operating income growth to 1.2% for fiscal 2026. In the stock market, the company’s shares closed at $26.56 on October 30, compared with $26.64 the previous day. In India, Indian Energy Exchange reported consolidated net profit of 139.2 crore rupees in the second quarter of fiscal 2027, ended September 30, 2026, up 12.9% year over year. Its profit growth announcement came without figures comparing it with analysts’ estimates among the available facts. This completes the results roundup covering two U.S. companies and Indian Energy Exchange during the same earnings season.