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2 clusters · 7 sources · 24 days · First seen about 1 month ago · Last updated 19 days ago

RBC Bearings financial and investment trends

Overview

RBC Bearings Incorporated reported significant growth in its aerospace and defense segment, which saw a 36.9% increase in sales and a backlog totaling $2.3 billion. This growth contributed to improvements in the company’s adjusted EBITDA and free-cash-flow conversion metrics.

Following these financial developments, institutional investment in the company has seen various adjustments. Tribune Investment Group LP acquired 7,470 shares, valued at approximately $4,811,000, representing 1.9% of its portfolio. Other investors, including State Street Corp and Geode Capital Management LLC, also reported increases in their respective holdings.

Entities

RBC Bearings Incorporated · HSBC Holdings plc · Royal Bank of Canada · Office of the Superintendent of Financial Institutions Canada · Columbia Banking System, Inc.

Timeline

19 days ago

[BUSINESS] 7 sources
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about 1 month ago

[BUSINESS] 4 sources
RBC Bearings Reports 36.9% Jump in Aerospace & Defense Sales, $2.3 B Backlog
RBC Bearings saw aerospace and defense sales rise 36.9%, with a $2.3 B backlog, boosting its adjusted EBITDA and cash‑flow metrics.

Sources

ad-hoc-news.de · bitcoinethereumnews.com · lesaffaires.com · newsroom.bmo.com · pressreach.com · stocknews.com · thedeepdive.ca