RBC Bearings INC

RBC Bearings Incorporated has amended and restated the employment agreement for Dr. Michael J. Hartnett, President, CEO, and Chairman, and amended the employment agreement for Daniel A. Bergeron, Vice President and COO. Dr. Hartnett's new agreement includes a 3.0% base salary increase to $1,591,350 annually and revised equity award sizing and ROIC calculation definitions. Mr. Bergeron also received a 3.0% base salary increase to $713,482 annually, along with similar modifications to his equity award sizing and ROIC definitions.

RBC Bearings Incorporated reported fiscal year 2026 net sales of $1.87 billion, a 14.3% increase from the previous year. The company's backlog significantly grew to $2.3 billion as of March 28, 2026, up from $0.9 billion in fiscal 2025, including $0.6 billion from VACCO and $1.1 billion marine-related backlog. The Industrial segment contributed 58% of net sales, while the Aerospace & Defense segment accounted for 42%.

RBC Bearings Incorporated reported strong financial results for its fiscal fourth quarter and full year 2026, driven by significant growth in its Aerospace & Defense segment and accelerating growth in its Industrial business. Fourth-quarter net sales rose 18.3% to $518.0 million, with full-year net sales increasing 14.3% to $1,870.9 million. The company also provided a positive outlook for the first quarter of fiscal 2027, projecting net sales between $500.0 million and $510.0 million.