Restructuring Charges Hold RBC Bearings Back for Now
Machinery from sophisticated aircraft to manufacturing equipment requires a host of bearings and components to work properly, and RBC Bearings (NASDAQ: ROLL) specializes in supplying the key products that various manufacturers need to do their work properly. The strength of the aerospace industry has helped keep RBC moving higher in recent years, but some headwinds earlier in 2017 required the company to make some adjustments to keep itself moving.
Coming into the fiscal second-quarter financial report on Nov. 3, RBC Bearings shareholders were looking for solid growth in key metrics. The bearings specialist didn't quite live up to all of those expectations, and one-time charges also played a role in hurting short-term results even if they might result in better performance in the future. Let's take a closer look at RBC Bearings to see what the results show about its business prospects.
Image source: RBC Bearings.
Source: Fool.com
