Industry Dominates but Aerospace & Defense Are Catching Up: RBC Bearings is a Breakout Candidate After Earnings and a Potential Long-Term Beneficiary of the Robotics Era.

RBC Bearings (RBC) is one of those mid-cap companies that continue to grow under the radar of many investors. The company has achieved an average growth of 25% in free cash flow over the past 20 years, partly through numerous acquisitions. Founded in 1919, RBC is an internationally active manufacturer and marketer of advanced precision bearings and components that are used in a variety of machines, aircraft, and mechanical systems. The IPO took place in 2005. The industrial segment accounted for about two-thirds of revenue in fiscal year 2024,...