RBC Bearings Incorporated (NYSE:RBC) Q2 2024 Earnings Call Transcript

And it looks to me like everybody is up 20%. And with rare exception, where they’re up maybe a little bit more. So, it’s really going to depend on, to some extent, how much we’re able to produce. Can we get the labor? What do we — in some places in the country, that’s not so difficult. In other places, it’s very difficult. So, there’s a lot of operational ether to pass-through in order to put it all together, but it’s going to be a very strong year. And in some of our businesses right now, if we had double — if we could double the capacity, we would double the sales. I mean, you just can’t turn that up that fast.

Timothy Thein: Yeah. Got it. Got it. Okay. And then, this is probably [indiscernible]. In terms of the — just the full year net sales expectation, was there any change from — the language changed a little bit from last quarter. Subsequent to that, you acquired Specline, which obviously doesn’t give you a [indiscernible] for the remaining months of the year. But have your full year net sales expectations changed at all from last quarter?

Michael Hartnett: Well, I mean, we’re 90 days deeper into the year. So, we have 90 days more information on how the economy is treating our industrial businesses. We pretty much know how it’s treating the aerospace and defense businesses. So, we adjusted accordingly.

Timothy Thein: Got it. So, maybe industrial is a bit softer, which is certainly not shocking, but maybe that’s taken out a little bit of the guidance compared to 90 days ago. That’s a fair and that’s more than offset maybe a little stronger aero environment?

Michael Hartnett: Yeah. That’s right.

Timothy Thein: Okay. All right. Thank you.

Operator: Thank you. There are no further questions at this time. I would now like to turn the call over to Dr. Hartnett for any closing remarks.

End of Q&A:

Michael Hartnett: Okay. Well, that concludes our conference call for the — for our second quarter. And I appreciate everybody participating. I appreciate all the good questions. And look forward to speaking to you again in probably early February. Good day.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.