RBC Bearings INC RBC
New risk paragraphs, branching off last year
Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed May 16, 2025. A box jumps to the paragraph as filed, below.
Paragraphs with nothing like them in last year's 10-K
3 paragraphs in Risk Factors of the 10-K filed May 15, 2026 with nothing like them in the 10-K filed May 16, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
The United States imposes tariffs on many of the raw materials and component parts we import from foreign sources (including our foreign operations) to support our U.S. manufacturing operations. Most notably, steel, which is our largest raw material import, is subject to what is known as a “Section 232 tariff.” These tariffs increase our cost for imported raw materials and component parts, which decreases our profitability to the extent that we are unable to pass the increased cost on to our customers.
Use of artificial intelligence could expose us to operational, compliance, and data-related risk.
We currently utilize artificial intelligence-enabled tools primarily to support administrative and efficiency-focused functions. While these tools are not used to make operational, financial reporting, or customer-related decisions, we are still exposed to certain risks including potential data and security or privacy breaches, reliance on third-party AI service providers, inaccurate or incomplete outputs, and evolving regulatory and legal requirements. These risks could result in negative consequences for the Company such as, but not limited to, increased inefficiencies, increased training and legal costs, and contractual or legal claims.
Paragraphs in the 10-Q filed Oct 30, 2026 that were not in the one before
New in the latest 10-Q
17 paragraphs in the 10-Q filed Oct 30, 2026 with nothing like them in the 10-Q filed Jul 31, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
10-Q
One Tribology Center Oxford, CT 06478 (Address of principal executive offices) (Zip Code)
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Financial statements and notes
Three Months Ended Six Months Ended September 26, September 27, September 26, September 27,
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Three Months Ended Six Months Ended September 26, September 27, September 26, September 27,
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2026 2025 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Cash flows from operating activities: Net income $ 195.3 $ 128.5 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 67.4 62.5 Deferred income taxes (0.4) 8.9 Amortization of deferred financing costs 1.7 1.5 Stock-based compensation 14.9 14.0 Noncash operating lease expense 3.8 3.5 Loss on disposition of assets — 0.1 Restructuring and other noncash charges 0.6 4.0 Changes in operating assets and liabilities, net of acquisitions: Accounts receivable 7.7 42.0 Inventory (25.1) (48.2) Prepaid expenses and other current assets (11.3) (7.3) Other noncurrent assets (13.4) (7.7) Accounts payable 7.2 (1.5) Accrued expenses and other current liabilities 22.5 3.4 Other noncurrent liabilities 7.3 4.7 Net cash provided by operating activities 278.2 208.4 Cash flows from investing activities: Capital expenditures (45.6) (32.4) Acquisition of business (24.2) (275.0) Proceeds from sale of assets 0.2 — Net cash used in investing activities (69.6) (307.4) Cash flows from financing activities: Proceeds received from revolving credit facilities 8.3 200.0 Repayments of revolving credit facilities — (5.0) Repayments of term loans (173.0) (45.0) Repayments of notes payable (1.4) (1.3) Principal payments on finance lease obligations (2.2) (2.3) Exercise of equity awards 3.3 20.3 Tax withholding for common stock issued under equity incentive plans (11.4) (12.7) Net cash (used in) / provided by financing activities (176.4) 154.0 Effect of exchange rate changes on cash (0.2) (0.6) Cash: Increase during the period 32.0 54.4 Cash, at beginning of period 57.3 36.8 Cash, at end of period $ 89.3 $ 91.2 Supplemental disclosures of cash flow information: Cash paid for: Income taxes $ 58.4 $ 41.6 Interest 17.0 24.3
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Three Months Ended Six Months Ended September 26, September 27, September 26, September 27,
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Show the other 12
Three Months Ended Six Months Ended September 26, September 27, September 26, September 27,
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Three Months Ended Six Months Ended September 26, September 27, September 26, September 27,
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Three Months Ended Six Months Ended September 26, September 27, September 26, September 27,
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(1) Goodwill associated with the acquisition of PSC Couplings as discussed further in Note 14.
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(1) Includes $8.6 of customer relationships, $1.5 of trade names and $1.2 of funded backlog resulting from the PSC Couplings acquisition.
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During the quarter ended September 26, 2026, the Term Loan was fully repaid and the debt issuance costs associated with the Term Loan were fully amortized.
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Three Months Ended Six Months Ended September 26, September 27, September 26, September 27,
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On August 10, 2026, RBC through its Dodge Industrial subsidiary acquired the business assets of PSC Couplings, LLC for a cash purchase price of $24.2. The Company accounted for the transaction as a business combination for accounting purposes. For federal income tax purposes, the Company made a Section 338(h)(10) election that will result in certain tax benefits in the future. The PSC business, which is based in Richfield, Wisconsin, manufactures high quality, standard and custom disc couplings for a variety of industrial applications that demand a high level of reliability and performance. This acquisition further expands our mechanical power transmission product portfolio with disc couplings, broadens our geographic and customer reach and strengthens our overall market presence.
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The preliminary purchase price allocation is as follows: $1.9 of accounts receivable, $3.5 of inventory, $0.6 of fixed assets, $0.6 of operating lease assets, $11.3 of intangible assets, $0.3 of accounts payable, $0.6 of operating lease liabilities and $0.1 of accrued expenses. Goodwill of $7.3 resulting from the purchase price allocation is not deductible for tax purposes and is subject to change pending a final valuation of the assets and liabilities. The PSC business is included in the Industrial segment.
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The goodwill associated with this acquisition is the result of expected synergies from combining operations of the acquired business with the Company’s operations and intangible assets that do not qualify for separate recognition, such as an assembled workforce.
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The fair value of the identifiable intangible assets of $11.3 was determined using the income approach and consists primarily of customer relationships, funded backlog, and a trade name. Specifically, a multi-period, excess earnings method was utilized for the customer relationships and funded backlog, and the relief-from-royalty method was utilized for the trade name. The fair value of these intangible assets is being amortized on a straight-line basis between 2 and 11 years.
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Item 6
104 Cover Page Interactive Data File, formatted in iXBRL and contained in Exhibit 101.
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The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Oct 30, 2026 against Item 1A of the 10-K filed May 15, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:There have been no material changes to our risk factors and uncertainties since the filing of our Annual Report with the SEC on May 15, 2026. For a discussion of the risk factors, refer to Part I, Item 2, “Cautionary Statement as to Forward-Looking Information” contained in this quarterly report and Part I, Item 1A, “Risk Factors,” contained in our Annual Report.
Read in the 10-Q
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
Phrases used for the first time
Two-word phrases in Risk Factors of the 10-K filed May 15, 2026 that are in none of the 1 earlier 10-Ks stored, back to May 16, 2025
Where each one is used
- bank debt: Increases in interest rates would increase the cost of servicing our bank debt and could reduce our profitability.
Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.
What was taken out
2 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Sources
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
Also
10-K change: what was reworded or cut, section by section.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/RBC/export.csv") into a cell.