A bearing component can include a metal substrate layer, shaped so as to include a generally annular sidewall having a central axis and defining a first and a second opposite ends in an axial direction; and a radial flange bent so as to extend in a radial direction from one of the first and second ends of the generally annular sidewall, wherein, in a pre-shaped state, the metal substrate layer includes at least two flange segments extending in the axial direction and defining a gap extending toward an opening.