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RBC Bearings Incorporated Buyback

OLI recorded this information on 2/7/2013

Company: RBC Bearings Incorporated
Buyback: ROLL buyback
$Amount Authorized: $50,000,000
Buyback Details: The Board of Directors of RBC Bearings Incorporated has approved a $50 million share repurchase program of ROLL's common stock, effective immediately. Under the new program, the Company may repurchase shares from time to time on the open market, through block trades, or in privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18. Purchases may be commenced, suspended or discontinued at any time without prior notice. This new program replaces the $10 million existing program which will expire immediately. Under that program, the Company repurchased 250,424 shares at an average price of $37.27 per share.

RBC Bearings is a manufacturer and marketer of engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries. Co.'s two reportable business segments are Industrial and Aerospace/ Defense. Industrial segment's representative applications are mining, energy, construction, wind equipment and material handling; packaging and canning machinery; semiconductor equipment; hydraulics, valves and fasteners; and industrial gears, components and collets. Aerospace/Defense segment's representative applications are airframe control and actuation; missile launchers; aircraft hydraulics; radar and night vision systems; and space applications.
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Company Name:  RBC Bearings Inc
Stock buyback:  ROLL buyback
Website:  www.rbcbearings.com
Sector:  Industrial Machinery & Equipment
 

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March 29, 2024    6:54 AM Eastern
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