Key Developments: RBC Bearings Inc (ROLL.OQ)
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Latest Key Developments (Source: Significant Developments)
RBC Bearings Inc Issues Q1 2014 Revenue Guidance In Line With Analysts' Estimates-Conference Call
RBC Bearings Inc announced that it expect the first quarter of 2014 net sales to be in the neighborhood, a very similar quarter to the one the Company just demonstrated, perhaps just a little bit better on the revenue side. The Company reported revenue of $103.01 million in the fourth quarter of 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $110.70 million for the first quarter of 2014 . Full Article
RBC Bearings Inc Completes Acquisition Of Western Precision Aero LLC
RBC Bearings Inc announced that it has acquired Western Precision Aero LLC (WPA) for approximately $2.6 million. WPA located in Garden Grove, California, is a manufacturer of precision components and gears for the aerospace and industrial markets. WPA`s net sales for the last calendar year were approximately $5.0 million. Full Article
RBC Bearings Inc Issues Q4 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
RBC Bearings Inc announced that for fourth quarter of 2013, it expects revenue to be in the range of $100 million to $105 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $110 million for fourth quarter of 2013. Full Article
RBC Bearings Inc Announces $50 Million Share Repurchase Program
RBC Bearings Inc (ROLL) announced that it 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. Full Article
RBC Bearings Inc Issues Q3 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
RBC Bearings Inc announced that it expects the third quarter of 2013 net sales to be in the high $90 million range, but lower than what achieved in the second quarter as a result of vacation periods and the holiday season. The Company reported revenues of $100.38 million in the second quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $101 million for third quarter of 2013. Full Article
RBC Bearings Inc Issues Q2 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
RBC Bearings Inc announced that for second quarter of 2012, it expects net sales to be north of the $100 million, but lower than what we have achieved in the first quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $109 million for second quarter of 2012. Full Article

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