RBC Bearings Incorporated Announces Share Repurchase Program
RBC Bearings Incorporated ,a leading international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, today announced that its Board of Directors has authorized the repurchase of up to $10,000,000 of the Company's common stock.
This new program replaces the $7,500,000 program that expired on March 31, 2007. Under that program, the Company repurchased 37,356 shares at an average price of $28.07 per share. 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.
Product Model | Inside Diameter | Outside Diameter | Thickness |
GE160DO bearing | 160 | 230 | 105 |
GE16PB bearing | 16 | 32 | 21 |