RBC BEARINGS INCORPORATED

(ROLL)
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Delayed Nasdaq  -  03:49 2022-08-17 pm EDT
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RBC Bearings Receives Boeing 2022 Supplier of the Year Award

06/27/2022 | 10:25am EDT

OXFORD, Conn. - RBC Bearings Incorporated (Nasdaq: ROLL, ROLLP), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, announced it has received recognition from The Boeing Company (NYSE: BA) as one of its top suppliers at the company's 2022 Supplier of the Year event in Los Angeles.

'The entire RBC Bearings organization is very proud of the Supplier of the Year Award from Boeing. We value our long-standing partnership with Boeing, and we are grateful for the recognition,' said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. 'This award is a testimony to RBC Bearings' leading manufacturing capabilities and our customer focus. We continue to remain committed to helping support Boeing and all our valued customers by using our resources to develop products that best address customer needs and help them accomplish their goals.'

Nine suppliers were recognized for proactively managing supply chain quality, readiness and health, and delivering on Boeing's commitment to advance global sustainability.

'Each of these winners had an impressive year as our entire industry collaborated to drive stability through a challenging environment,' said William Ampofo, Vice President of Parts & Distribution Services and Supply Chain for Boeing Global Services and chair of Boeing's Supply Chain Operations Council. 'They did an outstanding job maintaining our high standards - a focus on operational excellence, quality and reliability - that allow us to continue to earn the trust of our stakeholders, customers and the flying public.'

Award categories are: Supplier Diversity, Outstanding Performance, Alliance, Pathfinder, Supply Chain Visibility, Collaboration, Sustainability, Risk Management and Support & Services.

About RBC Bearings

RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products and components requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace, and defense markets. The Company is headquartered in Oxford, Connecticut.

About Boeing

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity. Learn more at www.boeing.com.

Contact:

RBC Bearings

Robert M. Sullivan

T: 203-267-5014

E: rsullivan@rbcbearings.com

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
RBC BEARINGS INCORPORATED -0.81% 258.79 Delayed Quote.28.86%
THE BOEING COMPANY -2.89% 167.11 Delayed Quote.-14.52%
All news about RBC BEARINGS INCORPORATED
08/15RBC BEARINGS INC : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
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08/11INSIDER SELL : Rbc Bearings
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Financials (USD)
Sales 2023 1 462 M - -
Net income 2023 172 M - -
Net Debt 2023 1 313 M - -
P/E ratio 2023 43,8x
Yield 2023 -
Capitalization 7 470 M 7 470 M -
EV / Sales 2023 6,01x
EV / Sales 2024 5,34x
Nbr of Employees 4 892
Free-Float 95,0%
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Number of Analysts 8
Last Close Price 260,25 $
Average target price 239,83 $
Spread / Average Target -7,85%
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Managers and Directors
Michael J. Hartnett Chairman, President & Chief Executive Officer
Robert M. Sullivan VP, Chief Financial & Accounting Officer
Daniel A. Bergeron Chief Operating Officer, Director & Vice President
Richard R. Crowell Independent Director
Edward D. Stewart Independent Director