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RBC Bearings to consolidate large bearing facilities, take $5.5M charge in Q4

RBC Bearings Incorporated announced its plans to consolidate and restructure its large bearing manufacturing facilities. In March , the company will discontinue manufacturing large bearings in Houston, Texas and will consolidate the manufacturing into other RBC manufacturing facilities, mainly its South Carolina operation. This consolidation will result in a pre-tax charge of approximately $7.7M and an after-tax charge of approximately $5.5M in Q4.