A former Singapore Airlines flight attendant started a food stall in 2017. Now, it's a 31-outlet chain featured in the Michelin Guide.
While most of Singapore slumbered, he cooked spicy sambal and marinated chicken and stocked up his tinystall for a busy day. He squeezed the prep in before his oil and gas job, then ran back after work to serve dinner.
The long hours in front of the stove were a sharp departure from his cushy job as a flight attendant with Singapore Airlines.
Noorman's early alarms and career pivots paid off. Eight years later, he has expanded the first stall into a chain business featured in the Michelin Guide.
Seven years travelling the world, and feeling unfulfilled
Noorman, now 46, has been working in kitchens since he was six.
His father used to run a hawker stall, and he helped out before and after school. After studying a degree in Business Management in Australia, he came back to help his father with the stall, which sold Malay food. After many disagreements on how to run it, he decided he needed a break.
"I just needed to get out," he said. He joined Singapore Airlines as an air steward.
His seven years working as a flight attendant for Singapore Airlines, from 2004 to 2011, were glamorous as he flew to South Africa and Europe. He said he was paid about 5,000 Singapore dollars monthly in the role.
"I thought, this is the life. I'm not going to get married anymore. I'm going to stay single and travel," Noorman said. "For seven years, I forgot about all the things that I learned and aspired to be."
Eventually, a sense of emptiness crept in.
"The job was too easy. Just asking, 'Do you want coffee or tea, chicken or whatever? '" he said. "I didn't need to have done a degree for it."
In 2011, he quit his job at Singapore Airlines and worked a maintenance gig at an oil and gas company in Singapore. Shortly after he quit his job, he met his now wife, who was also a flight attendant at the time.
He stayed there for seven more years, working his way up to a managerial role.
Setting up Nasi Lemak Ayam Taliwang
Still, he wanted to build something of his own. And when Yishun Park Hawker Centre was under construction, right in front of his house, he decided to take the leap.
He got a friend to partner with him, and they each put SG$20,000 of their savings into the stall. He started Nasi Lemak Ayam Taliwang in 2017.
Noorman decided to add a twist to the classic nasi lemak recipe. His wife, who is Indonesian, whipped up a mean ayam taliwang — a spicy grilled chicken dish — so they decided to combine the two.
For the first few months, business was slow. He said he earned less than SG$5,000 monthly, which felt like a huge step back.
"I didn't want to be earning the same amount as I did about 10 years back, and working double the hours," he said.
He ran the stall while working his 9-to-5 job at the oil and gas company, meaning he would come back to the stall after work and feed a hungry dinner crowd until 10 p.m. Then he got up the next morning to prep before work.
"The thought of working almost 18 hours a day, every day, for the next two to three years, that was the most challenging," Noorman said.
The business was also hard hit by the COVID-19 pandemic, which saw Singapore go into a full lockdown.
Then, in 2021, his stall was included in the Michelin Guide.
Sales started picking up, and Noorman scaled up massively.
Now, Nasi Lemak Ayam Taliwang has 31 stores around the island city, including one in the food court in the glitzy Marina Bay Sands mall. He said daily sales for each of his stalls range from SG$800 to SG$4,000.
A spicy dish with tender meat and fragrant rice
When I visited Noorman's first stall in Yishun Park Hawker Centre, I tried the SG$7.60 Nasi Lemak Ayam Taliwang, the most popular item.
Nasi lemak is a rice dish with origins in Malaysia, served with roasted peanuts, an egg, anchovies, a sweet and spicy chili paste called sambal, and cucumber slices.
The staff ladled a generous heap of chili paste onto the grilled chicken. The spice did not overpower the savory marinade.
The meat was tender and fell off the bone. The sambal added sweetness to the dish, and the jammy egg made it rich and creamy.
Jay Sim, a regular who has been buying the stall's SG$6.60 double chicken wings set fortnightly for about five months, said it's one of the best nasi lemak stalls he's tried in Singapore.
Sim, a 21-year-old TikTok streamer, said the chicken was always crispy, and the rice, flavored with pandan leaves, was fragrant.
Hands off the stove, and happier than ever
Now, with a workforce of about a hundred people manning his 31 outlets, Noorman said he has not picked up a ladle in six months.
"If you have the opportunity to sit down, relax, play golf, travel, and still get paid, you will want to do that rather than work in a hawker center for 18 hours," he said.
But it was important to carry on his family's hawker legacy and pass it down to his children.
"It's so tiring, my feet were always sore," he said." But I did it because I want to create this legacy."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New York Post
6 hours ago
- New York Post
Bodegas are the new ‘It' restaurants as dining out costs spiral: ‘It's not just mozzarella sticks anymore'
NYC's corner markets are cornering the market — on haute cuisine. As the cost of dining out in the Big Apple spirals higher, eating well without breaking the bank could be as simple as visiting your nearest bodega. The city's humble bazaars are increasingly perceived as epicurean pioneers — with gourmands and social media influencers clamoring for a bite. The craze comes as the price of eating out in the five boroughs has been said to soar by nearly 30%, according to a 2024 City Comptroller's Office report — with even a sad Midtown desk lunch of salad or fast food often costing a minimum of $15 nowadays. 16 A worker prepares a shrimp and octopus cocktail at La Esquina Del Camarón Mexicano, a Mexican seafood depot at the back of an Indian bodega in Jackson Heights, Queens. Tamara Beckwith/ By contrast, determined diners willing to look past the toilet paper rolls and bricks of Cafe Bustelo can fill their belly at a wave of unlikely grocery gastro-hubs for a fraction of the price — without degrading their palate. 'I go to my bodega every day, and the halal food is better than the food truck next door and cheaper — and they can do it all,' Karissa Dumbacher, an NYC foodfluencer with over 5 million followers across TikTok and Instagram, told The Post. 'I mean, it's not just mozzarella sticks anymore.' Here's the dish on six tasty, cutting-edge supping spots. Java, no jive 16 IndoJava Chef Anastasia Dewi Tjahjadi and owner Elvi Goliat display a bowl of lontong mie. Tamara Beckwith/ There's no menu at IndoJava, a bite-sized bodega in Elmhurst, Queens — but behind the selection of sambals and other Indonesian staples, intrepid diners will find one of the toughest tables in town. Javanese chef Anastasia Dewi Tjahjadi, one of two haute-hash slingers (Thursdays, a chef from Jakarta takes over the stove), recently served just one dish: lontong mie ($15), a fragrant specialty from her hometown of Surabaya. The piquant combo of noodles, bean curd, bean cake wedges, compressed rice cakes, garlic crackers, prawns and clam skewers packed a punch — in a brawny broth infused with pungent shrimp paste and served with weapons-grade chili peppers. 16 Diners can eat at a squat yellow table at the back of the bodega. Tamara Beckwith/ And don't bother asking the chef to turn the heat down. 'I don't want the people to come here and be, like, 'Oh, I'm sorry, I don't like spicy' — because my food … is spicy,' the griddle gourmet proudly told The Post. 'I can't make it not spicy.' Opened back in 2008, IndoJava has become a bona fide sensation. In a viral video, influencer Dumbacher labeled the offerings the closest thing to 'actual authentic Indonesian food in New York City.' IndoJava's food pop-ups are available on Tuesdays from 10 a.m.-8 p.m. and Thursdays from 10 a.m.-3 p.m. while supplies last; daily specials are announced on Instagram. 'We do very traditional, very authentic,' owner Elvi Goliat told The Post. 'We need to make something interesting so they will come every week.' IndoJava, 8512 Queens Blvd., Elmhurst Mart of the deal 16 A variety of Guatemalan specialties are displayed at the Karen Deli. Stefano Giovannini for In Sunset Park, Brooklyn, the tiny Karen Deli has an ace up its sleeve — a speakeasy-like Guatemalan canteen located incongruously at the back, near a Central American mural. The crown jewel drawing in-the-know types is the Pepian De Pollo ($13), a rich, spice-inflected stew studded with pumpkin seeds, best paired with a chuchito ($3), a miniature Guatemalan tamale, and washed down with a regional soda from the cooler. This hearty combo costs a fraction of what you'd pay for one entrée at a sit-down spot in nearby trendy neighborhoods. 16 It is one of many bodegas serving unique dishes. Stefano Giovannini for According to legendary NYC restaurant critic Robert Sietsema, unexpected finds like these show how bodegas are evolving. 'For decades, [the bodega] was a province of Puerto Ricans and Dominicans and African-Americans, hence the term bodega, which is just Spanish for store,' the Village Voice alum told The Post. 'This is indicative of other groups taking over the bodegas, having a much broader selection,' he said. Karen Deli, 6116 5th Ave., Brooklyn Prawn stars 16 A cocktail of shrimp and octopus at La Esquina Del Camaron. Tamara Beckwith/ Jackson Heights, Queens, has always been the Big Apple's multicultural bouillabaisse. Head to Roosevelt Avenue — where diners will find an Indian mini mart in the front and a Mexican seafood restaurant in the back. Dubbed La Esquina Del Camaron Mexicano, the tiny, cash-only sit-down serves shrimp and octopus cocktails with cilantro, avocado and a 'secret' cocktail sauce ($15 for a small portion). 16 Indian bodega La Esquina Del Camaron features a bustling Mexican seafood restaurant. Tamara Beckwith/ 16 Diners can check out a mini mart in the front — and the seafood paradise in the back Tamara Beckwith 16 The Jackson Heights go-to also offers Coctel de Camarones y Pulpo, and fish and tacos. Tamara Beckwith/ It's perhaps one of the few places in town you'd want to tuck into a plate of shellfish while pondering a wall of e-cigarettes and playing your scratch-off tickets. La Esquina Del Camaron Mexicano, 8002 Roosevelt Ave. The hero we deserve 16 The hand-scrawled hero menu frames a kitchen worker at Sunny & Annie's Deli. Tamara Beckwith/ Sunny & Annie's Deli in Manhattan's East Village is much more than a bacon-egg-and-cheese broker, offering a 24-hour smorgasbord of inventive, submarine-sized, Asian-inflected heroes, which the Korean owners list on handscrawled notecards. Wacky fare includes the Obama (grilled chicken and eggplant), the Bernie Sanders (teriyaki chicken and shiitake mushrooms), and other sandwiches whose ingredients appear to be charmingly unrelated to their celeb namesake. Check out the Pho #1 ($10.99 cash, $11.97 using a card), which, like its eponymous soup, features beef, bean sprouts, basil, cilantro, sriracha and a slathering of hoisin. The dining depot is a standby for food critic Sietsema, who described the noshes as 'just plain weird in a good sort of way.' 16 A pho-inspired sandwich from Sunny & Annie's Deli. Tamara Beckwith/ 'There's no place that makes sandwiches that uses the odd combination of semi-healthy ingredients with good bread,' the pro told The Post. 'And people that go in there for the first time, they're dumbstruck by the menu.' Sunny & Annie's Deli, 94 Avenue B Way to plant 16 The Clinton Fruit Market on Ninth Avenue in Manhattan is one of 50 bodegas where customers can find Plantega. Tamara Beckwith/ Bodegas haven't historically been bastions of vegetarian-friendly fare, Plantega is changing that — offering a '100% plant-based menu' that 'reimagines New York's iconic deli sandwiches,' ranging from the steak, egg and cheese burrito to the chopped cheese (both $12). 'In a way, bodegas are the city's original test kitchens,' Plantega Founder and CEO Nil Zacharias told The Post. The concept, launched in 2022, is available at 50 bodegas. It reflects the corner store's legacy for innovation, where a 'Dominican-owned grill meets halal ingredients, or a classic bacon, egg, and cheese gets a twist that reflects the neighborhood,' he said. 'Too often, 'better food' is framed as something exclusive,' he told The Post of grub which is often 'packaged for a certain demographic.' 16 A vegan chopped cheese, courtesy of Plantega. Tamara Beckwith/ 'Instead of asking people to change their habits, we chose to meet them where they already eat,' he added. 'That meant starting with the bodega, one of the most trusted, culturally rooted spaces in New York City.' Plantega features a Chopped Cheese with Beyond Meat, Stockheld cultured cheddar and Fabalish vegan mayo — a combo that's tasty and healthier than oft-dubious deli protein. 'The food is hot, satisfying and made to order, just without the meat sweats or the 3 p.m. crash that makes you question your life choices,' Zacharias quipped. Plantega, various locations Ock-ed and loaded 16 'For years, I [saw] people get the same sandwiches and order all of these things on the side,' said Rahim Mohamed, owner of Red Hook Food Corp. Stephen Yang Probably the only bodega in remote Red Hook, Brooklyn, to have lured celebs like Ed Sheeran and Giants quarterback Eli Manning, Rahim Mohamed's Red Hook Food Corp has become a viral sensation. Better known online as General Ock — derived from Americanized Arabic slang for 'akhi,' meaning 'brother' — the savvy seller has created a cutting-edge meal mecca, amassing over 5.5 million TikTok followers by sharing videos of him whipping up some of NYC's wildest vittles. 16 A sandwich hits the griddle before heading to a hungry customer. Stephen Yang 16 A stuffed sandwich at Red Hook Food Corp. Stephen Yang And no ingredient is too outlandish. Here, chopped cheese sandwiches are piled high with Pop-Tarts, mozzarella sticks, cotton candy, Rice Krispies Treats and more — in a method dubbed the Ocky Way. 'For years, I [saw] people get the same sandwiches and order all of these things on the side. I thought, 'Why can't I mix it all together?'' he told The Post in 2021. Red Hook Food Corp, 603 Clinton St., Brooklyn
Yahoo
9 hours ago
- Yahoo
EV startup Xpeng opens 1st overseas plant in Indonesia
SHANGHAI – Xpeng, a major Chinese electric vehicle startup keen to expand globally, has launched its first overseas assembly plant in Indonesia, the most populous country in Southeast Asia. The first model rolling off the production line at the factory in Purwakarta, West Jawa, is the X9, a seven-seat battery electric multipurpose vehicle, Xpeng said July 24. Switch Auto Insurance and Save Today! The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service The right-hand-drive vehicle, assembled with knocked-down kits imported from China, features a smart cockpit, an intelligent driving system and standard rear-wheel steering. It will be sold in the local market with a starting price of 990 million Indonesian Rupiahs ($60,342), XPeng said. XPeng was incorporated in the south China city of Guangzhou in 2014. In 2023, Volkswagen Group acquired a 4.99 percent stake in the company with a goal to jointly develop intelligent EVs. Xpeng started exporting vehicles to Norway, its first overseas market. As of June 2025, it had shipped vehicles to more than 40 countries outside China. The company's main export markets are Europe and Southeast Asia. Backed by an expanded product mix and fast-growing exports, Xpeng delivered 197,189 vehicles globally in the first half of this year, surging 244 percent from a year earlier, according to numbers it disclosed July 12. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Business Wire
11 hours ago
- Business Wire
RBC Bearings Incorporated Announces Fiscal First Quarter 2026 Results
OXFORD, Conn.--(BUSINESS WIRE)--RBC Bearings Incorporated (NYSE: RBC), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today reported results for the first quarter fiscal 2026. First Quarter Financial Highlights First quarter net sales of $436.0 million increased 7.3% over last year, Aerospace/Defense up 10.4% and Industrial up 5.5%. Gross margin of 44.8% for the first quarter of fiscal 2026 compared to 45.3% last year; Adjusted gross margin of 45.4% compared to 45.3% last year. First quarter net income attributable to common stockholders as a percentage of net sales of 15.7% vs 13.7% last year; Adjusted EBITDA as a percentage of net sales of 32.5% vs 33.0% last year. Free cash flow of $104.3 million vs $88.4 million last year; Free cash flow conversion of 152.3% vs 144.0% last year. Three Month Financial Highlights 'Our first quarter performance was solid with A&D and Industrial segment sales up 10.4% and 5.5%, respectively. Additionally, gross margin performance remained strong during the quarter due to our Industrial segment, highlighting the team's hard work in driving synergies between Dodge and our broader Industrial business, combined with expansion in Aerospace,' said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. First Quarter Results Net sales for the first quarter of fiscal 2026 were $436.0 million, an increase of 7.3% from $406.3 million in the first quarter of fiscal 2025. Net sales for the Industrial segment increased 5.5%, while net sales for the Aerospace/Defense segment increased 10.4%. Gross margin for the first quarter of fiscal 2026 was $195.2 million compared to $184.0 million for the same period last year. SG&A for the first quarter of fiscal 2026 was $73.9 million, an increase of $6.3 million from $67.6 million for the same period last year. As a percentage of net sales, SG&A was 16.9% for the first quarter of fiscal 2026 compared to 16.6% for the same period last year. Other operating expenses for the first quarter of fiscal 2026 totaled $20.2 million compared to $18.9 million for the same period last year. For the first quarter of fiscal 2026, other operating expenses included $17.9 million of amortization of intangible assets, $1.2 million of restructuring costs, $0.1 million of acquisition costs and $1.0 million of other expense items. For the first quarter of fiscal 2025, other operating expenses included $17.8 million of amortization of intangible assets and $1.1 million of other items. Operating income for the first quarter of fiscal 2026 was $101.1 million compared to $97.5 million for the same period last year. On an adjusted basis, operating income was $105.3 million for the first quarter of fiscal 2026 compared to $97.5 million for the same period last year. Refer to the tables below for details on the adjustments made to operating income to arrive at adjusted operating income. Interest expense, net, was $12.2 million for the first quarter of fiscal 2026 compared to $17.2 million for the same period last year. The decrease is primarily due to debt reduction efforts and comparatively lower interest rates. Other non-operating expense was $1.2 million for the first quarter of fiscal 2026 compared to $0.4 million for the same period last year. Income tax expense for the first quarter of fiscal 2026 was $19.2 million compared to $18.5 million for the same period last year. The effective income tax rate for the first quarter of fiscal 2026 was 21.9% compared to 23.1% for the same period last year. Net income for the first quarter of fiscal 2026 was $68.5 million compared to $61.4 million for the same period last year. On an adjusted basis, net income was $89.6 million for the first quarter of fiscal 2026 compared to $80.2 million for the same period last year. Refer to the tables below for details on the adjustments made to net income to arrive at adjusted net income. Net income attributable to common stockholders for the first quarter of fiscal 2026 was $68.5 million compared to $55.7 million for the same period last year. On an adjusted basis, net income attributable to common stockholders for the first quarter of fiscal 2026 was $89.6 million compared to $74.5 million for the same period last year. Diluted EPS attributable to common stockholders for the first quarter of fiscal 2026 was $2.17 compared to $1.90 for the same period last year. On an adjusted basis, diluted EPS attributable to common stockholders was $2.84 for the first quarter of fiscal 2026 compared to $2.54 for the same period last year. Refer to the tables below for details on the adjustments made to EPS attributable to common stockholders to arrive at the adjusted numbers above. Backlog as of June 28, 2025, was $1,017.3 million compared to $940.7 million as of March 29, 2025 and $825.8 million as of June 29, 2024. Outlook for the Second Quarter Fiscal 2026 The Company expects net sales to be approximately $445.0 million to $455.0 million in the second quarter of fiscal 2026, compared to $397.9 million in the prior year, for a growth rate of 11.8% to 14.4%. Gross margin is expected to be in the range of 44.0% to 44.25% and SG&A as a percentage of net sales is expected to be in the range of 17.0% to 17.25%. Live Webcast RBC Bearings Incorporated will host a webcast on Friday, August 1 st, 2025, at 11:00 a.m. ET to discuss the quarterly results. To access the webcast, go to the investor relations portion of the Company's website, and click on the webcast icon. If you do not have access to the Internet and wish to listen to the call, dial 877-407-4019 (international callers dial +1 201-689-8337) and provide conference ID # 13754909. Investors are advised to dial into the call at least ten minutes prior to the call to register. An audio replay of the call will be available from 2:00 p.m. ET on the day of the call and will remain available for two weeks following the call. The replay can be accessed by dialing 877-660-6853 (international callers dial +1 201-612-7415) and providing conference ID # 13754909. Non-GAAP Financial Measures In addition to disclosing results of operations that are determined in accordance with U.S. generally accepted accounting principles (GAAP), this press release also discloses non-GAAP results of operations that exclude certain items. These non-GAAP measures adjust for items that management believes are unusual, as well as other non-cash items including but not limited to depreciation, amortization, and equity-based incentive compensation. Management believes that the presentation of these non-GAAP measures provides useful information to investors regarding the Company's results of operations as these non-GAAP measures allow investors to better evaluate ongoing business performance. Investors should consider non-GAAP measures in addition to, not as a substitute for, financial measures prepared in accordance with GAAP. A reconciliation of the non-GAAP measures disclosed in this press release with the most comparable GAAP measures are included in the financial table attached to this press release. Free Cash Flow Conversion Free cash flow conversion measures our ability to convert operating profits into free cash flow and is calculated as free cash flow (cash provided by operating activities less capital expenditures) divided by net income. Adjusted Gross Margin and Adjusted Operating Income Adjusted gross margin excludes the impact of restructuring costs associated with the closing of a plant or significant adjustments to existing manufacturing processes or product lines. Adjusted operating income excludes acquisition expenses (including the impact of acquisition-related fair value adjustments in connection with purchase), restructuring and other similar charges, and other non-operational, non-cash or non-recurring losses. We believe that adjusted operating income is useful in assessing our financial performance by excluding items that are not indicative of our core operating performance or that may obscure trends useful in evaluating our continuing results of operations. Adjusted Net Income Attributable to Common Stockholders and Adjusted Earnings Per Share Attributable to Common Stockholders Adjusted net income attributable to common stockholders and adjusted earnings per share attributable to common stockholders (calculated on a diluted basis) exclude non-cash expenses for amortization related to acquired intangible assets, stock-based compensation, amortization of deferred finance fees, acquisition expenses (including the impact of acquisition-related fair value adjustments in connection with purchase), restructuring and other similar charges, significant adjustments to existing manufacturing processes or product lines, gains or losses on divestitures, discontinued operations, gains or losses on extinguishment of debt, and other non-operational, non-cash or non-recurring losses, net of their income tax impact. We believe that adjusted net income and adjusted earnings per share are useful in assessing our financial performance by excluding items that are not indicative of our core operating performance or that may obscure trends useful in evaluating our continuing results of operations. Adjusted EBITDA We use the term 'Adjusted EBITDA' to describe net income adjusted for the items summarized in the 'Reconciliation of GAAP to Non-GAAP Financial Measures' table below. Adjusted EBITDA is intended to show our unleveraged, pre-tax operating results and therefore reflects our financial performance based on operational factors, excluding non-operational, non-cash or non-recurring losses or gains. In view of our debt level, Adjusted EBITDA aids our investors in understanding our compliance with our debt covenants. Management and various investors use the ratio of total debt less cash to Adjusted EBITDA, or 'net debt leverage,' as a measure of our financial strength and ability to incur incremental indebtedness when making investment decisions and evaluating us against peers. Lastly, management and various investors use the ratio of the change in Adjusted EBITDA divided by the change in net sales (referred to as 'incremental margin' in the case of an increase in net sales or 'decremental margin' in the case of a decrease in net sales) as an additional measure of our financial performance and some investors utilize it when making investment decisions and evaluating us against peers. Adjusted EBITDA is not a presentation made in accordance with GAAP, and our definition of Adjusted EBITDA may vary from the definition used by others in our industry. Adjusted EBITDA should not be considered as an alternative to net income, income from operations, or any other performance measures derived in accordance with GAAP. Adjusted EBITDA has important limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our results as reported under GAAP. For example, Adjusted EBITDA does not reflect (a) our capital expenditures, future requirements for capital expenditures or contractual commitments; (b) changes in, or cash requirements for, our working capital needs; (c) the significant interest expenses, or the cash requirements necessary to service interest or principal payments, on our debt; (d) tax payments that represent a reduction in cash available to us; (e) any cash requirements for the assets being depreciated and amortized that may have to be replaced in the future; or (f) the impact of earnings or charges resulting from matters that we and the lenders under our credit agreement may not consider indicative of our ongoing operations. In particular, our definition of Adjusted EBITDA adds back certain non-cash, non-operating or non-recurring charges that are deducted in calculating net income, even though these are expenses that may recur or vary greatly, are difficult to predict, and can represent the effect of long-term strategies as opposed to short-term results. In addition, certain of these expenses can represent the reduction of cash that could be used for other corporate purposes. Further, although not included in the calculation of Adjusted EBITDA below, the measure may at times (i) include estimated cost savings and operating synergies related to operational changes ranging from acquisitions to dispositions to restructurings and/or (ii) exclude one-time transition expenditures that we anticipate we will need to incur to realize cost savings before such savings have occurred. 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. Safe Harbor for Forward Looking Statements Certain statements in this press release contain 'forward-looking statements.' All statements other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including the following: the section of this press release entitled 'Outlook'; any projections of earnings, revenue or other financial items relating to the Company, any statement of the plans, strategies and objectives of management for future operations; any statements concerning proposed future growth rates in the markets we serve; any statements of belief; any characterization of and the Company's ability to control contingent liabilities; anticipated trends in the Company's businesses; and any statements of assumptions underlying any of the foregoing. Forward-looking statements may include the words 'may,' 'would,' 'estimate,' 'intend,' 'continue,' 'believe,' 'expect,' 'anticipate,' and other similar words. Although the Company believes that the expectations reflected in any forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties beyond the control of the Company. These risks and uncertainties include, but are not limited to, risks and uncertainties relating to general economic conditions, geopolitical factors, future levels of aerospace/defense and industrial market activity, future financial performance, our use of information technology systems, our disclosure controls and procedures and internal control over financial reporting, our debt level, our level of goodwill, market acceptance of new or enhanced versions of the Company's products, the pricing of raw materials, changes in the competitive environments in which the Company's businesses operate, increases in interest rates, the Company's ability to acquire and integrate complementary businesses, and risks and uncertainties listed or disclosed in our reports filed with the Securities and Exchange Commission, including, without limitation, the risks identified under the heading 'Risk Factors' set forth in the Company's most recent Annual Report on Form 10-K filed with the SEC. The Company does not intend, and undertakes no obligation, to update or alter any forward-looking statements.