RBC Bearings Named to Fortune® 100 Fastest-Growing Companies List for 2024 | RBC Stock News

RBC Bearings (NYSE: RBC) has been named to the Fortune® 100 Fastest-Growing Companies list for 2024, ranking 96th. The company, which manufactures precision bearings, components, and essential systems for industrial, defense, and aerospace sectors, has achieved remarkable growth with annual revenue increasing over 700% in the last 20 years, reaching $1.5 billion in fiscal 2024.

Chairman and CEO Dr. Michael J. Hartnett attributes this success to attracting talented employees and maintaining a focus on continuous improvement and product excellence. The company, headquartered in Oxford, Connecticut, specializes in producing highly technical bearing products requiring sophisticated design and manufacturing capabilities.

RBC Bearings (NYSE: RBC) è stata inserita nella lista delle 100 aziende a crescita più rapida di Fortune® per il 2024, classificandosi al 96° posto. L'azienda, che produce cuscinetti di precisione, componenti e sistemi essenziali per i settori industriale, della difesa e dell'aerospazio, ha registrato una crescita notevole con un aumento dei ricavi annuali di oltre il 700% negli ultimi 20 anni, raggiungendo 1,5 miliardi di dollari nell'anno fiscale 2024.

Il presidente e CEO Dr. Michael J. Hartnett attribuisce questo successo all'attrazione di dipendenti talentuosi e al mantenimento di un focus sul miglioramento continuo e sull'eccellenza del prodotto. L'azienda, con sede a Oxford, Connecticut, è specializzata nella produzione di prodotti cuscinetti altamente tecnici che richiedono capacità di progettazione e produzione sofisticate.

RBC Bearings (NYSE: RBC) ha sido nombrada en la lista de las 100 empresas de más rápido crecimiento de Fortune® para 2024, ocupando el puesto 96. La compañía, que fabrica rodamientos de precisión, componentes y sistemas esenciales para los sectores industrial, de defensa y aeroespacial, ha logrado un crecimiento notable con un aumento de más del 700% en los ingresos anuales en los últimos 20 años, alcanzando 1.5 mil millones de dólares en el año fiscal 2024.

El presidente y CEO Dr. Michael J. Hartnett atribuye este éxito a la atracción de empleados talentosos y al mantenimiento de un enfoque en la mejora continua y la excelencia del producto. La compañía, con sede en Oxford, Connecticut, se especializa en la producción de productos de rodamientos altamente técnicos que requieren capacidades de diseño y fabricación sofisticadas.

RBC Bearings (NYSE: RBC)는 2024년 포츈® 100대 가장 빠르게 성장하는 기업 목록에 96위로 선정되었습니다. 정밀 베어링, 구성 요소 및 산업, 방위 및 항공 우주 분야를 위한 필수 시스템을 제조하는 이 회사는 지난 20년간 연간 수익이 700% 이상 증가하며 remarkable 성장률을 기록했으며, 2024 회계 연도에는 15억 달러에达하게 되었습니다.

회장 겸 CEO인 Dr. Michael J. Hartnett는 이 성공을 재능 있는 직원 유치와 지속적인 개선 및 제품 우수성에 대한 집중에 기인한다고 설명했습니다. 코네티컷주 옥스퍼드에 본사를 두고 있는 이 회사는 고도로 기술적인 베어링 제품을 생산하는 데 전문화되어 있으며, 이는 정교한 설계 및 제조 능력을 요구합니다.

RBC Bearings (NYSE: RBC) a été nommée à la liste des 100 entreprises à la croissance la plus rapide de Fortune® pour 2024, se classant au 96ème rang. L'entreprise, qui fabrique des roulements de précision, des composants et des systèmes essentiels pour les secteurs industriel, de défense et aérospatial, a réalisé une croissance remarquable avec un chiffre d'affaires annuel augmentant de plus de 700 % au cours des 20 dernières années, atteignant 1,5 milliard de dollars au cours de l'exercice 2024.

Le président-directeur général Dr. Michael J. Hartnett attribue ce succès à l'attraction de talents et au maintien d'un accent sur l'amélioration continue et l'excellence des produits. L'entreprise, dont le siège est à Oxford, dans le Connecticut, est spécialisée dans la production de produits de roulement hautement techniques nécessitant des capacités de conception et de fabrication sophistiquées.

RBC Bearings (NYSE: RBC) wurde in die Liste der 100 am schnellsten wachsenden Unternehmen von Fortune® für 2024 aufgenommen und belegte den 96. Platz. Das Unternehmen, das Präzisionslager, Komponenten und essentielle Systeme für die Industrien, Verteidigung und Luftfahrt herstellt, hat ein bemerkenswertes Wachstum erzielt und die jährlichen Einnahmen in den letzten 20 Jahren um über 700% gesteigert, was im Geschäftsjahr 2024 1,5 Milliarden US-Dollar ausmacht.

Der Vorsitzende und CEO Dr. Michael J. Hartnett führt diesen Erfolg auf die Gewinnung talentierter Mitarbeiter und die Beibehaltung eines Schwerpunkts auf kontinuierliche Verbesserung und Produktqualität zurück. Das Unternehmen mit Hauptsitz in Oxford, Connecticut, spezialisiert sich auf die Herstellung hochtechnologischer Lagerprodukte, die anspruchsvolle Design- und Fertigungsfähigkeiten erfordern.

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 announced that it has been named to the Fortune® 100 Fastest-Growing Companies list for 2024.

RBC Bearings placed 96th on the list, which ranks companies based on growth in revenue, profits, and stock returns.

“We are honored to be included in Fortune’s prestigious list of the fastest growing publicly traded companies,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. “In the last 20 years, RBC has grown its annual revenue over 700%, reaching over $1.5 billion in fiscal 2024. This was achieved through a combination of attracting and developing the most talented employees coupled with an incessant focus on continuous improvement and being the best in the world at making our products. Using this same formula for success going forward, I see a long runway for continued growth in the future.”

To join our rapidly growing team, view career opportunities at rbcbearings.com/career-opportunities.

To learn more about Fortune’s 2024 100 Fastest-Growing Companies list, visit fortune.com/100-fastest-growing-companies/2024. All registered trademarks are property of their respective owners.

About RBC Bearings

RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems. 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.

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Rob MoffattDirector of Corporate Development & [email protected]

Source: RBC Bearings Incorporated