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RBC Bearings Recognized Among Fortune’s Fastest-Growing Companies for 2024
In a significant achievement, RBC Bearings Incorporated (NYSE: RBC), a prominent manufacturer of precision bearings and components, has secured a spot on the Fortune® 100 Fastest-Growing Companies list for 2024, coming in at 96th place. This recognition highlights the company’s remarkable growth trajectory, as it is evaluated based on its revenue, profit, and stock performance.
The news has been met with pride by company leaders. Dr. Michael J. Hartnett, Chairman and Chief Executive Officer of RBC Bearings, remarked on the honor, stating, “We are honored to be included in Fortune’s prestigious list of the fastest growing publicly traded companies. Over the past two decades, we have achieved over 700% growth in annual revenue, surpassing $1.5 billion in fiscal 2024. This accomplishment is a testament to our commitment to excellence, the talent of our employees, and our relentless pursuit of improvement.” He expressed optimism about the company’s future, envisioning a sustained growth trajectory built on their successful business model.
RBC Bearings specializes in precision engineering for various sectors, particularly in industrial, defense, and aerospace markets, focusing on high-tech and regulated bearing products. The company operates from its headquarters in Oxford, Connecticut.
For those looking to become part of this flourishing organization, RBC Bearings invites individuals to explore career opportunities at rbcbearings.com/career-opportunities.
To further understand the criteria and insights behind the Fortune 2024 list, interested parties can visit fortune.com/100-fastest-growing-companies/2024.
Understanding the Landscape: Forward-Looking Statements
As with any growth narrative, RBC Bearings includes forward-looking statements within its communications. These statements are not merely historical facts but rather projections regarding future performance and strategic objectives. They entail expectations related to revenue, earnings, market growth rates, and potential trends that may influence the company’s operations.
The company acknowledges that actual outcomes could diverge from these projections due to numerous factors, including economic conditions, market dynamics, and internal operational risks. As such, RBC Bearings emphasizes that while they have confidence in their future plans, uncertainties remain that could impact their trajectory.
About RBC Bearings
Founded as a key player in the manufacturing sector, RBC Bearings Incorporated has established itself as an international provider of highly engineered precision components. Its focus on sophisticated design and manufacturing sets it apart in the diverse industrial landscape, particularly within the aerospace and defense industries.
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