RBC Bearings Bundle
Who Owns RBC Bearings?
Understanding a company's ownership is key to grasping its strategic direction and accountability. RBC Bearings Incorporated's journey from private to public ownership began with its IPO on August 10, 2005, significantly altering its investor base.
Tracing the ownership evolution reveals how founders, early investors, and current public and institutional shareholders shape the company's path. The influence of its board and recent ownership shifts are also critical factors.
The company, founded in 1919, is a prominent manufacturer of highly engineered precision bearings and components. As of August 1, 2025, RBC Bearings boasts a market capitalization of $12.6 billion, with 31.6 million shares outstanding. Its diverse customer base spans aerospace, defense, and various industrial sectors, showcasing the broad applicability of its products, including those analyzed within a RBC Bearings BCG Matrix.
Who Founded RBC Bearings?
RBC Bearings Incorporated began its journey in 1919 as Roller Bearing Company of America in Newark, New Jersey. The company's initial focus was on manufacturing a range of bearing products, including tapered roller bearings, spherical bearings, and needle roller bearings, aiming to provide solutions for industrial clients. While specific details about the founders' full names, their backgrounds, and the initial equity distribution are not widely publicized, the core vision was to be a leader in bearing technology.
Founding Year
Established in 1919, the company started as Roller Bearing Company of America.
Initial Location
The company was founded in Newark, New Jersey.
Core Business Focus
The primary objective was the manufacturing of bearing products and providing industrial solutions.
Product Specialization
Early production included tapered roller bearings, spherical bearings, and needle roller bearings.
Technological Ambition
The company aimed to be at the forefront of bearing technology from its inception.
Early Ownership Details
Specifics on early backers, angel investors, or initial ownership disputes are not detailed.
The early years of RBC Bearings were characterized by a commitment to innovation in bearing manufacturing. The company's foundational vision was to address the complex needs of industrial customers through specialized bearing solutions. While the specifics of early investors, friends and family stakes, or any initial ownership disputes are not readily available, the company's trajectory was set towards technological advancement and market leadership in its sector. Understanding the Marketing Strategy of RBC Bearings can offer further insight into its growth and market positioning over time.
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How Has RBC Bearings’s Ownership Changed Over Time?
RBC Bearings Incorporated transitioned to a publicly traded entity on August 10, 2005, with its listing on the NYSE under the ticker symbol RBC. This Initial Public Offering significantly reshaped its ownership landscape, moving from private to public hands.
| Institutional Investor | Percentage Ownership | Number of Shares | Approximate Value (USD) |
|---|---|---|---|
| Vanguard Group Inc. | 9.32% | 2,933,520 | $1.14 billion |
| BlackRock Inc. | 8.38% | 2,636,568 | $1.02 billion |
| Durable Capital Partners LP | 8.36% | 2,631,346 | $1.02 billion |
| Kayne Anderson Rudnick Investment Management LLC | 5.69% | ||
| Price T Rowe Associates Inc | 5.18% | ||
| Wasatch Advisors LP | 4.25% | ||
| T Rowe Price Investment Management Inc | 3.42% | ||
| State Street Corp | 2.93% | ||
| Neuberger Berman Group LLC | 2.80% | ||
| Conestoga Capital Advisors LLC | 2.32% |
As of July 28, 2025, RBC Bearings (NYSE:RBC) has a substantial base of 861 institutional owners and shareholders who have reported their holdings to the SEC. These entities collectively manage 38,806,163 shares, indicating a strong institutional presence. The vast majority, approximately 99.32%, of RBC Bearings' stock is held by these institutional shareholders, with insiders holding 4.52%. Retail investors account for a negligible 0.00% of the ownership.
Key Stakeholders and Financial Performance
The ownership structure of RBC Bearings is dominated by institutional investors, reflecting confidence in the company's market position and growth strategy. The company's financial performance, with net sales reaching $1,636.3 million for the fiscal year ending March 29, 2025, a 4.9% increase year-over-year, further solidifies its appeal to major shareholders.
- The largest individual shareholder is Dr. Michael J. Hartnett, Chairman, President, and CEO, who owns 708,026 shares, representing 2.25% of the company.
- Institutional investors hold nearly all of the company's stock, with Vanguard Group Inc. and BlackRock Inc. being among the top holders.
- The Aerospace/Defense segment saw a significant sales increase of 14.1%, contributing to the overall revenue growth.
- The company's Brief History of RBC Bearings details its evolution and strategic decisions impacting its current corporate structure.
- Understanding RBC Bearings ownership is crucial for investors analyzing its corporate governance and strategic direction.
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Who Sits on RBC Bearings’s Board?
The Board of Directors at RBC Bearings Incorporated is instrumental in guiding the company's strategic direction and ensuring robust corporate governance. The board is committed to diversity, with a formal policy in place since the company's public offering, aiming to incorporate varied perspectives. All directors participated in the 2024 annual meeting, either in person or via teleconference.
| Director Name | Position(s) | Status |
|---|---|---|
| Dr. Michael J. Hartnett | Chairman of the Board, President, and Chief Executive Officer | Executive |
| Daniel A. Bergeron | Director, Vice President, and Chief Operating Officer | Executive |
| Robert M. Sullivan | Vice President and Chief Financial Officer | Executive |
| John J. Feeney | Vice President, General Counsel, and Secretary | Executive |
| Dolores J. Ennico | Director | Independent |
| Richard R. Crowell | Director | Independent |
| Michael H. Ambrose | Director | Independent |
| Edward D. Stewart | Director | Independent |
The voting power within RBC Bearings is primarily tied to its common stock. As of May 10, 2024, there were 29,211,612 shares of Common Stock and 4,600,000 shares of Preferred Stock outstanding. The company's 5.0% Series A preferred stock underwent mandatory conversion to common stock on October 15, 2024. Major institutional investors, including Vanguard Group Inc., BlackRock, Inc., and Durable Capital Partners LP, hold significant portions of the voting power, indicating a substantial influence from these entities on RBC Bearings ownership. The New York Stock Exchange (NYSE) mandates that the board of directors maintain director independence, a key aspect of the company's corporate structure.
Understanding Shareholder Influence
The distribution of voting power significantly shapes corporate decision-making. Large institutional investors often play a pivotal role in the governance of publicly traded companies like RBC Bearings.
- Vanguard Group Inc. is a major shareholder.
- BlackRock, Inc. also holds a substantial stake.
- Durable Capital Partners LP is another key institutional investor.
- The conversion of preferred stock impacts the total common stock count.
- Director independence is a requirement of the NYSE.
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What Recent Changes Have Shaped RBC Bearings’s Ownership Landscape?
Over the past few years, RBC Bearings has seen significant strategic moves, including key acquisitions and robust financial performance. The company's ownership structure remains heavily influenced by institutional investors, reflecting confidence in its growth trajectory and market position.
| Fiscal Year | Net Sales | Net Income Attributable to Common Stockholders | Free Cash Flow |
|---|---|---|---|
| Fiscal 2025 | $1,636.3 million (up 4.9%) | $233.8 million (up 25.0%) | N/A |
| Fiscal 2024 | N/A | $186.9 million | N/A |
| Q1 Fiscal 2026 | N/A | N/A | $104.3 million (up 18.0% from Q1 FY25) |
Recent developments highlight RBC Bearings' commitment to expanding its capabilities and market reach. The acquisition of VACCO Industries in May 2025 for $275 million is a prime example, aimed at bolstering engineering and manufacturing in specialized sectors. This strategic acquisition is projected to contribute between $15 million and $20 million to Q2 fiscal 2026 revenue. The company has a history of strategic acquisitions, completing four in sectors like Aircraft Parts and Sub Component Manufacturers, with an average deal size of $214 million. This approach aligns with their Growth Strategy of RBC Bearings.
Acquisition Strategy
RBC Bearings has actively pursued acquisitions to enhance its market position and capabilities. The company has completed four acquisitions in recent years, focusing on specialized manufacturing sectors.
Financial Performance Highlights
Fiscal 2025 saw a notable increase in net sales and net income, driven by strong performance in the Aerospace/Defense segment. Record free cash flow in Q1 fiscal 2026 is being utilized for debt reduction.
Ownership Landscape
Institutional investors hold a significant majority, approximately 99.32%, of RBC Bearings stock as of 2025. This indicates substantial backing from large financial entities.
Management and Future Outlook
Leadership roles have seen strategic updates to support long-term company vision. The company anticipates continued growth, projecting net sales between $445.0 million and $455.0 million for the second quarter of fiscal 2026.
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