Siltworm Inc. Ranks No. 3455 on the 2023 Inc. 5000
With Three-Year Revenue Growth of 144 Percent, Siltworm Inc. Ranks No. 3455 Among America’s Fastest-Growing Private Companies
NEW YORK, August 15, 2023 – Inc. revealed today that Siltworm Inc. ranks No. 3455 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. Additionally, they were ranked No. 39 among the other Indiana based companies included on the list and No. 26 amongst those focused on environmental services. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
Joe Moore, Founder of Siltworm, Inc. said "Siltworm, Inc. making it onto the Inc 5000 list is a true testament to our team's unwavering dedication and belief in our mission. Drawing from my 16 years of construction experience, we set out to revolutionize erosion and sediment control. Our journey from a small venture to a nationwide presence speaks to the strong relationships we've built with our clients, distributors, and industry peers. As we expand, our commitment to exceptional experiences and top-quality products remains steadfast. This recognition fuels our drive to continue pushing forward, solidifying Siltworm Inc's legacy as a symbol of innovation, responsibility, and excellence in erosion control."
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc.magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
“We have weathered the storms that many entrepreneurs with fast-growing companies encounter. While we may not be doing everything perfectly, it gives us confidence that we’re growing the right way in the right places setting us and our entire team up for consistent and sustained success for years to come.”said DJ Moore, CEO of Siltworm, Inc. “This award underscores our belief that a thriving business is built on a foundation of trust, intentional behavior, and a relentless focus on both individual and collective growth. As we continue to lead with purpose, our goal remains clear: to honor God by providing unlimited opportunities and positively impacting the world."
Headquartered in Merrillville, IN, with principal manufacturing facilities located in Elkhart, IN and another division in Indianapolis, IN, Siltworm Inc. distributes its erosion and sediment control solutions nationally through business-to-business channels. At the heart of their product portfolio is their flagship product aptly named Siltworm, a cutting-edge filter sock primarily designed for use on construction and other sites where the earth is being disturbed, along with uses specified in Storm Water Pollution Prevention Plans (SWPPP). Serving as a vital shield against water pollutants, Siltworm boasts an impressive 97%+ sediment retention rate, outshining conventional alternatives. Whether safeguarding new residential, commercial, DOT, utility, or industrial construction projects, Siltworm excels where earth-disturbing activities occur. Distinguished by its innovative proprietary fill, over the past year, Siltworm has diverted over 30 million pounds of recyclable materials from landfills and has intercepted more than 20 million pounds of sediment from waterways. Committed to pioneering environmentally friendly solutions, Siltworm Inc. remains dedicated to creating innovative products for the ongoing protection of our invaluable water resources. To learn more about Siltworm visit www.siltworm.com or connect with us on LinkedIn and/or Facebook.
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More about Inc. and the Inc. 5000
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, slated for October 31 - November 2 in San Antonio, visit http://conference.inc.com/.