Hoosier Businesses Among ‘Fastest-Growing Companies’
(photo courtesy of Patrick Industries)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThree Indiana businesses are included in Fortune magazine’s 2018 list of the 100 Fastest-Growing Companies. The ranking features public companies with market capitalization of at least $250 million.
The list is based on criteria including revenue growth rate, EPS growth rate, and three-year shareholder return. To be included on the list, companies must also have a stock price of at least $5 at the end of June 2018 and have been trading continuously since June 2015.
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) is the highest-ranked Indiana company at number 30. Thor Industries Inc. (NYSE: THO), also based in Elkhart comes in at number 54, followed by Fishers-based First Internet Bancorp at (Nasdaq: INBK) at 88.
"We are honored to be one of Fortune’s 100 Fastest-Growing Companies," said David Becker, chief executive officer of First Internet Bancorp. "This is a testament to our teams’ ability to execute our strategic goals. Achieving such results — 40% loan growth and 50% net income growth between the second quarters 2017 and 2018 — is only possible with deep shared commitment to the success of our customers and our Company."
Florida-based Health Insurance Innovations tops the 2018 list. You can view the full rankings and connect to the methodology by clicking here.