Hoosier businesses named to ‘Best Small Companies’ list
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
Two Indiana companies are included in Forbes’ ranking of “America’s Best Small Companies” for 2023. The publication ranked companies based on a variety of factors, including earnings growth, sales growth, and return on equity over a 12-month and five-year period.
Forbes used data from FactSet to compile the list, screening more than 1,000 companies with a market value between $300 million and $2 billion. Nearly 550 companies were identified that had positive sales growth over the past 12 months and a share price of at least $5.
Elkhart-based building products manufacturer Patrick Industries Inc. (Nasdaq: PATK) is the highest-ranked Indiana company at No. 30. Lafayette-based Wabash (NYSE: WNC), which manufactures semi trailers and liquid transportation systems, is ranked No. 100.
“This recognition is a testament to how we’ve grown and structured the company to serve customers across product classes from first to final mile,” Wabash CEO Brent Yeagy said in a news release. “Coming off a record year in 2022, we credit our strong financial performance to our refreshed growth strategy and, importantly, commercial execution.”
New York-based SIGA Technologies tops the 2023 list, followed by Vaalco Energy in Texas, Cross Country Healthcare in Florida, Clearfield in Minnesota, and Hudson Technologies in New Jersey.
You can connect to the full list by clicking here.