Loading
Two companies, one in Tampa and another in Sarasota, made Fortune magazine's list of the 100 fastest-growing publicly traded companies.
Tampa-based HCI, a property and casualty insurance firm, is No. 13 on the list and Sarasota-based Sun Hydraulics is No. 45. The only other company from Florida on the list is Lake Mary-based Faro Technologies, a 3D measurement technology firm outside Orlando.
The magazine, which will publish the list in its Sept. 23 issue, compiles the rankings from a three-year average of a firm's revenue growth rate, earnings per share growth rate and annualized total return. The overall rank is based on the sum of the three ranks.
HCI, according to Fortune, had a three-year average revenue growth rate of 43%; a three-year profit growth of 67%; and a three-year total return of 84%. The magazine says one factor in the results is HCI customers have filed fewer and less severe claims, which helps the company keeps costs down. HCI had $163 million in revenues in 2012.
Sun Hydraulics, meanwhile, had a three-year average revenue growth rate of 27%; a three-year profit growth of 106%; and a three-year total return of 30%, according to Fortune. The firm, which manufactures and sells screw-in cartridges and valves used in hydraulic systems, had $204.3 million in revenues in 2012.
Companies on the list could be based anywhere in the world, but must trade on a major U.S. stock exchange to qualify for the rankings. Companies must also report data in U.S. dollars; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 as of June 28; and have been trading continuously since June 30, 2010. View the full list.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
