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A pair of Pinellas County companies made Fortune magazine's list of the 100 fastest-growing publicly traded firms based on three years of revenues, profits and stock returns.
One company, Seminole-based Superior Uniform, made its debut on the list at No. 24. St. Petersburg-based United Insurance Holdings moved up seven spots, from No. 45 to No. 38. And while not based in the region, two banks with a strong and growing presence along the Gulf Coast, Pompano Beach-based Stonegate Bank and Little Rock-based Bank of the Ozarks, also made the top 100. Others on the list with a presence in the region, at least on people's phones and TVs, include Facebook, No. 3, and Netflix, No. 20.
To qualify for the list, a company must have revenue and net income for the four quarters ended on or before April 30 of at least $50 million and $10 million, respectively.
A company also has to have posted an annualized growth in revenue and earnings per share of at least 15% over the three years ended on or before April 30.
Companies that meet these criteria are ranked by revenue growth rate, earnings per share growth rate and three-year annualized return in shares through June 30. The overall rank is based on the sum of those three ranks.
Superior Uniform, according to the magazine, posted a three-year revenue growth rate of 23%; a three-year earnings per share growth rate of 51%; and a three-year return on shares of 56%. Superior, founded in 1920, trades on the Nasdaq (symbol: SGC, recent price: $19.12). “This provider of uniforms gets its lifeblood from the thriving hospital and health care sector,” states Fortune. “It doubled its revenues in the past three years.”
United Insurance Holdings posted a three-year revenue growth rate of 38%; a three-year earnings per share growth rate of 19%; and a three-year return on shares of 34%, according to Fortune. United trades on the Nasdaq (symbol: UIHC, recent price: $15.36).
“Calm, sunny weather in Florida makes for balmy profits. After the purchase of American Coastal Insurance, United will have $1 billion of premiums in force,” the magazine writes. (The issue was published prior to Hurricane Matthew.)
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