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The Coast Distribution System Inc. was ranked 62nd on Fortune Small Business magazine’s list of the top 100 fastest-growing small public companies in the U.S.
Morgan Hill, Calif.-based Coast, one of North America’s largest suppliers of aftermarket replacement parts, accessories and supplies for the recreational vehicle and marine industries, ranked 40th on the FSB 100 for stock performance with a three-year annualized return of 61.4% and 36th for growth in earnings per share with a three-year annualized increase of 62.1%.
This is the second consecutive year Coast was ranked on the FSB 100. Last year Coast was ranked 18th.
“The FSB 100 is good recognition of the progress we have made during the last three years,” stated Thomas R. McGuire, chairman and CEO of Coast. “Our stock performance has been a reflection of our improving operational performance, and we anticipate this will continue as we work to grow our business through the introduction of new products and additional market share.”
This year’s FSB 100 was featured in the July/August 2006 issue of Fortune Small Business. To compile the list, Fortune identified companies with annual revenue of less than $200 million and a stock price of more than $1, ranking them based on the past three years’ earnings growth, revenue growth and stock performance.