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Aftermarket supplier Coast Distribution System Inc. has been recognized as one of Fortune Small Business (FSB) Magazine’s fastest growing companies.
According to a press release, FSB ranked the Morgan City, Calif., firm 18th in a list of the nation’s 100 fastest growing small public companies.
Coast also ranked No. 3 on the list in terms of stock performance, for achieving an annualized return of 142.5% for the three years ended Dec. 31, 2004.
“We are pleased to be ranked among the top 20 fastest-growing small public companies on the FSB 100,” stated Thomas R. McGuire, chairman and CEO of Coast. “During the last three years, our stock performance has mirrored our operational performance, as we increased our top and bottom lines through operational improvements, market share growth and new sourced, propriety products.”
This year’s FSB 100 was featured in the July/August 2005 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, and ranked them based on the past three years’ earnings growth, revenue growth and stock performance.