Industry supplier Patrick Industries Inc. was named as the 2016 Indiana Public Company of the Year in ceremonies at the INVESTIndiana Equity Conference.
The list of finalists for the distinction also included runnerup Drew Industries Inc. and fourth finalist Thor Industries Inc. All three companies are based in Elkhart, Ind., manufacturing hub for the RV industry.
A set of weighted, quantitative metrics was applied to each company’s comparative rankings on returns on assets and equity, revenue growth, market performance and total return over a two-year period.
Company overviews included in the release showed:
• Patrick Industries generated revenues of $920 million in 2015. It employs 4,800 people and operates more than 60 facilities in 16 states. CFO Josh Boone accepted the Grand Award recognizing the company’s superior performance as measured against other Indiana public companies.
• Drew Industries is an NYSE-traded company. Through a wholly-owned subsidiary, Drew Industries supplies a broad array of components for the leading manufacturers of recreational vehicles and manufactured homes, and to adjacent industries and had 2015 revenues of $1.4 billion.
• Thor Industries is the sole owner of operating subsidiaries that, combined, represent one of the world’s largest manufacturers of RVs. Since it went public in 1984, Thor has grown both organically and through strategic acquisitions. Thor’s 2015 revenues were more than $4 billion.
Other finalists included Indianapolis-based Angie’s List Inc. and Wabash National Corp., based in Lafayette.
Rounding out the Top 10 were: Kimball International Inc., Jasper; KAR Auction Services Inc., Carmel; Simon Property Group Inc., Indianapolis; First Internet Bancorp, Fishers; Berry Plastics Group Inc., Evansville.
Additional information about the Grand Award Winner and Top Ten Performers is available at the Indiana Public Company of the Year home page at http://www.invest-ind.com/topcompanies.html.