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Area of Practice: Lifting and material handling equipment, cranes (overhead, terrain, special), elevating platforms, conveyors. Off-road machinery, earth moving equipment, trench walls stability, drilling equipment. Construction equipment, concrete pouring and vibrating, precast concrete, prestressed concrete production, demolition. Steel structures fabrication, transportation, assembling and erecting, scaffolding. |
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Thursday, June 23, 2005
ASV Ranked Number 7 on Fortune Small Business List of America's 100 Fastest-Growing Small Public Companies
ASV, Inc. announced today that it has been ranked seventh on FORTUNE Small Business' list of 100 fastest-growing small public companies in America. The list appears in the July/August issue of FORTUNE Small Business, available on newsstands July 4 and at www.fsb.com.
ASV designs, manufactures and sells rubber-tracked loaders and related accessories, attachments and traction products. Thanks to their patented undercarriage technology, ASV machinery is able to traverse nearly any terrain with minimal damage to the ground, making them effective in industries such as construction, landscaping and agriculture.
ASV had revenues of $160.9 million in 2004, with a three-year annual revenue growth rate of 54 percent. The company reported $17.2 million in net earnings in 2004, with a three-year annual growth rate in earnings per share of 222 percent.
"We are pleased to receive this distinction from Fortune Small Business," said Gary Lemke, ASV chairman and CEO. "It has been an exciting ride since we founded the company back in 1983, and this recognition of the efforts of all our employees and dealers is satisfying."
To compile the list, FORTUNE Small Business asked financial research firm Zacks to screen annual reports for public companies with annual revenue of less than $200 million and a stock price of more than $1. Within that group, companies were ranked based on the past three years' earnings growth, revenue growth, and stock performance. Real estate firms and banks, which had begun to override the list in recent years, were not considered for the list this year.
Press Release
Source: ASV, Inc.
ASV designs, manufactures and sells rubber-tracked loaders and related accessories, attachments and traction products. Thanks to their patented undercarriage technology, ASV machinery is able to traverse nearly any terrain with minimal damage to the ground, making them effective in industries such as construction, landscaping and agriculture.
ASV had revenues of $160.9 million in 2004, with a three-year annual revenue growth rate of 54 percent. The company reported $17.2 million in net earnings in 2004, with a three-year annual growth rate in earnings per share of 222 percent.
"We are pleased to receive this distinction from Fortune Small Business," said Gary Lemke, ASV chairman and CEO. "It has been an exciting ride since we founded the company back in 1983, and this recognition of the efforts of all our employees and dealers is satisfying."
To compile the list, FORTUNE Small Business asked financial research firm Zacks to screen annual reports for public companies with annual revenue of less than $200 million and a stock price of more than $1. Within that group, companies were ranked based on the past three years' earnings growth, revenue growth, and stock performance. Real estate firms and banks, which had begun to override the list in recent years, were not considered for the list this year.
Press Release
Source: ASV, Inc.
