Fortune List Spotlights RV Rebound

Posted: Updated:
Patrick Industries is one of two Indiana companies on the national list. Patrick Industries is one of two Indiana companies on the national list.
ELKHART -

Two big names in the Indiana RV industry are included on a national list for growth. The Fortune Fastest-Growing ­Companies top 100 class is ranked based on criteria including annual revenue growth and earnings per share over the last three years. Patrick Industries Inc. (Nasdaq: PATK) and Drew Industries Inc. (NYSE: DW), both based in Elkhart, have ridden the RV industry's resurgence and announced several acquisitions.

Indiana Automotive Council Director Matt Conrad says the return of the sector has created work force and training challenges.

Companies included on the Fortune list have a minimum market capitalization of $250 million and a stock price of at least $5 per share on June 30. They're ranked by revenue growth rate, EPS growth rate and three-year annualized total return by the midpoint of the year.

Zacks Investment Research provided data for the rankings.

Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) came in 41st this year, up one spot from the 2015 list. It's total three-year return of 63 percent was seventh among all companies in the top 100. The company has been on a streak of acquisitions in recent years and in a quarterly earnings report last month, announced it had completed the addition of two Hoosier businesses and was in the process with another.

New to the list at number 79 is Elkhart-based Drew Industries Inc. (NYSE: DW). The company is in the top third of total three-year return at 30 percent. Drew Industries has also been on a growth spurt and last month announced a second quarter net income of $37.6 million, up from $20.9 million in the same quarter a year earlier.

You can connect to the 30th edition of the Fortune Fastest-Growing companies list by clicking here.

Indiana Automotive Council Director Matt Conrad says the return of the sector has created challenges for finding and training the work force.
  • Perspectives

    • (photo courtesy of Conexus)

      Getting the Word Out About Manufacturing & Logistics

      As the epicenter of the nation’s advanced manufacturing and logistics industries, Indiana has a compelling story to tell about how Hoosier companies make and move the goods people depend on every day. Our goal is to ensure everyone hears these stories – many of which share a common theme focused on cutting-edge technologies that are transforming the way products are made and moved around the world and the people who use them. Conexus Indiana launched an...

    More

Events



  • Most Popular Stories

    • (photo courtesy of The Times of Northwest Indiana)

      Historic Hospital to be Torn Down in Gary

      A building that once represented the racial divide in the city of Gary, but long provided health care to the African American community, will soon fall to a wrecking ball. The city says it intends to raze the long-abandoned St. John’s Hospital. 

    • Parkview Heart Institute is part of the Parkview Health System

      Most Wired Hospitals in Indiana Ranked

      A national association of healthcare information executives has once again honored Fort Wayne-based Parkview Health for its commitment to using advanced technologies in their clinical and business operations. The College of Healthcare Information Management Executives says Parkview is ranked in the 97th percentile of organizations surveyed for the program, earning a “Most Wired” distinction. 

    • (photo courtesy of The Times of Northwest Indiana)

      Valpo Approves Plan to Level Mansion, Build New Homes

      The property where an aged, Victorian-era, mansion in Valparaiso currently stands will become the site of 15 new homes, described as “upscale.” The Valparaiso Board of Zoning Appeals approved the variances needed for Downtown Valparaiso Partners LLC to proceed with the project, according to our partners at The Times of Northwest Indiana. 

    • The Honda Greensburg plant opened in 2008.

      Honda to Invest $4M, Add Jobs at Greensburg Plant

      The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.  

    • Eleven Fifty was previously headquartered at Launch Fishers.

      Eleven Fifty to Cut Ribbon on New Location

      Eleven Fifty Academy will cut the ribbon on its new downtown location September 23. The nonprofit coding academy says it will host a grand opening ceremony November 6.