Hoosier Businesses Among 'Fastest-Growing Companies'
Three Indiana businesses are included in Fortune magazine's 2018 list of the 100 Fastest-Growing Companies. The ranking features public companies with market capitalization of at least $250 million.
The list is based on criteria including revenue growth rate, EPS growth rate, and three-year shareholder return. To be included on the list, companies must also have a stock price of at least $5 at the end of June 2018 and have been trading continuously since June 2015.
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) is the highest-ranked Indiana company at number 30. Thor Industries Inc. (NYSE: THO), also based in Elkhart comes in at number 54, followed by Fishers-based First Internet Bancorp at (Nasdaq: INBK) at 88.
"We are honored to be one of Fortune’s 100 Fastest-Growing Companies," said David Becker, chief executive officer of First Internet Bancorp. "This is a testament to our teams’ ability to execute our strategic goals. Achieving such results — 40% loan growth and 50% net income growth between the second quarters 2017 and 2018 — is only possible with deep shared commitment to the success of our customers and our Company."
Florida-based Health Insurance Innovations tops the 2018 list. You can view the full rankings and connect to the methodology by clicking here.