Press release from Business Wire
Liquidity Services Named to Fortune List of 100 Fastest Growing Companies
Tuesday, September 03, 2013
Liquidity Services Named to Fortune List of 100 Fastest Growing Companies08:00 EDT Tuesday, September 03, 2013
WASHINGTON (Business Wire) -- Liquidity Services, Inc. (NASDAQ: LQDT), the leading online marketplace for surplus goods, announced that it has been listed in the Fortune 100 Fastest Growing Companies based on historical revenue, earnings growth, and shareholder return performance criteria. Debuting at #48 on the list, Liquidity Services has achieved 29% revenue growth, 64% EPS growth, and a 39% annualized total return over the three-year period ending June 28, 2013.
“We are proud to serve the world's top retailers, manufacturers, and government agencies that leverage our global marketplaces, data, and services to protect their brands and drive innovation in their supply chains,” said Bill Angrick, Chairman and CEO of Liquidity Services. “We remain committed to investing in the expansion of our asset management and marketplace solutions to serve the needs of our clients and appreciate this recognition of Liquidity Services by Fortune Magazine as one of the fastest growing companies in the U.S.”
This is the 15th annual list of 100 Fastest Growing Companies published by Fortune. In order to be included on this prestigious list, a company must be traded on a major U.S. stock exchange and achieve more than $50 million in annual sales while demonstrating fast growth. Companies on the list are ranked by revenue growth rate, EPS growth rate, and three-year annualized total return.
About Liquidity Services, Inc.
Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations, public sector agencies, and buying customers the world's most transparent, innovative, and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of over $4.0 billion of surplus, returned, and end-of-life assets in over 500 product categories, including consumer goods, capital assets, and industrial equipment. The company is based in Washington, D.C. and has approximately 1,400 employees. Additional information can be found at: http://www.liquidityservicesinc.com.
Liquidity Services, Inc.
Sultana F. Ali, APR, 202-467-5723