Press release from Business Wire
Liquidity Services Lands on Forbes List of America's 100 Best Small Publicly Traded Companies for Sixth Consecutive Year
Tuesday, October 22, 2013
Liquidity Services Lands on Forbes List of America's 100 Best Small Publicly Traded Companies for Sixth Consecutive Year08:30 EDT Tuesday, October 22, 2013
WASHINGTON (Business Wire) -- Liquidity Services, Inc. has been named one of America's 100 Best Small Companies by Forbes Magazine for the sixth consecutive year. The Forbes list highlights public companies with sales under $1 billion and ranks them based on return on equity, sales growth, and earnings growth over the past year and past five years. Liquidity Services, operator of leading online marketplaces for surplus goods used by more than 6,000 organizations including Fortune 1000 retailers, manufacturers and government agencies, ranked #80.
“Liquidity Services provides the technology, services, data and award-winning e-commerce marketplaces to help our clients capture strategic value in the $150 billion reverse supply chain market. Today our solution is trusted and used by the world's most recognizable institutions and over 2.4 million buyers worldwide,” said Bill Angrick, Chairman and CEO of Liquidity Services. “To be included in this ranking for a sixth consecutive year, amongst the fastest growing companies in America, is a testament to our talented team's dedication to providing best-in-class and innovative services, which has resulted in continued year-over-year growth.”
To earn a spot on the Forbes 100 Best Small Companies candidates must have been publically traded for at least a year, generate annual revenue between $5 million and $1 billion and boast a stock price no lower than $5 a share. Company stock performance compared to each company's peer group during the last 12 months was also considered in the rankings. Liquidity Services has achieved five year average growth rates of 17% revenue growth, 29% earnings per share growth, and a 14% return on equity.
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 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