Forbes Magazine has recognized Multi-Color Corporation (NASDAQ:LABL) as one of the United States’ best small companies. In its October 31 issue, Forbes ranked Multi-Color 41st in its listing of the “200 Best Small Companies in America.” It is the second time in three years that Multi-Color has been listed.
“Being included on the Forbes list is quite an achievement,” said Frank Gerace, president and CEO of Multi-Color, which is based in Cincinnati, OH. “It reflects the hard work and dedication of everyone at Multi-Color. I want to thank all of our associates for their help in making our company one of the best small companies in America.”
The Forbes list spotlights companies that deliver strong, consistent, and profitable growth. According to the magazine, the companies listed performed well when measured over the last 12 months and the past five years.
In addition to being ranked 41st overall, Multi-Color was ranked 32nd for five-year average return on equity. Forbes ranked Multi-Color’s board of directors in the top 1 percent nationally for corporate governance. The list features companies with revenue of between $5 million and $750 million. To be included, each company listed must have a net profit margin greater than 5 percent and share prices above $5 as of September 29.
Multi-Color recently won 16 awards in the 2005 TLMI Label Awards competition, sponsored by the Tag & Label Manufacturers Institute. No other company in the organization’s history has one so many in one year.