Multi-Color makes Forbes’ list again
Multi-Color Corp., Sharonville, OH, USA, has been listed on Forbes Magazine’s 200 Best Small Companies for the second year in a row. Multi-Color moved up 25 spots to rank 61st within the group.
Forbes judged candidates with revenues between $5 million and $750 million and share prices above $5 as of October 1, 2008 – according to return on equity, as well as sustained sales and net profit growth over 12-month and five-year periods. Multi-Color’s financial performance includes a 5-year annual revenue growth of 16 percent, and earnings per share growth of 15 percent, giving investors an overall five-year annual return of 19 percent.
“Being selected for the Forbes list of Best Small Companies once again is truly an exciting achievement for us,” says Frank Gerace, president and CEO of Multi-Color Corporation. “It solidly reflects the hard work and commitment of all Multi-Color associates who have brought high value products and service to our customers – and high return to our shareholders in the process.”
“We have recorded our tenth consecutive year of increased sales and operating income, and our fourth consecutive year of rewarding shareholders with a quarterly dividend,” he adds.
Multi-Color is the world’s largest producer of in-mold labels and one of the largest producers of pressure sensitive and heat transfer labels and a major manufacturer of high-quality wet glue labels and shrink sleeves. The company has 14 manufacturing locations worldwide: eight in the US, five in Australia and one in South Africa.