Measurement Specialties Makes Fortune's 2013 List of 100 Fastest Growing Companies
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HAMPTON, Va. –Â Measurement Specialties, Inc. (Nasdaq:MEAS), (the "Company"), a global designer and manufacturer of sensors and sensor-based systems, announced today that it has been named to Fortune's list of 100 fastest-growing companies.
The Company was ranked No. 89 based on three-year average growth rates in revenue (20 percent), profit (42 percent) and total share price return (50 percent).
To qualify for the list a company's stock must be traded on a major U.S. stock exchange, have a minimum market capitalization of $250 million and a stock price of at least $5, have revenue and net incomes of at least $50 million and $10 million, respectively, and have posted an annualized growth in revenue and earnings per share of at least 20 percent annually over the three years ended on or before April 30, 2013.
Companies are ranked by revenue growth rate, earnings per share growth rate and three-year annualized total return for the period ended June 28, 2013. The overall rank is based on the sum of the three ranks. Once the 100 companies are identified, they are then re-ranked within the 100 using the three equally weighted variables.
Frank Guidone, Company CEO commented, "Making Fortune's list is great recognition for our progress and success expanding our technology portfolio and global reach within the sensor market, which has allowed us to drive exciting growth in sales and earnings, along with value for shareholders."
About Measurement Specialties:
Measurement Specialties, Inc. (MEAS) designs and manufactures sensors and sensor-based systems to measure precise ranges of physical characteristics such as pressure, temperature, position, force, vibration, humidity and photo optics. MEAS uses multiple advanced technologies - piezo-resistive silicon sensors, application-specific integrated circuits, micro-electromechanical systems ("MEMS"), piezoelectric polymers, foil strain gauges, force balance systems, fluid capacitive devices, linear and rotational variable differential transformers, electromagnetic displacement sensors, hygroscopic capacitive sensors, ultrasonic sensors, optical sensors, negative thermal coefficient ("NTC") ceramic sensors, mechanical resonators and submersible hydrostatic level sensors - to engineer sensors that operate precisely and cost effectively.
Company Contact: Mark Thomson, CFO, (757) 766-4224
