A designer and producer of a wide range of electromechanical power transmission products was named in Forbes Magazine’s “100 Best Small Public Companies in America”. Altra, headquartered in Braintree, Mass., was one of 27 newcomers to the 2011 list.
The company, listed at #90 overall, had sales of $520 million in 2010 and has over 3,300 employees at manufacturing and sales facilities around the world. Based upon the company’s current guidance, it is forecasted to increase revenues by more than 28% in 2011 versus 2010 and diluted earnings per share growth is anticipated to exceed 50%.
The Forbes list includes companies that have good sales and earnings growth. Candidates must have been publicly traded for at least a year with revenues between $5 million and $1 billion. “Altra made the cut on the strength of their results over the past 12 months,” said Kurt Badenhausen, Forbes Senior Editor. Stock performance versus each company’s peer group was also considered. The list can be viewed at www.forbes.com/best-small-companies.
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