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K-Tron In the News K-Tron Makes Forbes 200 List for Third Year Running
Deloitte Names K-Tron to the 2009 Greater Philadelphia Fast 50 Companies
K-Tron CFO Robert Wisniewski accepted the award at a ceremony held October 22, 2009 at the University City Science Center in Philadelphia. K-Tron’s growth rate for the five-year period was listed at 116 percent. Overall, award winners for 2009 had five-year growth rates ranging from 80 percent to 4,984 percent. "The growth rate achieved by these winning companies is truly impressive given the economic environment and the recession during the past 21 months," Tara L. Weiner, Deloitte’s managing partner, Greater Philadelphia region, said. To be elegible for the award, companies must have been in business a minimum of five years and be headquartered within Greater Philadelphia (Pennsylvania east of Harrisburg, New Jersey south of Princeton, and Delaware). Subsidiaries or divisions are not eligible unless they have some public ownership and are separately traded. Fiscal year 2004 operating revenues must be at least $50,000 and fiscal year 2008 operating revenues must be at least $5,000,000. Companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. The full list of ranked companies as well as additional detail on the 2009 Greater Philadelphia Fast 50 program can be found at http://www.deloitte.com/us/phillyfast50. K-Tron Moves Up to Number 13 on the Forbes List of America's 200 Best Small Companies
In their introduction to this year's list Forbes staff writers Kurt Badenhausen and Christina Settimi wrote:
The list of the 200 best US companies was published in the October 27, 2008 edition of Forbes magazine. K-Tron International Ranks 53rd in the 2008 Fortune 100 Fastest Growing Companies
The list appeared in the September 29, 2008 issue of Fortune and can be seen on the CNNMoney.com website. K-Tron's listing can also be seen online. This is K-Tron's first year on the Fortune list. In its introduction to its "Class of '08," the magazine notes, "No fewer than five of the top ten fastest growers are reinvented industrials with hundred-year histories that stretch back into America's iron age." Pennsylvania Crusher, one of K-Tron's operating companies, celebrated its hundredth year in 2005, and several other K-Tron subsidiaries can point to origins stretching back a century or more, both in the U.S. and Switzerland. Fortune attributes the rise for many of these companies to "the long-running energy and commodities boom." To make the Fortune list, companies had to be among the leaders for three years in revenue and profit growth, using data provided by Zacks Investment Research. All companies on the list are incorporated in the U.S. and had a minimum market capitalization of $250 million as of June 30, 2008. Forbes Lists K-Tron International Number 19 of the 200 Best Small Companies
Starting as a small maker of pneumatic scales in Pitman, NJ, in 1949, K-Tron now has wholly owned operations in the U.S., Switzerland, the U.K., Germany, France, Sweden, Canada, China and Singapore. Long known for its feeder business, the article describes how Cloues, who became chief executive in 1998, took K-Tron into the Size Reduction business with the acquisitions of Pennsylvania Crusher and Gundlach. “Ed is like Warren Buffett—if it isn’t a fat pitch, he won’t swing,” Preston Athey of T. Rowe Price told Forbes reporter Zack O’Malley Greenburg. You can see K-Tron's lisitng here on the Forbes website. K-Tron Listed in BusinessWeek's Top 100
"To identify Hot Growth companies, BusinessWeek sifts through the Standard & Poor's Compustat database of 10,000 public companies for those with revenues of $50 million to $1.5 billion a year. We rank businesses by three-year sales and earnings growth as well as return on capital. Companies must have a market cap of $25 million or more and a stock price of at least 5. Profit or stock price shortfalls, or news that puts prospects in doubt, may knock a company off the list." K-Tron was ranked number 98 on the BusinessWeek "Hot Growth" list. K-Tron International Listed for Third Straight Year on 'FSB 100' List of
For the third year in a row, K-Tron was included in the FORTUNE Small Business magazine's list of the 100 Fastest-Growing Small Companies in America. To compile the list, FORTUNE Small Business asked financial research firm Zacks to screen annual reports of public companies with annual revenue of less than $200 million and a stock price of more than $1.00. Within that group, companies were ranked based on the past three years' earnings growth, revenue growth and stock performance. Real estate firms, banks and adult entertainment firms were excluded from the list. K-Tron was ranked No. 60 on the 2007 list, up from 77 in 2006 and 69 on the 2005 list. In a related article, "Growth Guru," K-Tron Chairman and CEO Ed Cloues was featured for his role in helping to guide K-Tron and two other companies into the 2006 FSB 100 ranks. "A Measure of Success" - Article from the Philadelphia Inquirer
"Ever wonder who measures the amount of raisins and dried apple pieces that go into your breakfast cereal? Or the amount of powder inside that white Lipitor tablet you take every morning for your cholesterol? Or the bisodium carbonate that's mixed into your laundry detergent? Chances are a machine made by K-Tron International Inc. did. There's nothing flashy about this quiet South Jersey workhorse. K-Tron executives don't do conference calls with Wall Street or issue financial forecasts. They don't go to power conferences in New York and Las Vegas to "tell their story." No analysts cover the Pitman company. And as recently as a year ago, the company's shares sometimes didn't trade for consecutive days. K-Tron managers prefer it that way. It keeps them focused on the job: making machines that manufacturers all over the world need. And business is booming...." Article from philly.com is no loneger available online. Trade Press Articles Visit these other K-Tron web pages to see articles from major trade publications around the world: |