Roadrunner Transportation Systems, Inc., (NYSE: RRTS) a leading asset-light transportation and logistics service provider, announced today that it has been named one of Fortune’s 100 Fastest-Growing Companies. Roadrunner appeared on the list for the first time in 2013, ranking No. 28 overall.
Fortune developed the list by selecting companies based on revenue growth rates, EPS growth rates and three-year annualized return for the period ending June 28, 2013. In Fortune’s listing, Roadrunner ranked No. 1 out of the 100 companies selected in EPS growth.
“To be named one of Fortune’s Fastest-Growing Companies is a tremendous honor and one that underscores the strength of our business model and growth strategies,” said Mark DiBlasi, president and CEO of Roadrunner. “As we look ahead, we see opportunity for substantial organic growth in each of our business segments and a robust pipeline of potential acquisitions that we believe will continue to drive our future growth.”
Qualification CriteriaTo qualify for the 100-Fastest Growing Companies, foreign or domestic companies had to meet the following criteria: be trading on a major U.S. stock exchange; report data in U.S. dollars; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 28, 2013; and have been trading continuously since June 30, 2010. The company must also have revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2013. Finally, the company must have posted an annualized growth in revenue and earnings per share of at least 20% annually over the three years ended on or before April 30, 2013. Companies that meet the above criteria were ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 28, 2013. (To compute the revenue and EPS growth rates, Fortune uses a trailing-four-quarters log linear least square regression fit.) The overall rank was based on the sum of the three ranks. Once the 100 companies were identified, they were then reranked within the 100, using the three equally weighted variables. If there was a tie, the company with the larger four-quarter revenue received the higher rank. To view the full list of Fortune’s Fastest-Growing Companies, visit: http://money.cnn.com/magazines/fortune/fastest-growing/. About Roadrunner Transportation Systems, Inc. Roadrunner is a leading asset-light transportation and logistics service provider offering a full suite of solutions, including customized and expedited less-than-truckload (“LTL”), truckload and logistics (“TL”), transportation management solutions (“TMS”), intermodal solutions, freight consolidation, inventory management, expedited services, international freight forwarding, customs brokerage, and comprehensive global supply chain solutions. For more information, please visit Roadrunner’s website, www.rrts.com. Safe Harbor Statement This release contains forward-looking statements that relate to future events or performance, including statements regarding Roadrunner's performance; Roadrunner's sales and operational initiatives; Roadrunner's initiatives to expand into new geographic regions, build density, improve pricing, and enhance productivity; the impact of Roadrunner's December 2012 stock offering; the impact of Roadrunner's acquisitions; and Roadrunner's expected revenues, diluted income per share available to common stockholders, net income available to common stockholders, and weighted average diluted shares outstanding for the third quarter of 2013. These statements reflect Roadrunner's current expectations, and Roadrunner does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond Roadrunner's control, which could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the integration of acquired companies, competition in the transportation industry, the impact of the current economic environment, Roadrunner's dependence upon purchased power, the unpredictability of and potential fluctuation in the price and availability of fuel, the effects of governmental and environmental regulations, insurance in excess of prior experience levels, and other "Risk Factors" set forth in Roadrunner's most recent SEC filings.