Liquidity Services Moves Up to #35 Ranking on Forbes List of America's 100 Best Small Publicly Traded Companies
WASHINGTON--(BUSINESS WIRE)-- Liquidity Services, Inc. (LQDT) has been named as one of Americas 100 Best Small Companies ranked by Forbes Magazine for the fifth consecutive year. As the leading online marketplace for surplus goods, Liquidity Services ranked #35 on this years list as a result of its continued strong performance, up from its #86 ranking in 2011.
Liquidity Services continues to transform the large, fragmented reverse supply chain market by developing a trusted and innovative solution used by millions of buyers and the world's largest enterprises in every segment of the global economy, said Bill Angrick, Chairman and CEO of Liquidity Services. This acknowledgement is a tribute to the talent and dedication of our entire team in developing a sustainable growth business that is the market leader.
The Forbes list highlights public companies with sales under $1 billion, which are ranked based on return on equity, sales growth, and earnings growth over the past year and the past five years. Company stock performance compared to each companys peer group during the last 12 months was also considered in the rankings. Liquidity Services, which provides leading corporations, public sector agencies, and buying customers the world's most transparent, innovative, and effective online marketplaces and integrated services for surplus assets, has achieved compound annual growth rates of 31% in marketplace Gross Merchandise Volume (GMV) and 40% in Adjusted EBITDA from 2002 through 2011.
About Liquidity Services, Inc.
Liquidity Services, Inc. provides leading corporations, public sector agencies and buying customers the world's most transparent, innovative, and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of over $3.0 billion of surplus, returned and end-of-life assets, in over 500 product categories, including consumer goods, capital assets and industrial equipment. The company is based in Washington, D.C. and has over 1,100 employees. Additional information can be found at: http://www.liquidityservicesinc.com.
Liquidity Services, Inc.
Sultana F. Ali, APR
Source: Liquidity Services, Inc.Copyright Business Wire 2012