Lumber Liquidators in Toano , Virginia , the largest specialty retailer of hardwood flooring in the U.S., has been recognized by Forbes Magazine as the number one best performing company in the magazine’s list of "America’s 200 Best Small Companies Of 2009." This is the first year that the Company has been included in the annual list.
"We are honored to be named the #1 Best Small Company in America by the prestigious Forbes Magazine," said Jeffrey W. Griffiths, President and Chief Executive Officer. "This achievement represents the hard work and dedication of all of our employees who are the foundation of our success. We look forward to continuing to leverage the Lumber Liquidator’s value proposition to drive growth and gain market share within the hardwood flooring industry."
Forbes’ list of 200 Best Small Companies in America is comprised of companies that have shown both sales and earnings growth. Candidates must have annual revenue between $5 million and $750 million, be publicly traded for at least a year, and have a stock price no lower than $5. Rankings are based on earnings growth, sales growth and return on equity in the past 12 months and over five years. Each company’s stock performance was also compared with those of its peers.
The list is featured in the November 2nd issue of Forbes Magazine
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