Ceradyne Ranked First By Business 2.0
June 1, 2005
Ceradyne, Inc. was recently ranked first in "Business 2.0's" 100 fastest-growing technology companies in the U.S. Out of 2000 publicly traded technology companies, the list was narrowed to companies that were trading for at least three years, produced at least $50 million in annual revenue, and generated positive cash flow during the most recently reported 12 months. To rank the top 100 companies, Zacks Investment Research of Chicago used four financial criteria: revenue growth, profits and operating cash flow during the past three years, and 12-month stock market return as of March 31, 2005. "We are very pleased with this ranking, because it recognizes the company's longer term financial strength and how the investment markets value consistent growth," said Joel Moskowitz, Ceradyne chief executive officer. "Furthermore, based on rising demand for high-performance materials and growing demand for Ceradyne's diverse line of advanced ceramics products, we expect to see further revenue and profit growth in periods ahead." "Business 2.0," a monthly magazine about business, technology and innovation, is published by the FORTUNE Group at Time Inc., an AOL Time Warner company.
For additional information, visit http://www.ceradyne.com.