ScanSource, Inc., the parent company of ScanSource Europe, has been named to Forbes Magazines annual Platinum 400 - Best Big Companies list for the fourth time. ScanSource is included in the Technology Hardware and Equipment industry, one of 26 industries highlighted.
Forbes Magazine develops its Platinum 400 list by screening more than 1,000 corporations with $1 billion or more in revenue, a stock price of at least $5 per share and positive equity. They select their list based on such factors as sales and earnings growth, debt to total capital, earnings outlook and stock market returns.
According to Forbes Magazine, to get down to a final list of 400 Platinum companies, they began by assigning companies into 26 industries and ranking them against their industry peers on five-year and 12-month sales and earnings growth, as well as total return to shareholders. The ranking system also included consensus forecasts for long-term earnings growth and debt-to-capital ratios. Using these individual rankings weighted more for some items than others Forbes gave each company a composite ranking score and an overall rank within its industry.
Its always an honour to be recognised for achievement and growth, said Mike Baur, CEO, ScanSource, Inc. This is further evidence of the strength and commitment of our employees, as well as the solid relationships we have with our manufacturer and reseller partners.
ScanSource Europe is a leading pan-European distributor of automatic data collection, EPoS and mobility solutions. We sell only to resellers and add value by providing a variety of services and tools to help them grow their business, making them more efficient, effective and successful. ScanSource Europe customers have access to the industrys leading vendors, one of Europes largest product inventories and the broadest range of value-added services available.
ScanSource Europe is a division of ScanSource Inc. (est. 1992 NASDAQ: SCSC), who distributes these technologies, along with telephony and security equipment, in North America and Latin America.