Labor Ready Named to BusinessWeek's Top 100 Hot Growth Companies for Second Year
June 06 2007 - 8:30AM
Business Wire
Labor Ready Inc. (NYSE:LRW) has been selected by BusinessWeek as
one of the Top 100 Hot Growth Companies for the second year in a
row. BusinessWeek compiled its list � which appears in the June 4,
2007 issue � from all publicly traded companies with annual
revenues of $50 million to $1.5 billion. Companies are ranked
according to their results over the last three years in sales and
earnings growth as well as return on invested capital. "We are
pleased to be recognized by BusinessWeek as a Top 100 Hot Growth
Company," said Labor Ready CEO Steve Cooper. �Providing a
three-year average return on capital of more than 18 percent speaks
to the strength of Labor Ready�s long-term strategy of being the
leading provider of blue-collar staffing. Lower-skilled jobs are
projected to be the fastest-growing opportunities over the next ten
years. Our customers are primarily small businesses, and small
businesses account for half the private domestic product and create
more than 60 percent of the net new jobs each year. We believe we
are well positioned to sustain our growth and continue to provide
great returns for our shareholders." Labor Ready was also named in
December to Forbes Magazine�s Platinum 400 list of America�s Best
Big Companies. The company was also ranked 22nd by Forbes overall
on its Best Managed Companies in America list and second among all
business services companies. About Labor Ready Labor Ready is an
international provider of temporary employees for manual labor,
light industrial and skilled construction trades, operating under
the brand names of Labor Ready, Labour Ready, Workforce, Spartan
Staffing, and CLP Resources. Labor Ready�s customers are primarily
small to mid-sized businesses in the construction, warehousing,
hospitality, landscaping, transportation, light manufacturing,
retail, wholesale, facilities and sanitation industries. Annually,
Labor Ready serves more than 300,000 customers and puts
approximately 600,000 people to work through its more than 900
branch offices in the United States, Canada, and the United
Kingdom. For additional information, visit Labor Ready�s website at
www.laborready.com.
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