SL INDUSTRIES, INC. (NYSE MKT: SLI); (“SLI” or the “Company”), a leading supplier of engineered power and motion control solutions, announced today that it was named to Forbes annual list of America’s Best Small Companies 2014.
“Small caps present tremendous opportunities for investors with faster growth potential in many cases versus multi-billion dollar conglomerates. Each year Forbes looks to identify up-and-coming companies that have displayed strong, consistent growth in our feature on America’s Best Small Companies,” writes Forbes Senior Editor Kurt Badenhausen. “Our 36th annual list highlights businesses that span the economy from aerospace to homebuilding to retail. Our top 100 includes public companies with sales under $1 billion. They are ranked based on return on equity, sales growth and earnings growth over the latest 12 months, as well as the past five years. We also factored in stock market performance versus each company’s industry peer group during the past year.”
“We are pleased to be recognized by Forbes and to be included in this outstanding group of small companies that are delivering strong financial performance,” said Bill Fejes, SLI’s CEO and President. “Congratulations to all of SLI’s employees worldwide for meeting the needs of our customers while generating solid returns for our shareholders. Their commitment and efforts generated the results that put SLI on this list.”
The Forbes article and full list of Best Small Companies can be found here.
About SL Industries, Inc.
SL Industries, Inc., designs, manufactures and markets power electronics, motion control, power protection, power quality electromagnetic and specialized communication equipment that is used in a variety of medical, commercial and military aerospace, solar, computer, datacom, industrial, telecom, transportation, utility, rail and highway equipment applications. For more information about SL Industries, Inc. and its products, please visit the Company’s web site at www.slindustries.com.
This press release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that reflect SLI’s current expectations and projections about its future results, performance, prospects, and opportunities. SLI has tried to identify these forward-looking statements by using words such as “may,” “should,” “expect,” “hope,” “anticipate,” “believe,” “intend,” “plan,” “estimate,” and similar expressions. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause its actual results, performance, prospects, or opportunities in 2014 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These factors include, without limitation: the effectiveness of the cost reduction initiatives undertaken by the Company, changes in demand for the Company’s products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, difficulties encountered in the integration of acquired businesses and other risks discussed from time to time in the Company’s Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Although SLI believes that the expectations reflected in these forward-looking statements are reasonable and achievable, such statements involve significant risks and uncertainties, and no assurance can be given that the actual results will be consistent with these forward-looking statements. Except as otherwise required by Federal securities laws, SLI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances, or any other reason.
SL Industries, Inc.
Louis J. Belardi
Chief Financial Officer
856-727-1500 x 5525