For the third year in a row, Lake Success-based company Hain Celestial Group Inc. has cracked Fortune’s list for the 100 fastest growing companies in America.
“Once again Hain Celestial’s growth has merited ranking as one of Fortune’s 100 Fastest Growing Companies, now for the third year in a row. This is a tremendous accomplishment for the company and well-deserved recognition as a Fortune 1000 company,” said Irwin D. Simon, founder, president and chief executive officer of Hain Celestial Irwin D. Simon. “I am grateful to have the opportunity to share this with our supportive employees and shareholders.”
Fortune required a company to have posted an annualized growth in revenue and earnings per share of at least 15 percent annually over the three years ended on or before April 30, 2015 to be qualified for inclusion on this year’s list, according to a methodology explanation on the Fortune website.
Hain Celestial, a leading provider of packaged organic and natural foods and beverages across North America, Europe, and India, had a three-year EPS annual growth rate of 23 percent and a three-year annual revenue growth rate of 26 percent, according to the Fortune list.
Fortune also requires companies to have a yearly revenue of at least $50 million and a yearly net income of at least $10 million, according to the Fortune website.
Hain Celestial had a 2015 revenue of $2.15 billion, an increase from the $2.03 billion in revenue earned in 2014 and the $1.6 billion in revenue earned in 2013, and a 2015 net income of $133 million, an increase from their 2014 net income of $130.1 million and their 2013 net income of $112.1 million, according to the Fortune list.
Hain Celestial appeared at number 97 on this year’s list , down from their 2014 ranking at number 61 and their 2013 ranking of 83,
2015 marks Fortune’s 19th year running of the list, according to the Fortune website.
Other notable companies appearing on the list include Facebook at number 10, Netflix at number 46, and Under Armour at number 62.
Headquartered at 1111 Marcus Ave., Hain Celestial is the provider of popular brands such as Almond Dream, Terra, and Celestial Seasonings.