Fortune magazine is out with its ranking of the 100 Fastest-Growing Companies in the world, and a pair from New Jersey made this year’s list.
Fairfield-based Kearny Financial, parent of Kearny Bank, came in at No. 84, up 14 slots from 2019, while Ewing-based lighting tech firm Universal Display finished at No. 96. It did not appear on the 2019 list.
Fortune said the financial sector led the way in 2020, with 24 of the 100 companies in that business, ahead of industrials, with 21 companies, and technology, with 20.
Companies were ranked by a combination of three-year annual revenue growth rate and earnings growth rate, and three-year annualized total return. The top company on the list was AppFolio, a California software company.
Kearny Financial posted revenue growth of 24% and EPS growth of 37%, although its total return was negative-16%. Universal Display posted revenue growth of 19% and EPS growth of 27% alongside total return of 11%.
“We are delighted to be named by Fortune magazine as one of the fastest-growing global companies,” Universal Display CEO and President Steven Abramson said in a prepared statement. “This recognition is a reflection of the hardworking and brilliant global team at UDC.”
For the complete list, click here.
