For the eighth time in 10 years, Field Fastener appears on the Inc. 5000, with three-year revenue growth of 64 percent.
NEW YORK, August 12, 2020 – Inc. magazine today revealed that Field Fastener is No. 4,689 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Field has made the Inc 5000 list in eight (8) of the last ten (10) years, which is unheard of…..In the history of the Inc.5000 list, only 1% of companies have made the list 8 times! The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“Being recognized in 8 of the last 10 years by INC. is an incredible accomplishment for the Field team. It’s a testament to the commitment we have to our customers, and all that we do to ensure we live our mission statement, which is to have “everyone who interacts with us, LOVE us!” We are very proud of our culture and how our team is relentless about helping our customer save money and be more efficient. We are excited about our future and we know that our best days are ahead of us”, says Adam Derry, Chief Customer Officer at Field.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 18.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
More about Field
Field is a global provider of inventory management and complete supply chain solutions for fasteners and other Class “C” items. We are the best in the industry at providing ongoing cost reduction through both technical support services and inventory management systems. Our inventory management programs improve availability, lower inventory, and reduce procurement and other non value added costs. Our engineering team will proactively present your team with cost savings ideas you never knew existed. Field has an impressive growth rate of 20% annually for the past 20 years. Along with this, one of the biggest accomplishments is reaching $100 Million in annual sales in 2019. Field currently serves over 1500 customers worldwide and has over 200 VMI locations throughout North America, Europe, and Asia. To learn more about Field Fastener, please call 815-637-9002 or visit us online.”
CONTACT: Adam Derry (773)-420-8200
More about Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com.