Fortune announced this week that Coinstar Inc. has been ranked #61 on the 2010 "100 Fastest-Growing Companies" list.
"Coinstar is committed to innovation in the automated retail space, and we're excited to see our growth recognized by Fortune," said Paul Davis, Coinstar CEO. "With approximately 23,000 kiosk locations and a 25 percent rental market share, redbox is a leader in the DVD rental market. Our coin-counting business is also strong as we process about $3 billion in consumer coin annually. With two leading brands and expertise in self-service, we will continue to innovate and drive growth through our automated retail strategy."
To qualify for 100 Fastest-Growing Companies, foreign or domestic companies had to meet the following criteria: be trading on a major U.S. stock exchange; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2010; and have been trading continuously since June 30, 2007. The company must also have revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2010. Finally, the company must 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, 2010.
