The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Tue Aug 30, 2016
The ten finalists for the 2016 Indiana Public Company of the Year have been announced and Thor Industries, Patrick Industries Inc. and Drew Industries Inc. are among them.
The top performer will be unveiled and recognized at an honors banquet Sept. 15 in conjunction with the INVESTIndiana Equity Conference, according to a press release.
A special team examined the 2014-15 performance of Indiana-headquartered public companies traded on the NASDAQ and NYSE exchanges. A set of weighted, quantitative metrics was applied to each company's comparative rankings on returns on assets and equity, revenue growth, market performance and total return.
"These top ten performers are driven by leadership focused on doing what they do best as a company while pursuing appropriate growth opportunities," Says Terry McWilliams, chairman of INVESTIndiana. "This excellence is visible whether these companies are manufacturers, service providers or are involved in other industry sectors providing solutions to clients and customers."
Indiana Company of the Year Top Ten Performers (presented in alphabetical order)
•Angie’s List, Inc. (NASDAQ: ANGI), Indianapolis, is a resource for consumers looking to find the best local service providers in more than 720 categories, like home repair, health care and auto service. More than 3 million members research, hire, rate and review local service providers. 2015 Revenues: $344.1 million.
•Berry Plastics Group, Inc. (NYSE: BERY), Evansville, is a leading global manufacturer and
marketer of value-added plastic consumer packaging and engineered materials. 2015 Revenues: $4.9 billion.
•Drew Industries Incorporated (NYSE: DW), Elkhart. Through a wholly-owned subsidiary, Drew supplies a broad array of components for the leading manufacturers of recreational vehicles and manufactured homes, and to adjacent industries. $1.4 billion.
•First Internet Bancorp (NASDAQ: INBK), Fishers. It is the parent of First Internet Bank, the full-service financial institution opened its virtual doors in 1999 and provide a full range of banking products and services to consumer and commercial customers. $40.9 million.
•KAR Auction Services, Inc. (NYSE: KAR), Carmel. KAR Auction operates worldwide vehicle auction services and provides related services that offer support, technology and logistics for the used vehicle industry. $2.6 billion.
•Kimball International, Inc. (NASDAQ: KBAL), Jasper. Kimball International, Inc. creates design driven, innovative furnishings sold through its Kimball Office, National Office Furniture, and Kimball Hospitality brands, addressing solutions for the workplace, learning, healing, and hospitality environments. $600.8 million.
•Patrick Industries, Inc. (NASDAQ: PATK), Elkhart. Patrick Industries is a major manufacturer of component products and distributor of building products and materials serving the recreational vehicle, manufactured housing and other markets. $920.3 million.
•Simon Property Group, Inc. (NYSE: SPG), Indianapolis. Simon is a global leader in retail real estate ownership, management and development and an S&P100 company. Its industry-leading retail properties in North America, Europe and Asia provide shopping experiences for millions of consumers every day. $5.3 billion.
•Thor Industries (NYSE: THO), Elkhart. Since it went public in 1984, Thor has grown both
organically and through strategic acquisitions. Thor is the sole owner of operating subsidiaries that, combined, represent one of the world’s largest manufacturers of RVs. $4.0 billion.
•Wabash National Corporation (NYSE: WNC), Lafayette. Wabash is a growing, diversified industrial manufacturer and North America’s leading producer of semi-trailers and liquid transportation systems. $2.0 billion.
The awards banquet is being held at the Downtown Marriott Indianapolis. Tickets can be purchased separately for the Public Company of the Year awards at a cost of $49 each (plus service fee). Register and pay at the Eventbrite site (https://best_companies.eventbrite.com). The luncheon ceremony is included for those attending INVESTindiana.