For the second year in a row, lighting and case manufacturer Pelican Products has been identified by Inc. magazine's Inc. 5,000 list as one of America's fastest-growing companies.
The company ranked 3,553 this year, compared to 3,995 in 2008.
The list, published annually, highlights privately held and independent U.S. companies with more than $2 million in revenues that have increased significantly during the most recent three-year period.
"We are extremely honored to be ranked by such a prestigious publication as one of America's fastest-growing companies, especially in these challenging economic times," CEO Lyndon Faulkner said in a statement. "This award is a testament to all our employees who truly make a difference in our business every day and to the quality of the products we make here at Pelican Products."
Despite the recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent.
The Inc. 5000 is ranked according to percentage of revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005 and, therefore, able to show four full calendar years of sales.