The State of Growth 2024 | Must Read 16 Companies Earn New PPAI 100 High Marks For Growth Growth puts revenue numbers into context. After all, a company generating considerable but stable revenues is on a different footing than one whose earnings are lower but rapidly climbing. Furthermore, growth figures can reveal a lot about management’s mindset and strategy, giving valuable insights on what the coming few years will be like at a firm. In the survey used to score the 2024 PPAI 100, a company’s performance from 2020 to 2023 was broken down into two segments: Revenue trends are considered as both a whole number and as a percentage rate of growth or decline. The percentage factor acted as a counterweight to ensure that the largest corporations didn’t dominate the rankings on the basis of their size alone. In a change from the inaugural rankings, the Growth category in this year’s PPAI 100 is based on the 2023 revenue of the overall parent company as it exists now compared to the 2020 revenue of all of the companies that are now part of the parent company. The goal is to reward companies for new revenue brought into the industry. (Business acquired through mergers and acquisitions is already accounted for in the 2023 Revenue category.) These firms didn’t make the 2024 rankings but matched or exceeded the average growth rate of PPAI 100 suppliers and distributors from 2020-2023. New Suppliers Earning High Marks Indigo An Illinois-based supplier specializing in distinctive name-brand products in a plethora of categories, Indigo increased revenue by 50% from 2020-2023. ModernLine Nearly 100 years old, the Pennsylvania-based supplier of calendars, notebooks and other paper products grew in revenue by 27.3% from 2020-2023. wk1003mike / Shutterstock.com PPAI • JULY 2024 • 49
RkJQdWJsaXNoZXIy NzU4OQ==