Nu Skin Named to IBT 1000 Fastest Growing Companies List
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PROVO, Utah, Jan. 3, 2012 -- Nu Skin Enterprises, Inc. announced today that it has been named one of the world's fastest growing public companies in The International Business Times' 2011 IBT 1000 listing. Additionally, Nu Skin was one of the 10 fastest growing companies ranked in the Household and Personal Products category and the largest company represented in this group.
"This is a wonderful honor and a direct reflection of our outstanding global sales force that is helping Nu Skin reach new heights of success as they focus on selling our proprietary ageLOC anti-aging products and sharing Nu Skin's powerful business opportunity," said Truman Hunt, president and chief executive officer of Nu Skin. "Working together with our global management team, our talented sales leaders have helped Nu Skin reach record revenue levels in each of the past two years - with a third straight year of record revenue projected for 2011."
The 2011 IBT 1000 Fastest Growing Companies list ranks companies using its three-year revenue Compound Annual Growth Rate (CAGR), with each year's revenue calculated on the basis of the Last Twelve Months (LTM). The three-year CAGR of Nu Skin Enterprises is 10.1 percent.
About International Business TimesInternational Business Times is an online global business newspaper, comprising of 18 editions, published in 10 languages. It is among the top three online business newspapers in the world. The publication, sometimes called IBTimes, offers news, analysis and opinions on geo-politics, global economy, markets, large and small cap companies, science and technology, and business life and culture. The company launched its website in 2005 with the vision of serving all the countries in the world with comprehensive business coverage. It is a privately-held company wholly owned by its Board of Directors. Its global headquarters are in the Financial District of New York City.