Allis-Chalmers Energy Ranked Number Three on Fortune's 100 Fastest-Growing Companies List.HOUSTON -- Allis-Chalmers Energy Inc. (NYSE NYSE See: New York Stock Exchange :ALY ALY Alley ALY Alloy ALY Alexandria, Egypt - Alexandria (Airport Code) ) today announced that it was named to Fortune's 100 Fastest-Growing Companies list for 2008, ranking third among publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . Fortune ranked companies based on their revenue growth rate, their earnings per share growth rate and their three-year annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. total return to investors for the period ended June 30, 2008. Fortune ranked Allis-Chalmers first in revenue growth with a 124% three-year annual growth rate, 15th in earnings per share growth with a 96% three-year annual rate and 28th out of 100 in total return with a 47% three-year annual rate. In the September 29, 2008 issue of Fortune magazine, it states, "No fewer than five of the top ten fast-growers are reinvented industrials with hundred-year histories that stretch back into America's iron age, led by No. 3 Allis-Chalmers, an energy company that began as a foundry in the 19th century and was later famous for its tractors." For the full list of companies you can access the following link: http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2008/ full_list/ (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Micki Hidayatallah, Allis-Chalmers' Chairman and Chief Executive Officer, stated, "We are extremely grateful to our stockholders, customers, employees and vendors for this historic achievement." About Allis-Chalmers Allis-Chalmers Energy Inc. is a Houston-based multi-faceted oilfield services company. We provide services and equipment to oil and natural gas exploration and production companies, domestically primarily in Texas, Louisiana, New Mexico, Colorado, Oklahoma, Mississippi, Wyoming, Arkansas, West Virginia Arkansas (sometimes spelled Arkansaw) is an unincorporated community in Hardy County, West Virginia. It is located on Arkansaw Road (County Route 3/2 off of West Virginia Route 29. , offshore in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , and internationally, primarily in Argentina and Mexico. Allis-Chalmers provides directional drilling services, casing and tubing services, underbalanced drilling, production and workover services with coiled tubing units, rental of drill pipe and blow-out prevention equipment, and international drilling and workover services. For more information, visit our website at http://www.alchenergy.com or request future press releases via email at http://www.b2i.us/irpass.asp?BzID=1233&to=ea&s=0. |
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