Success in a fickle market: Utah's top 50 public companies.
Hop a flight to Billings. Keep warm with natural gas. Boost your small business with the Web. Improve your quality of life with healthcare technology. Utahns find themselves in the middle of an entrepreneurial world with successful public companies producing quality products all around them. And for the first time in years, things just might be looking up for those businesses in the glare of the stock market spotlight. * For local and national public companies, 2003 was a transitional year, waylaid in part by high energy prices, says Wells Fargo executive vice president and economist Kelly Matthews. "This time last year we were flirting with an ugly deflation possibility," notes Matthews. Economists found themselves glancing over their shoulders because of declining interest rates that could prove to be a mixed blessing. Yes, if you were peddling homes or automobiles those interest rates brought a smile to your face, but for other segments of the economy, the low interest rates reflected an atmosphere of caution. * But after mid-year, the stock market seemed to turn a corner of sorts. Companies nationwide started seeing improved earnings--but expected job growth didn't follow. "It was an efficiency phenomenon. Companies weren't hiring more," says Matthews, who believes the transition was successfully made, and 2004 is enjoying job growth as well as improved efficiency. But he still tempers his enthusiasm with caution. "We still have a long way to go with additional job gains," he notes and adds that the Wells Forecast showed an overall growth rate for 2003 in the 4 to 4.5 percent range, which should continue through 2004. * Four significant Utah companies, like many other Utah public businesses, continue navigating the stock market minefield, giving insight into their sagas--past, present and future.[ILLUSTRATION OMITTED]
4
SKYWEST, INC.
SkyWest was born in 1972 after Utah lawyer Ralph Atkin bought Dixie Airlines and offered flights for a penny a pound, including stunt artists and parachutists. The first scheduled flight ran from St. George to Salt Lake City and cost a staggering $28; a six-seat Piper Seneca carried 256 people that year.
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By 1975 losses reached $300,000 and owners couldn't even give the company away, so they turned to reorganization and trusted Jerry Atkin to become the youngest scheduled-airline president in the country. "You do what you have to do when you're in that kind of trouble," says Atkin, who remains the company's president and CEO. "Success is born of failure. There's something about living through difficulties and coming out with the resolve that you never want to go through them again."
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These days SkyWest is fortunate to be in the right place at the right time, reaping benefits as most major airlines scale back from jumbo jets and offer more frequent flights on smaller planes. "The food chain moved down to us as the market size went down (after 9/11)," Atkin says. The company has contracted with such major airlines as United, Delta and Continental to offer more flights on smaller planes. SkyWest's average trip length is just 550 miles. The airline also benefits from a good relationship with its employees. It's one of only two non-union airlines in the United States. "We work it out together and do what needs to be done," Atkin says.
The company's contracts with the major airlines also include the price of fuel, so SkyWest doesn't have to worry about rising fuel costs on its end of things.
"We've been able to reduce costs to match the reduced ticket price," Atkin notes, "and major airlines can't seem to do that."
SkyWest recently added 42 planes to its contract with United and is planning an additional support facility in Colorado Springs, which should be running by the end of the summer.
The shift in traffic from major carriers to low-cost airlines and contract airlines is pushing SkyWest to new heights: the company announced operating revenue of $774 million in 2002 and $888 million in 2003. Those smaller 50- to 70-passenger planes are flying high and bringing in money, despite the fact that not all passengers have returned to the air since 9/11, and competition is driving down ticket prices. It also helps that "we have a reasonably open atmosphere and that management and labor are generally on the same page," concludes Atkin.
2
QUESTAR CORPORATION
A happy accident hurled Questar into a new arena in the 1920s when the small company drilled for oil and found natural gas instead. "We undertook what most people thought was a great folly," says CEO Keith Rattie regarding the company's construction of a 200-mile-long natural gas pipeline despite one of the harshest winters on record. The construction was completed in August of 1929.
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The company now enjoys a $4 billion value and is traded publicly on the New York Stock Exchange under STR. The stock is at an all-time high this summer as Questar benefits from environmental concerns that propel demand for natural gas. The company lays claim to the largest natural gas deposit in the lower 48 states and distributes to 760,000 homes and businesses in Utah, Wyoming and Idaho.
The natural gas share of the energy market is growing steadily because it's one of the cleanest burning fuels, says Rattie, who also notes that Utahns enjoy one of the lowest rates in the country for natural gas. The company has three main entities, including Questar Gas, the sales and distribution arm; Questar Market Resources, which takes on exploration and production; and Questar Pipeline, which deals with bulk transportation.
The company's future looks bright, according to Rattie, as it is mining gas from the Pinedale anticline, a 40-mile-long segment of land that produces commercial amounts of natural gas. Fifteen percent of the company's net income is generated by the gas arm, 70 percent from exploration and production and 15 percent from the pipeline. Questar is using an aggressive approach to mitigating the impact on the area's environment by reducing drilling surface disturbance and limiting emissions.
"We got lucky 75 years ago and stayed in this business," notes Rattie, whose company now boasts a total of 2,200 employees, including 1,500 in Utah from Ogden to St. George. "We were in the right place at the right time. Now we're in the center of the action. The Rockies are the place to be."
28
ZEVEX INTERNATIONAL
Three friends hopped on the entrepreneurial train in 1986 with a vision of commercially developing the non-destructive use of ultrasound products, which could detect air or fluid in medical infusion systems. David McNally, current company CEO and president; Phillip McStotts, current CFO; and Dean Constantine, former president and CEO, started the fledgling enterprise in Constantine's basement, building ultrasonic transducers and stretching their limits by making payroll with cash advances on credit cards. A $300,000 contract with the former Morton Thiokol and a reverse merger for $106,000 in 1988 provided the tiny enterprise with much needed capital that wasn't forthcoming from small business loans or other sources.
"We focused on the medical industry because they were more responsive to the market," says McStotts, looking back on the early efforts. The group then added hand pieces for cataract surgery and ambulatory enternal feeding pumps to its repertoire; they continue to believe the company's greatest strength is inventing technology. The invention that makes them most proud is a device that provides a better quality of life for those individuals who need ambulatory feeding pumps. "It's a big deal. They can be normal individuals. They can move," adds McStotts.
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The business' focus splits right down the middle at this point between contract manufacturing and developing proprietary devices in the therapeutics market. The company boasts being the largest independent manufacturer of ultrasonic hand pieces in the world--a small niche, but an important one.
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"We're going to move forward by creating the technology and finding the right marketing partners," says McStotts, who admits the past three years have been a difficult time for the company in the stock market. Both the economy and previous business decisions made the early years of the new millenium a little rocky, but things seem to be turning around in the past six months. The sale of Jtech Medical Industries in December 2003 will allow ZEVEX to refocus its energies on its core competencies and possibly stop the yo-yo effect it has experienced in the marketplace.
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"We're getting our ducks in a row and stabilizing our revenue," says McStotts. Revenue stood at about $26 million in 2003, up from $25 million in 2002. "Things are going better--knock on wood," he adds.
23
IMERGENT, INC.
A little $100,000 company in 1996, iMergent braved the stock market through the rough years when the dot-com bubble burst and emerged on the other side with its first profitable year in 2002--bringing in $2.2 million in profit. Last year they more than doubled that figure with a $5 million profit. Revenues have steadily increased as well, from $37.4 million two years ago to more than double that this year.
The software development and service company reorganized in January 2002 and found success under its new business model. "We provide software for small businesses and entrepreneurs that sets up Websites with shopping carts and Web processors. Then we do seminars and workshops to teach entrepreneurs and small businesses how to use the products," synopsizes Robert Lewis, iMergent's CFO.
"We enable a mom and pop store to sell products on the Internet," he adds. The company has grown by stepping up its distribution channel--there's plenty of demand--and they now have the resources to meet that demand. With 162 Utah employees, iMergent launched internationally this fiscal year. As part of their service arm, they do eight-hour workshops teaching people how to market and drive traffic to their Websites as well as hosting those sites for clients. Imergent is ramping up its customer service department and plans to expand to all English-speaking countries with its workshop services; they are also looking to expand and diversify with products as well as location.
iMergent survived the stock market tumble because "during the downturn, a lot of small businesses started up" and those businesses took advantage of iMergent's services, Lewis says. But despite the profitability of the past two years, and a stock price on the rise, it's still difficult being a public company these days, he notes, mostly because the Sarbanes-Oxley legislation is proving costly. "We'd really like to be private."
Jaclyn Olsen is an associate editor of Utah Business magazine.
RANKING COMPANY PHONE/FAX ADDRESS 1 Zions (801) 524-4787 P 100 S. Main St., Ste. 1380 Bancorporation (801) 524-2646 F Salt Lake City, Utah 84111 2 Questar (801) 324-5555 P 180 East 100 South Corporation (801) 324-5483 F Salt Lake City, Utah 84111 3 Nu Skin (801) 345-6100 P 75 W. Center St. Enterprises (801) 345-5999 F Provo, Utah 84601 Inc. 4 Skywest Inc. (435) 634-3000 P 444 S. River Rd. (435) 634-3305 F St. George, Utah 84790 5 Headwaters, (801) 984-9400 P 11778 S. Election Dr., Ste Inc. 200 (801) 984-9410 F Salt Lake City, Utah 84020 6 Franklin Covey (801) 975-1776 P 2200 Parkway Blvd. Corporation (801) 817-8747 F West Valley City, Utah 84119 7 American Skiing (435) 615-0340 P 136 Heber Avenue #303 Company Fax: NA Park City, Utah 84060 8 Nature's (801) 342-4300 P 75 East 1700 South Sunshine (801) 342-4305 F Provo, Utah 84606 Products Inc. 9 Weider (801) 975-5000 P 2002 South 5070 West Nutrition (801) 975-7687 F Salt Lake City, Utah 84104 International Inc. 10 Overstock.com (801) 947-3100 P 6322 S. 3000 East, Ste. 100 Salt Lake City, Utah 84121 11 USANA Health (801) 954-7100 P 3838 Parkway Blvd. Sciences Inc. (801) 956-9486 F Salt Lake City, Utah 84120 12 1-800 Contacts (801) 924-9800 P 166 E. Wadsworth Park Dr., Inc. (801) 924-9905 F 3rd Fl. Draper, Utah 84020 13 Security (801) 264-1060 P 5300 South 360 West, Ste 250 National (801) 264-8430 F Murray, Utah 84123 Financial 14 Merit Medical (801) 253-1600 P 1600 Merit Pkwy Systems Inc. (801) 253-1688 F South Jordan, Utah 84095 15 Nutraceutical (435) 655-6106 P 1400 Kearns Blvd., 2nd Fl. International (435) 655-6080 F Park City, Utah 84060 16 Altiris (801) 805-2400 P 588 W. 400 South (801) 226-8506 F Lindon, Utah 84042 17 Sonic (801) 365-2800 P 2795 Cottonwood Pkwy, Ste. Innovations, (801) 365-3000 F 600 Inc. Salt Lake City, Utah 84121 18 Evans & (801) 588-1000 P 600 Komas Dr. Sutherland (801) 588-4517 F Salt Lake City, Utah 84108 Computer Corp. 19 The SCO Group (801) 765-4999 P 355 S. 520 W., Suite 100 (801) 765-1313 F Lindon, Utah 84042 20 Star Buffet (801) 463-5500 P 420 Lawndale Dr. Inc. (801) 463-5595 F Salt Lake City, Utah 84115-2917 21 Myriad Genetics (801) 584-3600 P 320 Wakara Way Inc. (801) 584-3640 F Salt Lake City, Utah 84108 22 Buyers United (801) 320-3300 P 14870 Pony Express Rd. na F Bluffdale, Utah 84065 23 iMergent Inc. (801) 227-0004 P 754 E. Technology Avenue Fax: NA Orem, Utah 84097 24 MITY (801) 224-0589 P 1301 West 400 North Enterprises (801) 224-6191 F Orem, Utah 84057 25 Equity Oil Co. (801) 521-3515 P 10 W. 3rd St., Ste. 806 (801) 521-3534 F Salt Lake City, Utah 84101 26 TenFold (801) 495-1010 P 180 W. Election Rd., Ste. Corporation (801) 495-0353 F 100 Draper, Utah 84020 27 Utah Medical (801) 566-1200 P 7043 South 300 West Products Inc. (801) 566-2062 F Midvale, Utah 84047 28 Zevex (801) 264-1001 P 4314 Zevex Park Ln. International (801) 264-1051 F Murray, Utah 84123 Inc. 29 Q Comm (801) 226-4222 P 1135 South 1680 West International (801) 222-9555 F Orem, Utah 84058 30 Sento Corp. (801) 226-3355 P 808 E. Valley Dr. (801) 224-2426 F American Fork, Utah 84003 31 Dynatronics (801) 568-7000 P 7030 Park Centre Dr. Corp. (801) 568-7711 F Salt Lake City, Utah 84121 32 IDI Global (801) 224-4444 P East 800 North. Orem, Utah 84097 33 Whole Living (801) 772-3300 P 629 E. 730 S., Ste. 201 (801) 772-3355 F American Fork, Utah 84003 34 Iomed Inc. (801) 975-1191 P 2441 S. 3850 W. (801) 972-9072 F Salt Lake City, Utah 84120 35 Alpine Air (801) 373-1508 P 1177 Alpine Air Way Express Provo, Utah 84601 36 NPS (801) 583-4939 P 420 Chipeta Way, 1st Fl. Pharmaceuticals (801) 583-4961 F Salt Lake City, Utah 84108 Inc. 37 NACO Industries (435) 753-8020 P 395 West 1400 North (435) 752-7041 F Logan, Utah 84341 38 Park City Group (435) 649-2221 P 333 Main Street Fax: na Park City, Utah 84060 39 Broadcast (801) 972-1311 P 2417 South 3850 West International (801) 972-5251 F Salt Lake City, Utah 84104 40 Specialized (801) 298-3360 P 585 West 500 South Health Products (801) 298-1759 F Bountiful, Utah 84010 International 41 Cimetrix Inc. (801) 256-6500 P 6979 High Tech Dr. (801) 256-6510 F Midvale, Utah 84047 42 English (801) 374-3424 P 3520 N. University Blvd., Language (801) 655-0149 F Ste. 27 Learning Salt Lake City, Utah 84106 43 ARKONA (801) 501-7100 P 10542 S. Jordan Gateway, (801) 501-0701 F Ste. 200 Salt Lake City, Utah 84005 44 Paradigm (801) 977-8970 P 2355 S. 1070 W. Medical (801) 977-8973 F Salt Lake City, Utah 84119 Industries 45 Nevada (801) 984-0228 P 9149 S. Monroe Way, Ste. B Chemicals (801) 984-0231 F Sandy, Utah 84070 46 BSD Medical (801) 972-5555 P 2188 West 2200 South Corporation (801) 972-5930 F Salt Lake City, Utah 84119 47 Fonix (801) 533-6600 P 180 S. Election Road, Ste. Corporation (801) 328-8778 F 210 Salt Lake City, Utah 84020 48 FX Energy Inc. (801) 486-5555 P 3006 Highland Dr., Ste. 206 (801) 486-5575 F Salt Lake City, Utah 84106 49 RecycleNet (801) 531-0404 P 175 E. 400 South Corporation (801) 531-0707 F Salt Lake City, Utah 84111 50 Pacific Web (801) 578-9020 P 180 S. 300 West, Ste. 400 Works (801) 578-9019 F Salt Lake City, Utah 84101 YEAR SENIOR RANKING COMPANY WEB SITE END. OFFICER 1 Zions zionsbank.com 12/31/03 Harris H. Bancorporation Simmons (CEO) 2 Questar questarcorp.com 12/31/03 R. Don Cash Corporation (Chairman & CEO) 3 Nu Skin nuskin.net 12/31/03 Steven J. Lund Enterprises (CEO) Inc. 4 Skywest Inc. skywest.com 12/31/03 Jerry C. Atkin (CEO) 5 Headwaters, hdwtrs.com 9/30/03 Kirk A. Benson Inc. (CEO) 6 Franklin Covey franklincovey.com 8/31/03 Robert A. Corporation Whitman (CEO) 7 American Skiing peaks.com 7/27/03 William Fair Company (COO) 8 Nature's nsponline.com 12/31/03 Daniel P. Sunshine Howells (CEO) Products Inc. 9 Weider weider.com 5/31/04 Bruce Wood Nutrition (CEO) International Inc. 10 Overstock.com overstock.com 12/31/03 Patrick M. Byme (CEO) 11 USANA Health usana.com 1/3/04 Myron W. Wentz Sciences Inc. (President) 12 1-800 Contacts 1800contacts.com 1/3/04 Johathan C. Inc. Coon (CEO) 13 Security securitynational.com 12/31/03 Goorge R. National Quist (CEO) Financial 14 Merit Medical ment.com 12/31/03 Fred P. Systems Inc. Lampropoulos (CEO) 15 Nutraceutical nutraceutical.com 9/30/03 Frank W. Gay International II (CEO) 16 Altiris altins.com 12/31/03 Greg Butterfield (President/ CEO) 17 Sonic sonici.comn 12/31/03 Andrew Innovations, Raguskus (CEO) Inc. 18 Evans & es.com 12/31/03 James R. Oyler Sutherland (CEO) Computer Corp. 19 The SCO Group thescogroup.com 10/31/03 Darryl McBride (CEO) 20 Star Buffet NA 1/26/04 Robert E. Inc. Wheaton (CEO) 21 Myriad Genetics myriad.com 6/30/03 Peter D. Inc. Meldrum (CEO) 22 Buyers United buyersonline.com 12/31/03 Theodore Stern (CEO) 23 iMergent Inc. NA 6/30/03 Donald Danks (CEO) 24 MITY mityinc.com 3/31/04 Gregory L. Enterprises Wilson (President) 25 Equity Oil Co. equity-oil.com 12/31/03 Paul M. Dougan (CEO) 26 TenFold 10fold.com 12/31/03 Nancy M. Hardy Corporation (CEO) 27 Utah Medical utahmed.com 12/31/03 Kevin L. Products Inc. Cornwell (CEO) 28 Zevex zevex.com 12/31/03 David McNally International (CEO) Inc. 29 Q Comm qcornm.com 12/31/03 Paul Hickey International (CEO) 30 Sento Corp. sento.com 3/31/04 Patrick O'Neal (CEO) 31 Dynatronics dynatron.com 6/30/03 Kelvyn H. Corp. Cullimore Jr. (CEO) 32 IDI Global NA 12/31/03 Kevin R. Griffith (CEO) 33 Whole Living thebraingarden.com 12/31/03 Ronald K. Williams (President) 34 Iomed Inc. iomed.com 6/30/03 Robert J. Lollini (President) 35 Alpine Air NA 10/31/03 Gene Mallette Express (CEO) 36 NPS npsp.com 12/31/03 Hunter Pharmaceuticals Jackson, Ph.D. Inc. (CEO) 37 NACO Industries nacoovc.com 11/30/03 W. Michael Hopkins (President) 38 Park City Group parkcitygroup.com 6/30/03 Randall K. Fields (CEO) 39 Broadcast amlaser.com 12/31/03 B. Joyce International Wickham (CEO) 40 Specialized NA 12/31/03 Jeffery Health Products Soinsky (CEO) International 41 Cimetrix Inc. cimetrix.com 12/31/03 Robert H. Reback (President) 42 English NA 12/31/03 Timothy D. Language Otto (CEO) Learning 43 ARKONA arkona.com 3/31/03 Alan Rudd (CEO) 44 Paradigm NA 12/31/03 Thomas F. Medical Motter Industries (President & CEO) 45 Nevada nevadachemicals.com 12/31/03 John T. Day Chemicals (CEO) 46 BSD Medical bsdmc.com 8/31/03 Hyrum Mead Corporation (Chairman/ Director) 47 Fonix fonix.com 12/31/03 Thomas A. Corporation Murdock (CEO) 48 FX Energy Inc. fxenergy.com 12/31/03 David N. Pierce (CEO) 49 RecycleNet recyclenet.com 12/31/03 Paul Roszel Corporation (President) 50 Pacific Web pwebworks.com 12/31/03 Christian Works Larsen TICKER 2002 REVENUE 2003 REVENUE RANKING COMPANY SYMBOL FTE (OOO's) (OOO's) 1 Zions ZION 8,073 1,858,049 1,889,500 Bancorporation 2 Questar STRZ 2,225 1,200,667 1,463,188 Corporation 3 Nu Skin NUS 3,950 964,067 986,457 Enterprises Inc. 4 Skywest Inc. SKYW 5,079 774,447 888,026 5 Headwaters, HDWR 840 119,345 387,630 Inc. 6 Franklin Covey FC 2,081 332,998 307,160 Corporation 7 American Skiing AESK 1400 272,116 264,536 Company 8 Nature's NATR 1,037 298,734 258,208 Sunshine Products Inc. 9 Weider WNI 755 311,070 240,854 Nutrition International Inc. 10 Overstock.com OSTK 91,784 238,945 11 USANA Health USNA 459 133,776 200,013 Sciences Inc. 12 1-800 Contacts CTAC 555 168,580 187,303 Inc. 13 Security SNFCA 328 96,381 145,044 National Financial 14 Merit Medical MMSI 1,098 116,227 135,954 Systems Inc. 15 Nutraceutical NUTR 627 110,888 124,513 International 16 Altiris ATRS 424 62,876 99,399 17 Sonic SNCI 288 68,018 87,690 Innovations, Inc. 18 Evans & ESCC 500 122,578 84,776 Sutherland Computer Corp. 19 The SCO Group SCOX 558 64,241 79,254 20 Star Buffet STRZ 2,200 74,798 68,090 Inc. 21 Myriad Genetics MYGN 491 53,836 64,321 Inc. 22 Buyers United BYRS 140 30,163 63,313 23 iMergent Inc. IMGG 97 37,351 53,225 24 MITY MITY 306 40,210 44,348 Enterprises 25 Equity Oil Co. EQTY 26 24,653 27,825 26 TenFold TENF 73 28,230 27,709 Corporation 27 Utah Medical UTMD 216 27,361 27,137 Products Inc. 28 Zevex ZVXI 154 25,496 25,870 International Inc. 29 Q Comm QMM 24 24,028 25,686 International 30 Sento Corp. SNTO 220 17,496 21,396 31 Dynatronics DYNT 111 16,337 16,897 Corp. 32 IDI Global IDIB 32 12,303 13,329 33 Whole Living WLIV 70 7,842 12,324 34 Iomed Inc. IOX 54 11,760 12,107 35 Alpine Air ALPE 78 12,382 10,290 Express 36 NPS NPSP 183 2,154 9,919 Pharmaceuticals Inc. 37 NACO Industries NCOIP 62 7,825 8,349 38 Park City Group PKCY NA 1,495 5,350 39 Broadcast BCST 13 2,061 4,928 International 40 Specialized SHPI 27 1,631 3,607 Health Products International 41 Cimetrix Inc. CMXX 35 2,975 3,340 42 English ELLG 25 6,606 3,112 Language Learning 43 ARKONA ARKN NA 2,338 3,072 44 Paradigm PMED 39 5,368 3,059 Medical Industries 45 Nevada NCEM 30 3,912 2,960 Chemicals 46 BSD Medical BSDM 23 2,672 2,573 Corporation 47 Fonix FNIX 139 3,065 2,384 Corporation 48 FX Energy Inc. FXEN 28 2,742 2,328 49 RecycleNet GARM 16 1,671 2,259 Corporation 50 Pacific Web PWEB 19 2,573 2,237 Works 2002 NET 2003 NET RANKING COMPANY INCOME INCOME YEAR END 2003 (OOO's) (OOO's) SHARE PRICE BASIC EPS 1 Zions 256,278 337,823 61.34 3.75 Bancorporation 2 Questar 155,596 173,616 35.15 2.10 Corporation 3 Nu Skin 64,843 67,876 17.09 0.86 Enterprises Inc. 4 Skywest Inc. 86,866 66,787 18.07 1.16 5 Headwaters, 24,286 36,631 16.12 1.35 Inc. 6 Franklin Covey (109,266) (53,988) 1.40 (2.69) Corporation 7 American Skiing (173,919) (44,374) 0.11 (2.59) Company 8 Nature's 7,064 5,099 8.42 0.36 Sunshine Products Inc. 9 Weider (7,544) (7,534) 2.35 (0.29) Nutrition International Inc. 10 Overstock.com (11,573) (12,149) 19.87 (0.75) 11 USANA Health 8,503 20,817 29.79 1.09 Sciences Inc. 12 1-800 Contacts (4,004) (1,438) 21.00 (0.11) Inc. 13 Security 3,991 6,596 7.45 1.23 National Financial 14 Merit Medical 11,310 17,295 22.26 0.68 Systems Inc. 15 Nutraceutical (22,937) 12,667 10.37 1.13 International 16 Altiris (13,867) 14,018 36.48 0.62 17 Sonic 32 376 6.45 0.02 Innovations, Inc. 18 Evans & (11,721) (35,988) 4.50 (3.44) Sutherland Computer Corp. 19 The SCO Group (24,877) 5,304 16.90 0.43 20 Star Buffet (1,839) 1,166 5.95 0.40 Inc. 21 Myriad Genetics (13,989) (24,825) 13.49 (0.96) Inc. 22 Buyers United (420) 301 3.05 0.05 23 iMergent Inc. 2,199 5,034 4.30 0.46 24 MITY 4,808 4,753 17.04 1.14 Enterprises 25 Equity Oil Co. 1,001 2,115 3.93 0.18 26 TenFold (1,188) 13,747 3.26 0.34 Corporation 27 Utah Medical 7,165 20,761 26.14 4.59 Products Inc. 28 Zevex 214 (8,278) 3.98 (2.43) International Inc. 29 Q Comm (2,298) (5,694) 6.39 (2.12) International 30 Sento Corp. (2,111) (1,465) 12.35 (0.63) 31 Dynatronics 316 25 0.77 0.00 Corp. 32 IDI Global (316) 301 1.45 0.02 33 Whole Living (2,159) (1,058) 0.60 (0.03) 34 Iomed Inc. (2,362) 785 1.45 0.12 35 Alpine Air 18 (1,419) 1.10 (0.13) Express 36 NPS (86,832) (170,395) 30.68 (4.71) Pharmaceuticals Inc. 37 NACO Industries 328 336 1.10 0.17 38 Park City Group (630) (5,003) 0.03 (0.03) 39 Broadcast (421) (3,935) 0.55 (0.23) International 40 Specialized (5,896) (3,119) 0.95 (0.17) Health Products International 41 Cimetrix Inc. (4,055) (931) 0.26 (0.04) 42 English (2,401) (1,144) 0.43 (0.11) Language Learning 43 ARKONA (5,548) (1,559) 0.17 (0.06) 44 Paradigm (11,155) (3,431) 0.16 (0.14) Medical Industries 45 Nevada 2,128 1,705 5.77 0.25 Chemicals 46 BSD Medical 10 (570) 0.80 (0.03) Corporation 47 Fonix (19,898) (13,543) 0.45 (0.50) Corporation 48 FX Energy Inc. (5,925) (6,275) 5.00 (0.32) 49 RecycleNet 24 (63) 0.05 0 Corporation 50 Pacific Web 927 (73) 0.17 0.04 Works TOTAL DEBT S/H'S EQUITY RANKING COMPANY P/E RATIO (OOO's) (OOO's) 1 Zions 16.36 26,018,215 2,540,023 Bancorporation 2 Questar 16.74 2,047,790 1,261,265 Corporation 3 Nu Skin 19.87 333,499 290,248 Enterprises Inc. 4 Skywest Inc. 15.58 820,147 709,063 5 Headwaters, 11.94 233,118 140,157 Inc. 6 Franklin Covey NA 73,941 185,800 Corporation 7 American Skiing NA 413,901 (237,295) Company 8 Nature's 23.39 48,126 77,342 Sunshine Products Inc. 9 Weider NA 46,396 68,846 Nutrition International Inc. 10 Overstock.com NA 39,840 54,914 11 USANA Health 27.33 20,756 44,371 Sciences Inc. 12 1-800 Contacts NA 31,724 55,207 Inc. 13 Security 6.06 277,734 39,175 National Financial 14 Merit Medical 32.74 19,057 88,243 Systems Inc. 15 Nutraceutical 9.18 26,681 55,102 International 16 Altiris 58.84 43,937 166,850 17 Sonic 322.50 41,943 65,053 Innovations, Inc. 18 Evans & NA 77,816 15,566 Sutherland Computer Corp. 19 The SCO Group 39.30 45,765 19,516 20 Star Buffet 14.88 14,679 21,105 Inc. 21 Myriad Genetics NA 19,337 163,486 Inc. 22 Buyers United 61.00 25,598 (1,627) 23 iMergent Inc. 9.35 3,418 8,103 24 MITY 14.95 4,157 27,799 Enterprises 25 Equity Oil Co. 21.83 40,702 36,005 26 TenFold 9.59 15,857 (1,440) Corporation 27 Utah Medical 5.69 13,162 36,532 Products Inc. 28 Zevex NA 6,808 12,924 International Inc. 29 Q Comm NA 2,364 10,530 International 30 Sento Corp. NA 5,113 10,896 31 Dynatronics NA 5,112 7,601 Corp. 32 IDI Global 72.50 2,395 2,683 33 Whole Living NA 2,337 (531) 34 Iomed Inc. 12.08 4,075 8,416 35 Alpine Air NA 11,768 8,445 Express 36 NPS NA 214,723 112,785 Pharmaceuticals Inc. 37 NACO Industries 6.47 1,869 1,877 38 Park City Group NA 10,080 (7,929) 39 Broadcast NA 1,338 762 International 40 Specialized NA 3,018 1,072 Health Products International 41 Cimetrix Inc. NA 3,538 (506) 42 English NA 525 2,120 Language Learning 43 ARKONA NA 1,203 (685) 44 Paradigm NA 2,242 680 Medical Industries 45 Nevada 23.08 3,367 21,897 Chemicals 46 BSD Medical NA 979 575 Corporation 47 Fonix NA 13,570 (10,397) Corporation 48 FX Energy Inc. NA 2,310 21,459 49 RecycleNet NA 86 191 Corporation 50 Pacific Web 4.25 688 3,074 Works TOTAL ASSETS RANKING COMPANY (OOO's) D/E RATIO 2003 ROE 1 Zions 28,558,238 1024.33% 13.30% Bancorporation 2 Questar 3,309,055 162.36% 13.77% Corporation 3 Nu Skin 623,747 114.90% 23.39% Enterprises Inc. 4 Skywest Inc. 1,529,210 115.67% 9.42% 5 Headwaters, 373,275 166.33% 26.14% Inc. 6 Franklin Covey 259,741 39.80% NA Corporation 7 American Skiing 475,305 NA 18.70% Company 8 Nature's 125,558 62.22% 6.59% Sunshine Products Inc. 9 Weider 115,242 67.39% NA Nutrition International Inc. 10 Overstock.com 97,732 72.55% NA 11 USANA Health 65,127 46.78% 46.92% Sciences Inc. 12 1-800 Contacts 86,931 57.46% NA Inc. 13 Security 316,910 708.96% 16.84% National Financial 14 Merit Medical 107,301 21.60% 19.60% Systems Inc. 15 Nutraceutical 81,783 48.42% 22.99% International 16 Altiris 210,787 26.33% 8.40% 17 Sonic 106,996 64.48% 0.58% Innovations, Inc. 18 Evans & 93,382 499.91% NA Sutherland Computer Corp. 19 The SCO Group 94,952 234.50% 27.18% 20 Star Buffet 35,784 69.55% 5.52% Inc. 21 Myriad Genetics 182,823 11.83% NA Inc. 22 Buyers United 23,971 NA NA 23 iMergent Inc. 11,522 42.18% 62.13% 24 MITY 31,956 14.95% 17.10% Enterprises 25 Equity Oil Co. 76,707 113.05% 5.87% 26 TenFold 14,417 NA NA Corporation 27 Utah Medical 49,694 36.03% 56.83% Products Inc. 28 Zevex 19,732 52.68% NA International Inc. 29 Q Comm 12,894 22.45% NA International 30 Sento Corp. 16,010 46.93% NA 31 Dynatronics 12,713 67.25% 0.33% Corp. 32 IDI Global 5,078 89.27% 11.22% 33 Whole Living 1,806 NA 199.25% 34 Iomed Inc. 12,491 48.42% 9.33% 35 Alpine Air 20,213 139.35% NA Express 36 NPS 327,508 190.38% NA Pharmaceuticals Inc. 37 NACO Industries 3,746 99.57% 17.90% 38 Park City Group 2,150 NA 63.10% 39 Broadcast 2,100 175.59% NA International 40 Specialized 4,090 281.53% NA Health Products International 41 Cimetrix Inc. 3,032 NA 183.99% 42 English 2,646 24.76% NA Language Learning 43 ARKONA 518 NA 227.59% 44 Paradigm 2,922 329.71% NA Medical Industries 45 Nevada 25,264 15.38% 7.79% Chemicals 46 BSD Medical 1,554 170.26% NA Corporation 47 Fonix 3,173 NA 130.26% Corporation 48 FX Energy Inc. 23,769 10.76% NA 49 RecycleNet 277 45.03% NA Corporation 50 Pacific Web 3,762 22.38% NA Works MARKET VALUE RANKING COMPANY 2003 ROI (OOO's) 1 Zions 1.18% 4,364,619 Bancorporation 2 Questar 5.25% 2,955,414 Corporation 3 Nu Skin 10.88% 451,000 Enterprises Inc. 4 Skywest Inc. 4.37% 1,025,890 5 Headwaters, 9.81% 374,304 Inc. 6 Franklin Covey NA 14,087 Corporation 7 American Skiing NA 3,600 Company 8 Nature's 4.06% 81,960 Sunshine Products Inc. 9 Weider NA 31,160 Nutrition International Inc. 10 Overstock.com NA 150,000 11 USANA Health 31.96% 218,471 Sciences Inc. 12 1-800 Contacts NA 173,000 Inc. 13 Security 2.08% 29,890 National Financial 14 Merit Medical 16.12% 263,000 Systems Inc. 15 Nutraceutical 15.49% 92,000 International 16 Altiris 6.65% 221,876 17 Sonic 0.35% 72,600 Innovations, Inc. 18 Evans & NA 27,166 Sutherland Computer Corp. 19 The SCO Group 5.59% 20,600 20 Star Buffet 3.26% 4,658 Inc. 21 Myriad Genetics NA 380,358 Inc. 22 Buyers United 1.26% 28,739 23 iMergent Inc. 43.69% 66,519 24 MITY 14.87% 33,362 Enterprises 25 Equity Oil Co. 2.76% 26,990 26 TenFold 95.35% 26,251 Corporation 27 Utah Medical 41.78% 86,897 Products Inc. 28 Zevex NA 10,883 International Inc. 29 Q Comm NA 22,290 International 30 Sento Corp. NA 27,636 31 Dynatronics 0.20% 11,384 Corp. 32 IDI Global 5.93% 11,250 33 Whole Living NA 20,462 34 Iomed Inc. 6.28% 7,557 35 Alpine Air NA 1,408 Express 36 NPS NA 894,225 Pharmaceuticals Inc. 37 NACO Industries 8.97% 248 38 Park City Group NA 4,374 39 Broadcast NA 15,024 International 40 Specialized NA 19,698 Health Products International 41 Cimetrix Inc. NA 7,574 42 English NA 3,360 Language Learning 43 ARKONA NA 3,672 44 Paradigm NA 6,690 Medical Industries 45 Nevada 6.75% 13,467 Chemicals 46 BSD Medical NA 28,530 Corporation 47 Fonix NA 4,029 Corporation 48 FX Energy Inc. NA 52,835 49 RecycleNet NA 1,143 Corporation 50 Pacific Web NA 3,524 Works P/E: Price/earnings ratio--Price of stock at fiscal year end divided by its earnings per share. EPS: Earnings per share--basic earnings per share prior to dilution D/E: Debt-to-equity ratio--Total liabilities, not just long-term debt, divided by shareholders' equity and expressed as a percentage. Figured as of the company's fiscal year end. ROE: Return on equity--Amount (percentage) earned on a company's shareholder investment. Income divided by shareholders' equity as of the fiscal year end. ROI: Return on investment--Amount (percentage) earned on a company's total capital. Income divided by total assets as of the fiscal year end. Market value: As disclosed in company's 10-K associated with most recent fiscal year end. NA: Not applicable. (All figures in thousands except per share data) Data based on public filings researched and compiled by Cahaba Research Associates and Grant Thomton LLP, company Web sites and interviews with company representatives. All information based on year end as noted for each company. To view, download or submit information for consideration, this list and the complete "Book of Lists" are available online at www.utahbusiness.com. Special thanks to Grant Thornton LLP for their assistance researching and compiling this 2004 Utah's Top Public Companies list.
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| Title Annotation: | feature |
|---|---|
| Author: | Olsen, Jaclyn |
| Publication: | Utah Business |
| Article Type: | Company Profile |
| Date: | Jul 1, 2004 |
| Words: | 5870 |
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