Date: Thu, 20 Nov 1997 23:46:15 GMT Server: Apache/1.2.1 Last-Modified: Thu, 29 May 1997 18:25:28 GMT ETag: "1a7e47-14dc-338dca18" Content-Length: 5340 Accept-Ranges: bytes Connection: close Content-Type: text/html AFC Cable Systems, Inc. Named among BOSTON GLOBE's Top Mass. Companies

news

May 23, 1997

AFC Cable Systems Named Among BOSTON GLOBE'S Top Massachusetts Companies

NEW BEDFORD, Mass., May 23 THE BOSTON GLOBE has ranked AFC Cable Systems, Inc. number 41 in its annual selection of the top 100 Massachusetts publicly traded companies. In addition, AFC was number 38 in the GLOBE's list of the 50 fastest growing Massachusetts public companies.

The company, founded here in 1926 as American Flexible Conduit Company, manufactures modular wiring systems, armored cable, and associated products that distribute data, voice, and power to computers, workstations, electronic point-of-sale terminals, and other equipment.

"Our success proves that you can design and manufacture engineered, industrial products to world-class quality standards, and do so profitably, in the Northeast," said Robert R. Wheeler, president.

"In 1996, we purchased, expanded, and modernized a 125,000 square-foot plant near our operations headquarters in New Bedford, Mass.," Wheeler said. "None-theless, we are running three shifts per day, six days per week, with a record manufacturing output in March, and have equipment on-order for delivery through the year so we can move to the next capacity level."

The GLOBE said that, for the main list, it ranks corporations with at least

$25 million in sales on four equally weighted measures: return on shareholders' equity, annual sales, sales growth, and change in profit margin (net income as a percentage of sales).

"We think this mixture captures the essential components of a quality company," said Charles Stein of the GLOBE staff. For the Growth 50, the newspaper bases rankings on annual average increase in profits and sales over the last two years. The company must have had at least $10 million in 1994 sales and $1 million in 1994 profits, and been publicly traded for two years.

The principal application of AFC's products is to create power and communications networks in office towers, computer centers, retail malls, hospitals, universities, and other complexes. These products, which are used in new construction and remodeling, include modular wiring systems, prewired armored cable, flexible conduit, and electrical fittings. Sales in 1996 were $161,868,000. Its stock is traded on Nasdaq's National Market System under the symbol AFCX.

For more information, contact Jay W. Thomas, Director of Marketing, AFC Cable Systems, Inc., 55 Samuel Barnet Boulevard, New Bedford, MA 02745-1214.

(508) 998-1131. Fax (508) 998-8533. E-mail: jwt@afcweb.com. Internet site at http://www.afcweb.com

 

View the first 50 companies on the GLOBE 100 and the Growth 50

The GLOBE feature constituted Section C of THE BOSTON GLOBE's May 20, 1997, edition.

 

AFC Cable Systems, Inc.
55 Samuel Barnet Boulevard
New Bedford, MA 02745-1214
t: 508-998-1131
f: 508-998-8533

info@afcweb.com

Wiring systems, armored cable, and associated products to distribute data, voice and power.

• Robert R. Wheeler, President

• Mass. employees: 510

• Worldwide employees: 1,065

• Rank: 41

• Internet: http://www.afcweb.com

Company 1996 Return

on 1995 and 1996 Average Equity (%)

Change in Revenue 1995 to 1996 (%) Change in Profit Margin 1995 to 1996 (%) 1996 Revenue ($ millions)
AFC Cable Systems Inc. 17.07 16.05 21.84 161.90



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