ASIANET: Tyco Is Ranked Number One Performing Company by BusinessWeek
Tyco Is Ranked Number One Performing Company by BusinessWeek
PEMBROKE, Bermuda, March 28 /PRNewswire-AsiaNet/ -- Tyco International Ltd. (NYSE: TYC; LSE: TYI; BSX: TYC), a diversified manufacturing and service company, has been named the number one performing company of 2000 by BusinessWeek magazine.
The BusinessWeek 50, which ranks companies in the S&P 500 Index based on nine criteria, named Tyco number one in a special Spring 2001 issue released this week. Tyco is the top performer based on its revenue growth, earnings growth, return to shareholders, profit margins and return on equity, tallied for both one year and three years.
According to the BusinessWeek Spring 2001 issue, "Along with a healthy rise in profit margins and return on equity, Tyco's impressive showing placed the manufacturer atop BusinessWeek's fifth annual performance ranking of companies in the Standard & Poor's 500-Stock Index. After moving up from No. 23 on our list last year, Tyco leads a diverse bunch of companies that have managed, despite the parlous times, to thrive."
L. Dennis Kozlowski, Chairman and CEO of Tyco, commented, "Tyco is delighted to receive this recognition from BusinessWeek. Tyco's 'growth on growth' strategy has been designed to deliver ongoing solid, sustainable organic growth coupled with growth through acquisitions. Our strategy has positioned Tyco as the leader in our markets and as the high-quality, low-cost producer in the industries in which we operate."
Mr. Kozlowski became Chief Executive Officer of Tyco International Ltd. in 1992. During his tenure as CEO, the Company has evolved from a $3.1 billion manufacturer to a $38 billion global manufacturing and service company with 200,000 employees and a market cap of more than $80 billion.
In the seven years that Mr. Kozlowski has been at Tyco's helm, the Company has transformed itself into one that derives a substantial majority of its revenues from recurring sources such as long-term service contracts, and from operations that are not subject to economic cycles. In addition, Tyco has made and integrated more than 118 acquisitions, all of them accretive to shareholders.
ABOUT TYCO INTERNATIONAL LTD.
Tyco International Ltd. (NYSE: TYC; LSE: TYI; BSX: TYC) is a diversified manufacturing and service company. Tyco is the world's largest manufacturer and servicer of electrical and electronic components; the world's largest designer, manufacturer, installer and servicer of undersea telecommunications systems; the world's largest manufacturer, installer and provider of fire protection systems and electronic security services, and the world's largest manufacturer of flow control valves. Tyco also holds strong leadership positions in disposable medical products, diagnostic imaging, bulk pharmaceuticals, wound closure, plastics and adhesives. Tyco operates in more than 100 countries and had fiscal 2000 sales of $28.9 billion.
SOURCE: Tyco International Ltd.
CONTACT: Judith Czelusniak,
Senior Vice President,
Corporate Relations,
Tyco International (US) Inc.,
561-988-7424
Web site: http://www.tyco.com
(TYC)
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