The 2008 IndustryWeek U.S. 500 -- Metrics

Comparing and contrasting companies in the 2008 IW U.S. 500.

Below are selected comparisions of the 2008 IW U.S. 500. To see other comparisons please visit our 2008 IW U.S. 500 online database.

Growth Spurts: Manufacturers that Have Increased Revenue By At Least 100% Since 2003

Sometimes year-over-year growth doesn't tell the whole story. To gain better insight into how much companies have expanded through the years, the above chart shows which manufacturers on the IW U.S. 500 have increased their revenues by at least 100% since 2003. As you can see, Freeport-McMoRan Copper & Gold Inc. grew exponentially, driven in the past year by its acquisition of Phelps Dodge Corp. to make it the world's largest publicly traded copper producer.

2008 Rank Company Industry Revenue 2007* Revenue 2003* Revenue Growth (%)
63 Freeport-McMoRan Copper & Gold Inc. Primary Metals $16,939 $2,212 665.7
440 Celgene Corp. Pharmaceuticals $1,406 $271 417.8
371 Gardner Denver Inc. Machinery $1,868 $440 325.2
141 Reliance Steel & Aluminum Co. Primary Metals $7,266 $1,886 285.3
468 Southwestern Energy Co. Petroleum & Coal Products $1,255 $327 283.4
96 Genentech Inc. Pharmaceuticals $11,724 $3,300 255.2
299 Lam Research Corp. Computers & Other Electronic Products $2,567 $755 239.8
377 Baldor Electric Co. Electrical Equipment & Appliances $1,825 $563 223.9
340 Roper Industries Inc. Miscellaneous $2,102 $657 219.8
263 Noble Energy Inc. Petroleum & Coal Products $3,061 $970 215.5
295 Coach Inc. Apparel $2,612 $953 174.1
365 MEMC Electronic Materials Inc. Computers & Other Electronic Products $1,922 $781 146.0
444 Citrix Systems Inc. Computer Software $1,392 $589 136.5
499 Tempur-Pedic International Inc. Furniture & Fixtures $1,107 $479 131.0
277 Amphenol Corp. Computers & Other Electronic Products $2,851 $1,240 130.0
466 Esterline Technologies Corp. Machinery $1,266 $562 125.2
121 Qualcomm Inc. Communications Equipment $8,871 $3,971 123.4
320 Lincoln Electric Holdings Inc. Machinery $2,281 $1,041 119.2
409 Curtiss-Wright Corp. Machinery $1,592 $746 113.4
53 Occidental Petroleum Corp. Petroleum & Coal Products $20,013 $9,447 111.8
405 Kinetic Concepts Inc. Medical Instruments & Equipment $1,610 $764 110.8
327 Church & Dwight Co. Inc. Chemicals $2,22 $1,057 110.1
102 Danaher Corp. Miscellaneous $11,026 $5,294 108.3
285 KLA-Tencor Corp. Computers & Other Electronic Products $2,731 $1,323 106.4
413 Moog Inc. Machinery $1,558 $755 106.2
213 Harris Corp. Communications Equipment $4,243 $2,093 102.8
*Millions

Companies Climbing Upward

Industrial and defense truck maker Oshkosh Corp. bucked the trend for the auto and trucking industry, moving up 73 spots on this year's IW U.S. 500. The company benefited largely from its acquisition of aerial work platform manufacturer JLG Industries Inc. in late 2006. Revenue nearly doubled to $6.3 billion in 2007.
2008 Rank 2007 Rank Company Change
314 437 Andersons Inc. +123
280 387 DRS Technologies Inc. +107
387 491 GUESS Inc. +104
112 215 Thermo Fisher Scientific Inc. +103
299 399 Lam Research Corp. +100
346 427 Mail-Well Inc. +81
350 430 Belden Inc +80
404 479 Mylan Inc. +75
343 416 Imation Corp. +73
158 231 Oshkosh Corp. +73

Companies Sliding Downward


It's never good news for makers of recreational vehicles and manufactured homes such as Fleetwood Enterprises Inc. when the housing market goes bad and gas prices skyrocket. Revenue declined 17%, but the company is hopeful it can turn things around in 2008. "Although market conditions in all of our businesses remain flat or worse than last year at this time, we expect improved operating results for the first quarter of fiscal 2008 compared to the prior year," said Elden Smith, president and CEO, when earnings were announced. "We have created a more cost-efficient structure and believe that we are gaining market share in some key segments. As a result, operating results (before interest and taxes) for the first quarter of fiscal 2008 should be close to the breakeven level."
2008 Rank 2007 Rank Company Change
461 249 Olin Corp. -212
415 217 Alberto-Culver Co. -198
493 379 Tecumseh Products Co. -114
362 287 Teleflex Inc. -75
389 324 Louisiana-Pacific Corp. -65
355 295 Spectrum Brands Inc. -60
221 170 Temple-Inland Inc. -51
354 305 Fleetwood Enterprises Inc. -49
309 265 UTStarcom Inc. -44

IW 500 Industrial Sectors

Industry # of Companies Revenue (millions)
Petroleum & Coal Products 45 $1,269,151
Computers & Other Electronic Products 53 $592,942
Chemicals 63 $429,479
Motor Vehicles 10 $400,612
Pharmaceuticals 19 $281,987
Electrical Equipment & Appliances 17 $266,352
Food 27 $250,423
Aerospace & Defense 9 $241,483
Machinery 41 $233,846
Tobacco 6 $160,230
Motor Vehicle Parts 15 $149,021
Beverages 10 $139,084
Publishing & Printing 19 $130,500
Primary Metals 14 $114,945
Miscellaneous 22 $109,941
Fabricated Metal Products 21 $96,929
Paper 15 $93,072
Communications Equipment 10 $81,605
Medical Instruments & Equipment 16 $69,286
Apparel 15 $50,869
Railcars, Ships & Other Transportation Equipment 5 $35,482
Instruments 10 $32,866
Furniture & Fixtures 9 $29,756
Rubber Products 3 $26,126
Wood Products 7 $25,940
Stone, Clay, Glass & Concrete Products 5 $23,360
Plastics 8 $18,176
Textiles 3 $15,700
Computer Software 3 $4,425

Top 10 States by Revenue

With General Motors Corp. revenue falling nearly 13% and the rest of the U.S. auto industry struggling to keep pace with foreign competition, Michigan's fall from the No. 3 manufacturing state on the IW U.S. 500 shouldn't be a big surprise. The home of Detroit's Big Three and countless automotive suppliers was the only Top 10 state to lose revenue in 2007. Statewide revenue totaled $562.3 billion in 2007 compared with $588 billion in 2006. The Wolverine State is now ranked fourth on the list behind New York, which increased revenues 9%.

State Revenue (millions)
Texas $1,083,824
Calif. $665,030
N.Y. $634,523
Mich. $562,369
Ill. $430,301
Conn. $306,852
Ohio $221,002
N.J. $203,888
Pa. $163,285
Minn. $97,123

The Miscellaneous 22

Twenty-two IW U.S. 500 manufacturers are categorized as "miscellaneous" this year. These companies either don't fall into one of the major industrial sectors or manufacture products so diverse they can't be narrowed down into one category. The miscellaneous category is nearly unchanged from 2007 with a few exceptions. Two newcomers are No. 447 Brady Corp. and No. 497 Callaway Golf Co. Callaway, a maker of premium-priced golf clubs increased revenue 10% in 2007. Use of the company's new Tour i series golf ball was up 40% in 2007.

Rank Company Revenue (millions) Profit Margin (%)
32 Honeywell International Inc. $34,589 7.1
102 Danaher Corp. $11,026 12.4
124 Fortune Brands Inc. $8,563 8.9
154 Newell Rubbermaid Inc. $6,407 7.3
167 Mattel Inc. $5,970 10.0
172 Brunswick Corp. $5,671 2.0
198 Jarden Corp. $4,660 0.6
212 MDU Resources Group Inc. $4,248 10.2
227 Hasbro Inc. $3,838 8.7
236 Bemis Co. Inc. $3,649 5.0
238 Alliant Techsystems Inc. $3,565 5.2
274 Carlisle Cos. Inc. $2,876 7.5
340 Roper Industries Inc. $2,102 11.9
362 Teleflex Inc. $1,934 7.6
373 Mueller Water Products Inc. $1,849 2.6
422 Valmont Industries Inc. $1,500 6.3
447 Brady Corp. $1,363 8.0
455 Gibraltar Industries Inc. $1,312 1.0
459 Invitrogen Corp. $1,282 11.2
469 Walter Industries Inc. $1,242 9.0
485 Hexcel Corp. $1,171 5.2
497 Callaway Golf Co. $1,125 4.9
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