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 |
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 DownwardIt'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 |
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 |
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 |
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 |
Voice your opinion!
Voice your opinion!
To join the conversation, and become an exclusive member of IndustryWeek, create an account today!
Sponsored
Sponsored