2022 IW U.S. 500 Manufacturing Companies: 9 Biggest Movers (Some Up, Some Down) from 2022

Feb. 14, 2023
Steel producers and steel processors rode the wave up the IW U.S. 500 in 2022.

Metals companies gained the most ground in 2022's IndustryWeek US 500. This list of the four fastest gains and the five companies losing the most group includes two steel producers and a fabricated metals company on the way up. On the way down, a diverse group of companies that fell on tougher times in 2021. As we prepare to gather data for 2023's publicly traded manufacturers list, a look at who gained and lost last year will play a role in how we manage the list going forward.

We changed our data collection systems for the 2022 list, and the data generated showed us that our traditional definitions of what a manufacturing company is was counting some businesses that no longer actively engage in making anything (Apple, for example, sells consumer goods that are almost entirely made by contractors). So, expect some changes to this list, changes that will eliminate some big companies and provide more opportunity to feature smaller companies that are more representative of manufacturing today. 

Click through the slideshow to see the top and bottom performers from 2022 last year's list

2022 Rank2021 RankNameSymbol2021
(in millions)
354488Encore Wire Corp.WIRE$2,593$1,277103.0%-134
66192Cleveland-Cliffs Inc.CLF$20,444$5,319281.8%-126
373495Olympic Steel Inc.ZEUS$2,312$1,23487.4%-122
110223Devon Energy Corp.DVN$13,117$4,503191.3%-113
326244Spectrum Brands Holdings Inc.SPB$2,998$3,96414.3%82
447364Seagen Inc.SGEN$1,574$2,176-27.6%83
458363Carpenter Technology Corp.CRS$1,476$2,181-32.3%95
410303Triumph Group Inc.TGI$1,870$2,900-35.5%107
429311Greenbrier Companies Inc.GBX$1,748$2,792-37.4%118

Data provided by Seeking Alpha and S&P Global.

About the Author

Robert Schoenberger


LinkedIn: linkedin.com/in/robert-schoenberger-4326b810

Bio: Robert Schoenberger has been writing about manufacturing technology in one form or another since the late 1990s. He began his career in newspapers in South Texas and has worked for The Clarion-Ledger in Jackson, Mississippi; The Courier-Journal in Louisville, Kentucky; and The Plain Dealer in Cleveland where he spent more than six years as the automotive reporter. In 2014, he launched Today's Motor Vehicles (now EV Manufacturing & Design), a magazine focusing on design and manufacturing topics within the automotive and commercial truck worlds. He joined IndustryWeek in late 2021.

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