The Lane Report’s 2008 Corporate Rankings
THE Lane Report presents our annual list of the largest publicly held companies in the commonwealth each June. To be eligible to be in the Kentucky Blue Chip 20, a corporation must be headquartered in Kentucky and be publicly traded. This year’s list is ranked by total revenue each company generated during its fiscal year, which reflects the amount of business it does.
The 2008 ranking is very similar to the 2007 list. Humana, the Louisville-based health and supplemental benefits provider, remains far and away the largest corporation in the commonwealth. And it grew handsomely to boot. Humana increased its overall revenues 18 percent to almost $25.3 billion and reported $833 million in profits, which was 71 percent more than the previous year.
Humana ranks 98th in the Fortune 500 list of the largest companies in the United States. Four other Kentucky-based corporations also made the most recent Fortune 500 – in descending order they are Yum Brands, the fast food giant that operates 35,000 stores in 100-plus countries, which generated$10.4 billion in revenues; Ashland, the global chemical company, reported $7.8 billion in sales; Omnicare’s geriatric pharmaceuticals services produced $6.2 billion in revenue; and Lexmark International gathered $4.9 billion in revenue with its computer printer and peripherals operations.
The top five remained the same as last year. There was some shuffling in the second five – General Cable moved up a rung to the sixth ranking on a 26 percent jump in revenue that took it to $4.6 billion. Kindred Healthcare went from sixth to seventh while holding steady at $4.2 billion. Brown-Forman’s spirits and wines business maintained the eighth slot with nearly 15 percent revenue growth. And last year’s No. 9, Genlyte Group, the lighting manufacturer, disappeared after it was purchased by Royal Phillips Lighting in January.
ResCare moved up to No. 9 and Tempur-Pedic International rounded out the top 10.
All information was obtained from publicly accessible sources.
Copyright Lane Communications Group, Inc. Jun 2008
(c) 2008 Lane Report, The. Provided by ProQuest Information and Learning. All rights Reserved.