Charlotte-area firms on Fortune 500
Eight corporations based in the Charlotte region are on Fortune magazine’s annual list of the top 500 U.S. companies, based on revenue last year.
Charlotte-based Bank of America Corp. (NYSE:BAC) tops the list of local corporations, ranking No. 5 nationally, with $150.5 billion in revenue. The bank ranked No. 11 on Fortune’s list a year ago.
Lowe’s Cos. Inc. (NYSE:LOW) of Mooresville ranks No. 42 on the latest list, with $47.2 billion in sales. The home-improvement retailer was No. 47 in 2009.
Charlotte-based Duke Energy Corp. (NYSE:DUK) is No. 181, with sales of $12.7 billion. Its ranking is up from No. 204 last year.
Nucor Corp. (NYSE:NUE) of Charlotte is No. 206, with sales of $11.2 billion. That’s down from the steel manufacturer’s No. 106 ranking last year.
Matthews-based Family Dollar Stores Inc. (NYSE:FDO) is No. 305, with sales of $7.4 billion. It was No. 359 last year.
Goodrich Corp. (NYSE:GR) of Charlotte is No. 334, with sales of nearly $6.7 billion. The aerospace company ranked at No. 354 in 2009.
Sonic Automotive Inc. (NYSE:SAH) of Charlotte ranks No. 345, with revenue of $6.3 billion. It was at No. 337 last year.
SPX Corp. (NYSE:SPW), also of Charlotte, ranks No. 427, with annual sales of $4.9 billion. The industrial manufacturer ranked No. 402 last year.
Also, San Francisco-based Wells Fargo & Co. (NYSE:WFC), which acquired Charlotte-based Wachovia Corp. in late 2008, is No. 19, with revenue of $98.6 billion. It was at No. 41 last year.
Topping the overall list is Wal-Mart Stores Inc., with revenue of $408.2 billion. The retailer (NYSE:WMT), based in Arkansas, was No. 2 last year.