Florida's Top Companies Have their Engines Revving
Did somebody say recession? Looking at Florida Trend's annual rankings of Florida's powerhouse public and private companies, who would have predicted in these economic times that the top 350 companies surveyed would actually record an increase in revenue of nearly $40 billion year over year? According to Florida's premier business magazine, the top public companies enjoyed a rise in revenue of 8.2 percent, collectively, while the leading private companies surpassed their public counterparts with a 9.3 percent increase.
Notably, of Florida's top 10 public companies, only one -- Office Depot, down 1.2 percent -- reported a decline in revenue. Leading the public list is World Fuel Services of Miami, with an 81 percent increase in revenue from last year. The petroleum-products-distribution company ranked third previously.
The private side revealed much the same results. Automotive giant JM Family Enterprises of Deerfield Beach slid one spot to No. 4 on account of its 4.3 percent decline in revenue. It was the only company in the top 10 to show a dip. Sun Capital Partners of Boca Raton retained its crown atop the private lot, posting $45 billion in revenues, an increase of 12.5 percent.
All in all, Florida's top companies generated $480 billion for the state last year. For the full lists, check out Florida Trend's July 2012 edition or visit FloridaTrend.com/toprank.