Rochester’s homegrown public companies are leaders nationally and internationally. But their local contributions–to employment, the economy and the community–are what really hit home. This publication is devoted to systematically measuring and analyzing their performance.
The Rochester Business Journal 25 consists of publicly held firms based in Monroe, Genesee, Livingston, Ontario, Orleans, Seneca and Wayne counties, and out-of-town companies founded here that have not been sold. Market value determined which firms made the list; ranking was determined by net income.
With comparative data and analysis unavailable elsewhere, this report details the top 25 companies’ past performance and their future prospects.
37 Out of the ballpark
By Mary Morgan
The Rochester Business Journal 25 as a group turned cutbacks and restructurings into vastly improved productivity. Half of the firms cut jobs, but combined net income shot up a whopping 66 percent.
38 The Rochester Business Journal 25 ranked
39 Earnings growth chart
40 Sales growth chart
41 Executive privileges
By Will Astor
Nearly half of the top 25 CEOs saw plumper paychecks, underlining the market’s impact on the going rate. But performance did count.
42 CEO compensation chart
43 Power surge
Roger Kober says his goal at Rochester Gas and Electric Corp. is to build on the utility company’s recent restructuring and put RG&E back on the growth track. And he plans to do so by sticking to what the company knows best.
45 Not in my backyard?
By Peg Brickley
Buying American is one thing; buying local is another. Rochester companies shop in their hometown, but not necessarily out of loyalty.
46 Engineering change
By Kara Fitzsimmons
Re-engineering may be part of the title, but companies undergoing the process are not necessarily going by the book.
47 Practice what you preach
By Christina Le Beau
They are inherent to corporate culture, yet values are just now coming into their own. The trick is making them more than mere words.
48 Down, but not out
By Rick Woodson
Still smarting from severe job cuts, Rochester can take solace in forecasts of stability. But observers do not expect great growth, either.
49 Employment trends chart
50 Future tense
Local investment managers turn clairvoyant for a look at the future of Rochester’s top 25 companies.
51 One-year return to investors chart
52 All booked up
By Rose Ericson
Workplace relationships and competition are frequent themes in the favorite business books of top 25 CEOs. Few ranked as best sellers.
53 The top 25 by the numbers
54 Definitions and footnotes