Rochester’s Top 50: Top Public Companies

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1. Eastman Kodak Co.
343 State St.
Rochester, N.Y. 14650
www.kodak.com
724-4000

Net Income (loss) in Millions
2000: 1,407.0
1999: 1,392.0
Percentage Change From 1999: 1.1
Net Income (loss) per Share
2000: 4.59
1999: 4.33
Exchange/Ticker Symbol: NYSE/EK
Sales in Millions
2000: 13,994.0
1999: 14,089.0
Percentage Change From 1999: (0.7)
Return on Sales
2000: 10.1
1999: 9.9
2000 Dividend: 1.76
Total Return (%): -37.0
Description of Business: Develops, manufactures and markets consumer,
professional, health care and other imaging products, and offers related
services

2. Gannett Co. Inc.(1)
55 Exchange Blvd.
Rochester, N.Y. 14614
www.gannett.com
232-7100

Net Income (loss) in Millions
2000: 971.9
1999: 919.4
Percentage Change From 1999: 5.7
Net Income (loss) per Share
2000: 3.63
1999: 3.26
Exchange/Ticker Symbol: NYSE/GCI
Sales in Millions
2000: 6,222.3
1999: 5,095.4(2)
Percentage Change From 1999: 22.1
Return on Sales
2000: 15.6
1999: 18.0
2000 Dividend: 0.86
Total Return (%): -18.7
Description of Business: News and information company that publishes
newspapers, operates broadcasting stations, and is engaged in marketing,
commercial printing, a newswire service, data services and news programming

3. Paychex Inc.
911 S. Panorama Trail
Rochester, N.Y. 14625
www.paychex.com
385-6666

Net Income (loss) in Millions
2000: 190.0
1999: 139.1
Percentage Change From 1999: 36.6
Net Income (loss) per Share
2000: 0.51(3)
1999: 0.37(3)
Exchange/Ticker Symbol: NASDAQ/PAYX
Sales in Millions
2000: 728.1
1999: 597.3(4)
Percentage Change From 1999: 21.9
Return on Sales
2000: 26.1
1999: 23.3
2000 Dividend: 0.22(3)
Total Return (%): 83.6
Description of Business: Provides payroll-processing, human resource, and
benefits outsourcing for small to midsize businesses; and operates a
professional employer organization

4. RGS Energy Group Inc.(5)
89 East Ave.
Rochester, N.Y. 14649
www.rge.com
546-2700

Net Income (loss) in Millions
2000: 95.6
1999: 93.6(6)
Percentage Change From 1999: 2.1
Net Income (loss) per Share
2000: 2.6
1999: 2.4(4)
Exchange/Ticker Symbol: NYSE/RGS
Sales in Millions
2000: 1,448.1
1999: 1,207.6
Percentage Change From 1999: 19.9
Return on Sales
2000: 6.6
1999: 7.8
2000 Dividend: 1.80
Total Return (%): 75.6
Description of Business: Holding company with regulated and unregulated
subsidiaries that supply electric and gas service

5. Apogent Technologies Inc.(7,8)
75 Panorama Creek Drive
Rochester, N.Y. 14625
www.apogent.com
586-8800

Net Income (loss) in Millions
2000: 86.7
1999: 77.4(9)
Percentage Change From 1999: 12.0
Net Income (loss) per Share
2000: 0.81
1999: 0.73(9)
Exchange/Ticker Symbol: NYSE/AOT
Sales in Millions
2000: 863.6
1999: 715.0(9)
Percentage Change From 1999: 20.8
Return on Sales
2000: 10.0
1999: 10.8
2000 Dividend: NONE
Total Return (%): 11.2
Description of Business: Manufacture of products for the life sciences,
clinical, industrial, diagnostic, microbiology and laboratory equipment
markets

6. Bausch & Lomb Inc.
1 Bausch & Lomb Place
Rochester, N.Y. 14604
www.bausch.com
338-6000

Net Income (loss) in Millions
2000: 82.0
1999: 102.7
Percentage Change From 1999: (20.2)
Net Income (loss) per Share
2000: 1.49
1999: 1.75
Exchange/Ticker Symbol: NYSE/BOL
Sales in Millions
2000: 1,772.4
1999: 1,764.3(10)
Percentage Change From 1999: 0.5
Return on Sales
2000: 4.6
1999: 5.8
2000 Dividend: 1.04
Total Return (%): -36.4
Description of Business: Develops, manufactures and markets ophthalmic
surgical equipment and pharmaceutical products and soft contact lenses

7. Constellation Brands Inc.
300 WillowBrook Office Park
Fairport, N.Y. 14450
www.cbrands.com
218-2169

Net Income (loss) in Millions
2000: 77.4
1999: 61.9
Percentage Change From 1999: 25.0
Net Income (loss) per Share
2000: 2.09(11)
1999: 1.15(11)
Exchange/Ticker Symbol: NYSE/STZ, STZB
Sales in Millions
2000: 2,340.5
1999: 1,497.3
Percentage Change From 1999: 56.3
Return on Sales
2000: 3.3
1999: 4.1
2000 Dividend: NONE
Total Return (%): Class A: 17.9 Class B: -1.7
Description of Business: Produces and markets beverage alcohol brands in the
United States and United Kingdom, and is a wholesale distributor of beverages
in the United Kingdom

8. Home Properties of New York Inc.
850 Clinton Square
Rochester, N.Y. 14604
www.homeproperties.com
546-4900

Net Income (loss) in Millions
2000: 41.5
1999: 26.4
Percentage Change From 1999: 57.2
Net Income (loss) per Share
2000: 1.41
1999: 1.34
Exchange/Ticker Symbol: NYSE/HME
Sales in Millions
2000: 319.0
1999: 234.5
Percentage Change From 1999: 36.0
Return on Sales
2000: 13.0
1999: 11.3
2000 Dividend: 2.16
Total Return (%): 10.4
Description of Business: Self-administered and self-managed real estate
investment trust that owns, manages, acquires, rehabilitates and develops
apartment communities

9. Financial Institutions Inc.(12)
220 Liberty Street
Warsaw, N.Y. 14569
www.fiiwarsaw.com
786-1100

Net Income (loss) in Millions
2000: 18.1
1999: 16.0(13)
Percentage Change From 1999: 13.1
Net Income (loss) per Share
2000: 1.51
1999: 1.38
Exchange/Ticker Symbol: NASDAQ/FISI
Sales in Millions
2000: 62.3
1999: 54.8
Percentage Change From 1999: 13.7
Return on Sales
2000: 29.1
1999: 29.1
2000 Dividend: 0.42
Total Return (%): 14.4
Description of Business: Bank holding company that owns and operates
commercial banks providing consumer, commercial and agricultural banking
services

10. Monro Muffler Brake Inc.
200 Holleder Parkway
Rochester, N.Y. 14615
www.monro.com
647-6400

Net Income (loss) in Millions
2000: 8.2
1999: 4.7
Percentage Change From 1999: 74.5
Net Income (loss) per Share
2000: 0.92
1999: 0.53
Exchange/Ticker Symbol: NASDAQ/MNRO
Sales in Millions
2000: 223.6
1999: 193.5
Percentage Change From 1999: 15.6
Return on Sales
2000: 3.7
1999: 2.4
2000 Dividend: NONE
Total Return (%): 19.2
Description of Business: Chain of company- and dealer-operated shops
providing automotive undercar-repair services

11. Performance Technologies Inc.
315 Science Parkway
Rochester, N.Y. 14620
www.pt.com
256-0200

Net Income (loss) in Millions
2000: 7.1
1999: 6.2
Percentage Change From 1999: 14.5
Net Income (loss) per Share
2000: 0.51
1999: 0.45
Exchange/Ticker Symbol: NASDAQ/PTIX
Sales in Millions
2000: 39.0
1999: 44.5
Percentage Change From 1999: -12.4
Return on Sales
2000: 18.2
1999: 13.9
2000 Dividend: NONE
Total Return (%): -20.7
Description of Business: Supplier of telecommunications and networking
products enabling the convergence of wireline, wireless and next-generation
Internet protocol networks

12. CPAC Inc.
2364 Leicester Road
Leicester, N.Y. 14481
www.cpac.com
382-3223

Net Income (loss) in Millions
2000: 5.6
1999: 5.6
Percentage Change From 1999: 0.0
Net Income (loss) per Share
2000: 0.91
1999: 0.82
Exchange/Ticker Symbol: NASDAQ/CPAK
Sales in Millions
2000: 109.5
1999: 112.7
Percentage Change From 1999: (2.8)
Return on Sales
2000: 5.1
1999: 5.0
2000 Dividend: 0.26
Total Return (%): -21.6
Description of Business: Acquires, licenses and develops brand names and
manufactures branded and private-label chemicals

13. Seneca Foods Corp.
1162 Pittsford-Victor Road
Pittsford, N.Y. 14534
www.senecafoods.com
385-9500

Net Income (loss) in Millions
2000: 4.3
1999: 1.4
Percentage Change From 1999: 207.1
Net Income (loss) per Share
2000: 0.66
1999: 0.23
Exchange/Ticker Symbol: NASDAQ/SENEA, SENEB
Sales in Millions
2000: 605.0
1999: 576.2
Percentage Change From 1999: 5.0
Return on Sales
2000: 0.7
1999: 0.2
2000 Dividend: NONE
Total Return (%): Class A: 21.7, Class B: 26.8
Description of Business: Engages in food processing and operates air charter
service

14. Monroe Title Insurance Corp.
47 W. Main St.
Rochester, N.Y. 14614
www.monroetitle.com
232-2070

Net Income (loss) in Millions
2000: 0.9
1999: 1.3
Percentage Change From 1999: (30.8)
Net Income (loss) per Share
2000: 0.84
1999: 1.13
Exchange/Ticker Symbol: OTC/MTTL
Sales in Millions
2000: 18.0
1999: 20.4
Percentage Change From 1999: (11.8)
Return on Sales
2000: 5.0
1999: 6.4
2000 Dividend: 1.00
Total Return (%): -25.7
Description of Business: Preparation of title searches and issuance of title
insurance

15. Graham Corp.
20 Florence Ave.
Batavia, N.Y. 14020
www.graham-mfg.com
343-2216

Net Income (loss) in Millions
2000: (0.8)
1999: 2.4
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (0.55)
1999: 1.46
Exchange/Ticker Symbol: AMEX/GHM
Sales in Millions
2000: 38.7
1999: 53.0
Percentage Change From 1999: (27)
Return on Sales
2000: NM
1999: 4.5
2000 Dividend: NONE
Total Return (%): 47.3
Description of Business: Manufactures heat transfer and vacuum equipment

16. Genesee Corp.(14)
600 Powers Building, 16 W. Main St.
Rochester, N.Y. 14614
454-1250

Net Income (loss) in Millions
2000: (1.1)
1999: 0.9
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (0.70)
1999: 0.57
Exchange/Ticker Symbol: NASDAQ/ GENBB
Sales in Millions
2000: 45.5
1999: 44.9
Percentage Change From 1999: 1.3
Return on Sales
2000: NM
1999: 2
2000 Dividend: 1.40
Total Return (%): 67.0
Description of Business: Holding company with a subsidiary engaged in dry
food processing and packaging

17. Torvec Inc.
11 Pond View Drive
Pittsford, NY 14534
www.torvec.com
248-8549

Net Income (loss) in Millions
2000: (2.4)(15)
1999: (4.8)(15)
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (0.11)(15)
1999: (0.23)(15)
Exchange/Ticker Symbol: BB/TOVC
Sales in Millions
2000: 0.01(15)
1999: Not applicable(15)
Percentage Change From 1999: NM
Return on Sales
2000: NM
1999: NM
2000 Dividend: NONE
Total Return (%): -37.7
Description of Business: Development-stage company specializing in automotive
technology

18. Transmation Inc.
10 Vantage Point Drive
Rochester, N.Y. 14624
www.transmationcorp.com
352-7777

Net Income (loss) in Millions
2000: (2.5)
1999: 1.0
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (0.42)
1999: 0.17
Exchange/Ticker Symbol: NASDAQ/TRNS
Sales in Millions
2000: 80.0
1999: 70.9
Percentage Change From 1999: 12.8
Return on Sales
2000: NM
1999: 1.4
2000 Dividend: NONE
Total Return (%): -60.0
Description of Business: Manufactures, distributes and services industrial
test, measurement, control and calibration equipment

19. Ultralife Batteries Inc.
2000 Technology Parkway
Newark, N.Y. 14513
www.ultralifebatteries.com
(315) 332-7100

Net Income (loss) in Millions
2000: (10.2)
1999: (7.1)
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (0.94)
1999: (0.68)
Exchange/Ticker Symbol: NASDAQ/ULBI
Sales in Millions
2000: 24.5
1999: 21.1
Percentage Change From 1999: 16.1
Return on Sales
2000: NM
1999: NM
2000 Dividend: NONE
Total Return (%): -24.1
Description of Business: Develops, manufactures and markets lithium primary
and polymer rechargeable batteries

20. Harris Interactive Inc.
135 Corporate Woods
Rochester, NY 14623
www.harrisinteractive.com
272-8400

Net Income (loss) in Millions
2000: (21.9)
1999: (10.0)
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (0.93)
1999: (1.01)
Exchange/Ticker Symbol: NASDAQ/HPOL
Sales in Millions
2000: 51.3
1999: 29.0
Percentage Change From 1999: 76.9
Return on Sales
2000: NM
1999: NM
2000 Dividend: NONE
Total Return (%): -75.4
Description of Business: Research and polling firm using Internet-based and
traditional research methods to provide clients with information on the
views, experiences and attitudes of people worldwide

21. Zapata Corp.
100 Meridian Centre, Suite 350
Rochester, N.Y. 14618
www.zapatacorp.com
242-2000

Net Income (loss) in Millions
2000: (26.0)
1999: (20.3)
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (10.88)(16)
1999: (8.51)(16)
Exchange/Ticker Symbol: NYSE/ZAP
Sales in Millions
2000: 84.1
1999: 93.7
Percentage Change From 1999: (10.2)
Return on Sales
2000: NM
1999: NM
2000 Dividend: NONE
Total Return (%): -67.5
Description of Business: Holding company that owns a majority interest in a
marine protein business

22. PSC Inc.(17)
675 Basket Road
Webster, N.Y. 14580
www.pscnet.com
265-1600

Net Income (loss) in Millions
2000: (55.1)
1999: 8.0
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (4.56)
1999: 0.58
Exchange/Ticker Symbol: NASDAQ/PSCX
Sales in Millions
2000: 240.9
1999: 231.3
Percentage Change From 1999: 4.2
Return on Sales
2000: NM
1999: 3.5
2000 Dividend: NONE
Total Return (%): (90.2)
Description of Business: Designs, manufactures and markets data collection
systems to help companies implement supply chain management solutions

23. Choice One Communications Inc.
100 Chestnut St.
Rochester, N.Y. 14604
www.choiceonecom.com
246-4231

Net Income (loss) in Millions
2000: (216.9)
1999: (32.5)
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (7.11)
1999: (1.47)
Exchange/Ticker Symbol: NASDAQ/CWON
Sales in Millions
2000: 68.1
1999: 4.5
Percentage Change From 1999: 1,413.3
Return on Sales
2000: NM
1999: NM
2000 Dividend: NONE
Total Return (%): -68.5
Description of Business: Provides integrated telecommunications services,
including local and long-distance telephone service and Web hosting and
design

24. Mpower Communications Corp.
175 Sully’s Trail
Pittsford, N.Y. 14534
www.mpowercom.com
218-6550

Net Income (loss) in Millions
2000: (224.6)
1999: (69.8)(6)
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (4.81)(18)
1999: (5.09)(18)
Exchange/Ticker Symbol: NASDAQ/MPWR
Sales in Millions
2000: 146.9
1999: 55.1
Percentage Change From 1999: 166.6
Return on Sales
2000: NM
1999: NM
2000 Dividend: NONE
Total Return (%): -83.8
Description of Business: Provides high-speed Internet and telephone services

25. Xerox Corp.(19)
100 S. Clinton Ave.
Rochester, N.Y. 14644
www.xerox.com
423-5090

Net Income (loss) in Millions
2000: (257)
1999: (1,339.0)(20)
Percentage Change From 1999: NM
Net Income (loss) per Share
2000: (0.44)
1999: (1.85)(20)
Exchange/Ticker Symbol: NYSE/XRX
Sales in Millions
2000: 18,701.0
1999: 19,567.0(20)
Percentage Change From 1999: (4.4)
Return on Sales
2000: NM
1999: 6.8
2000 Dividend: 0.65
Total Return (%): -80.2
Description of Business: Provides color and black-and-white digital printers,
copiers and related document-processing equipment; and delivers related
services, software and supplies

Notes: Information was taken from the fiscal year 2000 annual reports and
proxy statements of publicly-traded companies that are locally based or
formerly locally based. The local area is Monroe, Genesee, Livingston,
Ontario, Orleans and Wayne counties. The companies were chosen based on
market value, which was calculated by Brighton Securities Corp. by
multiplying share price on March 31, 2001, by the number of common shares
that were outstanding on that date. Companies were then ranked by net income,
which is defined as income from continuing operations before extraordinary
items. All per share amounts are fully diluted.

(1)Local address; company is now headquartered in Arlington, Va.
(2)Gannett’s 1999 sales figure has been restated to conform with a newly
adopted accounting standard.
(3)Adjusted for 3-for-2 stock split on May 12, 2000.
(4)The 2000 edition of this list incorrectly stated Paychex’s 1999 sales
figure.
(5)Energy East Corp. has agreed to acquire RGS. Both companies’ shareholders
have approved the deal, which is awaiting regulatory approval.
(6)The 2000 edition of this list gave this company’s net income after
preferred stock dividends. However, on a balance sheet, preferred stock
dividends are subtracted from net income after the impact of discontinued
operations and extraordinary items have been accounted for. This year, all
net income figures are for continuing operations before extraordinary items,
and do not include the impact of preferred stock dividends.
(7)Formerly Sybron International Corp.
(8)Local address; company is now headquartered in Portsmouth, N.H.
(9)Apogent’s 1999 results have been restated to reflect the spinoff of
Sybron Dental Specialties Inc.
(10)Restated to reflect the reclassification of shipping and handling costs.
(11)Adjusted for 2-for-1 stock split on May 14.
(12)Financial Institutions is not headquartered locally, but is included in
this list due to its significant local presence and its headquarters’
proximity to the local area.
(13)The 2000 edition of this list incorrectly stated Financial Institutions’
1999 net income.
(14)The company has divested itself of a substantial portion of its
operations, and its 1999 results have been restated accordingly. The company
is in the process of liquidating its remaining operations.
(15)Torvec is a start-up company and has not yet generated any significant
revenues; its 2000 revenues were derived from the sale of shares of the
company’s common stock. The company’s net loss comes from its start-up
activities.
(16)Adjusted for 1-for-10 reverse split on Jan. 31.
(17)Local address; the company is now headquartered in Portland, Ore.
(18)Adjusted for 3-for-2 stock split on Aug. 28.
(19)Local address; company is now headquartered in Stamford, Conn.
(20)Restated to correct accounting errors in the company’s 1999 annual
report.
NA – Not available
NM – Not meaningful
Researched by Bill Myers

07/13/01 (C) Rochester Business Journal