Long Island's 10 largest public companies
The corporate headquarters of Henry Schein in Melville on May 7, 2012. Credit: Ed Betz
135 Duryea Rd.
Melville, 11747
Revenue: $8.53 billion
Net Income: $368 million
Stock symbol: HSIC (Nasdaq)
Employees: About 15,000 worldwide, with roughly 1,350 on Long Island
Industry: Medical equipment distributor
Chief executive: Stanley Bergman
Henry Schein expects revenue to continue booming in the coming year as the company's push into China takes hold and more people finally take care of the dental work they were putting off during the recession. The global distributor of medical, dental and veterinarian supplies has grown its sales steadily during the last few years, thanks in part to aging, health-conscious and pet-friendly baby boomers. The company has also broadened its customer base abroad, entering the Chinese market in 2010. Company officials hope to hit $10 billion in sales by the end of 2014.
Cablevision Systems Corp.
1111 Stewart Ave., Bethpage, 11714
Revenue: $6.70 billion
Net Income: $292 million
Stock Symbol/Exchange: CVC (NYSE)
Industry: Communications
Chief executive: James L. Dolan
Employees: 15,451 worldwide; Long Island employment not available
Cablevision, confronting competition from rival Verizon Communications Inc., has spent $140 million on improvements to its Internet service and adding indoor and outdoor Wi-Fi hot spots. A remote storage DVR service is being rolled out, along with Optimum-branded services to customers in four western states gained from the Bresnan Communications acquisition. Last year, Cablevision spun off AMC Networks as a separate public company. In December, chief operating officer Thomas M. Rutledge resigned, and many of his duties were assumed by chief executive James L. Dolan. "Our customers are responding positively to our ongoing efforts to expand and improve the products we offer," Dolan told Newsday.
CA Technologies Inc. One CA Plaza
Islandia, 11749
Revenue: $4.81 billion
Net Income: $951 million
Stock symbol: CA (Nasdaq)
Employees: About 13,600 worldwide, with roughly 1,500 on Long Island
Industry: Corporate software
Chief executive: Bill McCracken
CA Technologies, which sells software to large corporations, expects its recent growth spurt and push into cloud computing will continue to help drive up sales in the coming year. The company has invested more than $2 billion since 2006 to acquire more than 20 companies. Those acquisitions helped fuel CA's 9-percent revenue increase last year and broadened its cloud computing business, which allows massive amounts of data to be stored remotely and accessed over the Internet. In the next year, company officials expect revenue between $4.74 billion and $4.80 billion, up 1 percent to 2 percent.
11 Harbor Dr.
Port Washington 11050
Revenue: $3.68 billion
Net Income: $54 million
Stock Symbol: SYX (NYSE)
Industry: Retailer and direct marketer of personal computers, computer components and consumer electronics and industrial products.
Chief executive: Richard Leeds
Employees: 5,500 worldwide, and more than 300 full-time on Long Island.
Systemax's North American consumer business has continued to struggle against industrywide hurdles, including intense price competition, "soft demand and changing consumer habits," the company has said in its filings. Chief executive Richard Leeds said the company is "highly focused" on improving its consumer business and is enhancing the customer experience by modifying and expanding its product assortment, offering more deals and looking for ways to upgrade services. In the second quarter, the company reported a $2.2 million loss, and revenue fell 2.6 percent from the same period last year to $849.5 million. The company's sales of business products did grow 7.7 percent, but that was not enough to overcome a 15.3 percent dip in consumer sales for that quarter.
Pall Corp.
25 Harbor Park Dr.
Port Washington, 11050
Revenue: $2.74 billion
Net Income: $316 million
Stock symbol: PLL (NYSE)
Employees: 10,000 worldwide, with about 700 on Long Island
Industry: High-tech filtration maker
Chief executive: Lawrence D. Kingsley
After restructuring under new chief executive Lawrence D. Kingsley, Pall is gearing up for a buying spree. The company, which makes high-tech purification devices to filter beer, water and other substances, sold the assets from its blood collection, filtration and processing divisions in August for $550 million. Kingsley, who took the helm in October 2011, also made several changes to the executive management team and beefed up research and development. Pall, which as of July 31 had $500 million cash on hand, plans to begin acquiring companies in early 2014, Kingsley told analysts in September.
Broadridge Financial Solutions Inc.
1981 Marcus Ave.,
New Hyde Park 11042
Revenue: $2.17 billion
Net income: $170 million
Stock symbol: BR (NYSE)
Chief executive: Richard J. Daly
Employees: 6,200 full-time, with 1,500 on Long Island
Industry: Financial Communications
Broadridge, started in the East Northport bedroom of chief executive Richard Daly in 1987, manages financial transactions between companies. It has 18 locations worldwide. In August the company was being courted by other states' governors to move its operations off the Island, but it decided to renew the lease on its factories in Edgewood and Brentwood. In return, the Empire State Development Corp. agreed to give it $20 million in state tax credits between 2007 and 2017, and the Long Island Power Authority will reduce the company's $5 million annual utility bill by $6 million over seven years.
MSC Industrial Direct Co. Inc.
75 Maxess Rd.,
Melville 11747
Revenue: $2.02 billion
Net income: $219 million
Stock symbol: MSM (NYSE)
Industry: Industrial tools and supplies
Chief executive: David Sandler
Employees: 4,663 full-time, including 664 on Long Island
MSC Industrial Supply, as the company calls itself, chose to grow during the weak economy. "We take a long-term view of the business and continue to invest in downturns to gain increased market share," Erik Gershwind, president, said in an email. In the past two years the distributor has bought two companies in the western United States, where it says its sales are strongest. Gershwind said MSC has "invested heavily" in e-commerce, which accounts for more than 30 percent of revenue. It faces stiff competition from Amazon, which began selling industrial tools this year.
The Hain Celestial Group Inc.58 South Service Rd.
Melville, 11747
Revenue: $1.13 billion
Net Income: $55 million
Stock symbol: HAIN (Nasdaq)
Industry: Natural and organic food and personal care products
Chief executive: Irwin D. Simon
Employees: 4,000 worldwide; about 250 on Long Island
Hain, the maker of products such as Earth's Best organic baby food and Terra Chips, has been riding the growing trend of health-conscious consumers buying organic and natural foods. The company, which has continued adding products and acquiring food brands and manufacturers, earned a record $24.1 million in its third quarter, up 43.7 percent from the same period in the prior year. Hain also boosted its earnings in the fourth quarter by 82.1 percent from a year ago, climbing to $23.4 million.
Kimco Realty Corp.
3333 New Hyde Park Rd.
New Hyde Park, 11042
Revenue: $1.05 billion
Net Income: $169 million
Stock symbol: KIM (NYSE)
Employees: 642, including 240 on Long Island
Industry: Real estate investment trust
Chief executive: David B. Henry
Kimco believes the shopping center industry is starting to recover after several rough years. The real estate investment trust has a stake in 926 neighborhood and community shopping centers in the United States, Canada, Puerto Rico, Mexico and South America. Its combined same-property net operating income rose by 1.7 percent in the second quarter compared with the same period in 2011. The industry "is getting healthier and more vibrant by the month," David B. Henry, the company's chief executive said in an interview. Even so, he said, small, locally owned retailers and those serving the middle of the market "are still struggling," and the country's fiscal problems and political uncertainty also cast doubt on the future.
Veeco Instruments Inc.
1 Terminal Dr.
Plainview, 11803
Revenue: $979 million
Net Income: $128 million
Stock symbol: VECO (Nasdaq)
Employees: About 900, with 300 on Long Island
Industry: High-tech manufacturing
Chief executive: John Peeler
After two years of strong growth, Veeco's sales have slowed in 2012. The Plainview-based company sells machines that build light-emitting-diode, or LED, chips used in flat-panel televisions, cellphones, street lamps and a growing list of other products. Sales surged following the recession, and Veeco had hoped to top $1 billion in annual revenue for 2011. But revenue slumped during the last three months of the year, as Chinese government subsidies caused LED manufacturers to overbuild there, leading to a drop in demand for Veeco's equipment. For 2012, the company is forecasting that revenue will slip to between $520 million to $560 million. For its next growth spurt, Veeco hopes to capture a larger share of the market for machines that produce LED lights for use at airports, shopping centers and other large facilities.
Footnote: Financial reports are counted as 2011 results if more than half the fiscal year occurred in 2011; so, for instance, annual results reported in March 2012 are considered 2011 results. Several companies have disclosed 2012 compensation and financial results.