Oregon adds two Fortune 1000 companies


Lithia Motors joins Nike and Precision Castparts as Fortune 500 companies.

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BY JACOB PALMER | DIGITAL NEWS EDITOR

Medford-based car dealership chain Lithia Motors has joined Nike and Precision Castparts as Fortune 500 companies.

The company improved its position from No. 602 last year to No. 482. It reported a 33 percent increase in revenue.

Lithia chief executive Bryan DeBoer said same-store sales at existing dealerships are up about 11 percent year over year. The rest of the revenue growth came via acquisitions, including the purchase of DCH Auto Group last fall — which brought 27 dealerships in Southern California, New York and New Jersey to a network that had been largely based on smaller markets where Lithia faced less competition.

“We added 12 more locations in addition to 27 in that large group last year,” DeBoer told The Oregonian/Oregonlive. “We think our model can fit well in those markets, as well.”

(SOURCE: OregonLive.com)

The Fortune 500 mainstays — Nike, Precision Castparts — both improved their positions as well: The sports apparel giant went from No. 115 to No. 106; Precision Castparts jumped 20 spots from No. 322 to No. 302. The latter reported a 13 percent increase in revenue.

Oregon companies to make the Fortune 1000 list: Nike, Precision, Lithia, StanCorp Financial Group, Schnitzer Steel Industries, Columbia Sportswear and Greenbrier. The last two are new Fortune 1000 companies.

Oregon last counted more than five companies on the list in 2012 when Portland General Electric claimed the No. 977 position, giving the state six list-makers. PGE fell of the list in 2013.

The Fortune 1000 consists primarily of publicly traded companies but also includes a handful of privately owned firms that disclose revenue. The top five remained the same year-over-year: Walmart, Exxon Mobil, Chevron, Berkshire Hathaway and Apple.

(SOURCE: Portland Business Journal)

StanCorp came in at No. 804.

Schnitzer was No. 853.

Greenbrier finished No. 948.

Columbia Sportswear appeared at No. 982.

 




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