The annual list of Oregon’s public companies


It was a strong year for overall revenue and profits, while the net number of companies remained the same and and total market value slipped.


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{safe_alt_text}It was a strong year for overall revenue and profits, while the net number of companies remained the same and and total market value slipped.

The revenue and income pictures were strong for this year’s top Oregon public companies, while total market value shrank.

Total revenues grew by 7% overall, and total net income grew 20.3% (although only 43 companies experienced revenue growth, compared to 51 last year). Total market value slipped by 1.7%. There was no growth in the number of public companies, either. From 1997 to 2005, the state has seen a net loss of 25 public companies.

Five companies left the list (and the state) for a variety of reasons. The biggest were Hollywood Entertainment Corp. (No. 5 last year), which was acquired by Alabama-based Movie Gallery in April 2005, and KinderCare Learning Centers (No. 10 last year), which was acquired in January 2005 by Knowledge Learning Corp, a subsidiary of the California-based Knowledge Universe. AB Holding Corp. was sold, and both Nano Chemical Systems and Oxis International moved their headquarters out of the state.

“We’re a medium-sized market at best,” says Scott Dawson, dean of Portland State University’s School of Business Administration, adding that he thinks it will always be difficult to recruit big companies to headquarter in the state.

And the near absence of IPOs? The costs associated with complying with Sarbanes-Oxley reporting requirements “have made many potential IPOs think long and hard before taking the plunge,” says Dawson. “At the same time, the equity market is huge and provides alternative forms of financing.” Dawson sees some sun on the horizon, though. He expects several companies in a number of different industries to go public within the next 18 months.

Five new companies joined the list this year. The biggest news was Portland General Electric, entering the list at No. 5. PGE was listed on the New York Stock Exchange in April following the bankruptcy settlement of its former parent, Enron.

The perennial gorilla on the list, Nike, saw its market value drop from $23.9 billion in 2004 to $22.5 billion in 2005. That drop comes on the heels of Nike’s growth spurt from $18 billion in 2003. But revenues rose 9% over last year, and income was up 15%.

The revenue picture was strong for other iconic and important Oregon companies, such as StanCorp Financial Group, Lithia Motors, Precision Castparts, Columbia Sportswear and Schnitzer Steel.

— The editors

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Go to alphabetical index, glossary of terms and footnotes…




Precision Castparts Corp.Diversified mfg.$6.9b
StanCorp Financial GroupInsurance$2.7b
Columbia Sportswear Co.Sportswear$1.8b
FLIR SystemsThermal imaging$1.5b
Umpqua Holdings Corp.Banking$1.3b
Oregon Steel MillsSteel$1.1b
Northwest Natural Gas Co.Utility$942.7m
Schnitzer Steel IndustriesSteel$932.3m
Precision CastpartsDiversified mfg.$350.6m
StanCorp Financial GroupInsurance$211.1m
Schnitzer Steel IndustriesSteel$146.9m
Columbia Sportswear Co.Sportswear$130.7m
Oregon Steel MillsSteel$110.0m
Blount InternationalCutting tools$106.6m
FLIR SystemsThermal imaging$90.8m
Umpqua Holdings Corp.Banking$69.7m
Paulson Capital Corp.Brokerage4
PW EaglePVC pipe mfg.4
Schnitzer Steel IndustriesSteel6
Blount InternationalCutting tools mfg.7
Williams ControlsElectronics8
Oregon Steel MillsSteel10
Albina Community BancorpBanking12
LaCrosse FootwearFootwear13
Lithia MotorsAuto sales13
StanCorp Financial GroupInsurance13
Mentor Graphics Corp.Software148
Monaco Coach Corp.RV mfg.148
TriQuint SemiconductorSemiconductors148
Merix Corp.Electronics140
Yocream InternationalFrozen desserts50
Corillian Corp.Internet banking45
McCormick & Schmick’sRestaurants29
Electro Scientific IndustriesElectronics26
RadiSys Corp.Electronics26
Rentrak Corp.Information mgmt.26
Williams ControlsElectronics1290.0%
PW EaglePVC pipe mfg.54.6%
Portland General Electric Co.Electric utilities40.0%
Schnitzer Steel IndustriesSteel25.3%
FLIR SystemsThermal imaging24.6%
Cascade BancorpBanking21.5%
Paulson Capital Corp.Brokerage21.4%
Schmitt IndustriesEquipment20.2%
Oregon Steel MillsSteel19.9%
Blount InternationalCutting tools mfg.23.4%
Williams ControlsElectronics22.4%
Schnitzer Steel IndustriesSteel20.7%
PW EaglePVC pipe mfg.20.0%
Schmitt IndustriesEquipment17.7%
Paulson Capital Corp.Brokerage15.4%
Columbia Sportswear Co.Sportswear13.5%
FLIR SystemsThermal imaging13.1%
Cascade Corp.Equipment mfg.11.6%