ARIZONA NEWS

6 Valley companies represented in 2019 Fortune 500 list

May 26, 2019, 4:15 AM | Updated: May 28, 2019, 9:09 am
(Avnet Photo) (Flickr Photo/Sean Davis)...
(Avnet Photo) (Flickr Photo/Sean Davis)
(Flickr Photo/Sean Davis)

PHOENIX — Six Valley-based companies are listed in the 2019 Fortune 500 list, including two companies that rank in the top 200 in terms of revenue.

Phoenix-based Avnet and Freeport-McMoRan were the top-two ranking companies in Arizona that made the list. Avnet is technology solutions provider while Freeport-McMoRan is a mining and crude-oil production company based downtown.

Avnet was ranked No. 165 and Freeport-McMoRan was ranked No. 170 among the 500 companies.

The other four companies were Republic Services in Scottsdale, Magellan Health in Scottsdale, Insight Enterprises in Tempe and ON Semiconductor in Phoenix. All four companies ranked between No. 314 and No. 485. 

A chart that graphed the progression of Fortune 500 company’s rankings since 1995 showed that Avnet was the only Valley company that has made the list every year.

ON Semiconductor and Magellan Health were the most recent companies to be added to the list, making their first appearances in 2018.

In terms of profits, Avnet was the only Valley company to report a loss, totaling $0.16 billion. Freeport-McMoRan reported the highest profits in the state at $2.6 billion. Republic Services was the only other company to report more than $1 billion in profits with $1.04 billion.

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Arizona GOP gubernatorial candidate Kari Lake speaks to the media after voting on November 08, 2022...
KTAR.com

Defeated Republican Arizona gubernatorial candidate Kari Lake files election lawsuit

Kari Lake filed a lawsuit Friday claiming the number of illegal votes cast in Arizona's general election outnumber her margin of defeat.
20 hours ago
(Getty Images)...
KTAR.com

Arizona Sen. Kyrsten Sinema relieved by Brittney Griner’s release from Russian prison

Arizona Sen. Kyrsten Sinema said she is not in a place to criticize the Brittney Griner-Viktor Bout exchange and is happy Griner is home.
20 hours ago
(Twitter Photo/Abraham Hamadeh)...
KTAR.com

Republican Arizona AG candidate Abe Hamadeh files another election lawsuit

Republican Arizona Attorney General candidate Abe Hamadeh filed another election lawsuit Friday, asking for another look on his race.
20 hours ago
(AP Photo/Matt York)...
SuElen Rivera

Maricopa County recorder proposing ways to speed up vote count

Maricopa County Recorder Stephen Richer said he planning to propose changes to Arizona election laws that would speed up the vote count.
20 hours ago
A cold and flu medicine shelf is empty in a CVS pharmacy on Dec. 6, 2022, in Burbank, California. (...
Associated Press

Maricopa County health officials warn about spread of flu, COVID, RSV

Arizona's most populous county is warning of a significantly rise in cases of the flu, COVID-19 and other respiratory illnesses.
20 hours ago
(AP Photo/J. Scott Applewhite)...
Marcia Hammond

‘Political earthquake’: Arizona experts weigh in on Sen. Sinema jumping ship to independents

Two Arizona political strategists said U.S. Sen. Kyrsten Sinema's switch from the Democratic Party to independent status took courage but only time will tell whether it hurts her career.
20 hours ago

Sponsored Articles

(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
...
SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
...
Day & Night Air Conditioning, Heating and Plumbing

Here are 4 signs the HVAC unit needs to be replaced

Pool renovations and kitchen upgrades may seem enticing, but at the forefront of these investments arguably should be what residents use the most. In a state where summertime is sweltering, access to a functioning HVAC unit can be critical.
6 Valley companies represented in 2019 Fortune 500 list