Calhoun-based Mohawk Industries has again made the Fortune 500 list of America’s largest corporations, based on revenues.
Mohawk is listed at 367, down from No. 328 a year ago.
Mohawk’s net sales in 2008 were $6.826 billion, a 10 percent decrease from 2007. The company will announce first-quarter 2009 earnings Friday.
The annual Fortune 500 list is available online at the magazine’s Web site. The maga-zine will go on sale April 27.
The magazine says 2008 was the worst ever for America’s 500 largest corporations in the 55-year history of the list.
Earnings dropped 84.7 percent from the previous year, from $645 billion to $98.9 billion, the largest one-year decline ever. (A larger percentage drop in 1992 is attributable mainly to an accounting law change, the magazine says.)
Exxon Mobil tops this year’s list with revenues of more than $442 billion and profits of more than $45 billion.
Exxon knocked Wal-Mart, with revenues of more than $405 billion and profits of $13.4 billion, down to No. 2.
The magazine says airlines lost 564 percent, more than any other industry. Food services companies – such as Darden Restaurants, which owns Longhorn Steakhouse, Olive Garden and Red Lobster – climbed 43 percent cumulatively, more than any other industry.
Of the 500 companies on the list, 15 are run by women.
Calhoun Times
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