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A slow grow: total revenues reflect weak year for Top 50 privately held companies.

Arkansas Business' Top 50 privately held corporations reported total gross revenues of $8.7 billion in 1991.

That was a dismal 1 percent increase over total revenues for the previous year, reflecting a stagnant Arkansas economy in 1991. Total 1990 gross revenues for the Top 50 was about $8.6 billion.

The Top 50 enjoyed steady growth during the late 1980s, reflected in a total revenue increase of just more than 33 percent since Arkansas Business first published its list in 1988.

This year's Top 50 companies employ almost 54,000 people, a modest 2 percent increase over the previous year and another indicator of nominal growth.

The No. 1 company, Arkansas Best Corp. of Fort Smith, is the largest employer on the list with 10,600 employees. That contrasts sharply with most of the state's privately held corporations. Twenty-six of them employ 500 or fewer people.

Arkansas Best will not be on next year's list since it has gone public.

The regional distribution of the Top 50 shifted slightly from last year. The number of companies headquartered in central Arkansas declined from 26 to 24.

Northwest Arkansas is home to 16 of the Top 50 corporations, an increase of one from last year.

Despite a stagnant overall performance, several corporations reported substantial increases in gross revenues.

Based on estimated revenue figures, Little Rock's Dyke Industries Inc. increased revenues 76 percent in 1991.

Because of mergers and acquisitions that took place early in 1991, SF Services Inc. of North Little Rock and the McLarty Cos. of Little Rock saw increases in 1991 revenues of almost 60 percent each.
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Title Annotation:Arkansas Business Rankings
Author:Fleisch, Shelley
Publication:Arkansas Business
Date:Jul 20, 1992
Words:268
Previous Article:Longtime affiliation: Affiliated Food Stores Southwest of Little Rock ranks no. 3 on the Top 50.
Next Article:Arkansas' top 50 private companies.
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