Regional companies nab seven spots on latest Fortune 500 listing
Greater Cincinnati's roster of Fortune 500 companies held steady at seven, according to the latest listing by the business magazine.
The latest list marks the second time in a row the region has notched seven companies after nearly a decade of logging eight or nine firms. The region has seen the number of firms shrink in recent years, due to acquisitions from outside the area.
Fortune's annual ranking of the largest U.S. companies is based on the latest fiscal year's revenues recorded in a government filing. Here are the latest local companies to make the list:
• Kroger was No. 21, with $137.9 billion in sales.
• Procter & Gamble was No. 47, with $76.1 billion in sales.
• Cincinnati Financial, based in suburban Fairfield, was No. 367, with $9.6 billion in revenue.
• Western & Southern Financial Group was No. 372, with $9.4 billion in revenue.
• Fifth Third was No. 415, with $8.3 billion in revenue.
• American Financial Group was No. 454, with $7.5 billion in revenue.
• Cintas, based in Mason, was No. 470 with $7.1 billion in revenue.
The revenue cutoff to make the Fortune 500 list this year was nearly $6.4 billion with St Louis-based utility Ameren Corp nabbing the final spot.
Greater Cincinnati's heavy corporate presence has long been considered an economic asset, providing the region with tens of thousands of high-paying jobs and attracting strong entrepreneurial talent.
For the latest on Cincinnati business, P&G, Kroger and Fifth Third Bank, follow @alexcoolidge on Twitter.
This article originally appeared on Cincinnati Enquirer: Regional companies nab seven spots on latest Fortune 500 listing
