IW US 500: Major Manufacturers of Electrical Equipment and Appliances (Slideshow)

A century ago, Westinghouse created a division to handle the shipping and distribution of its electrical equipment, and Wesco International was born. At that time, the company that became Diebold Nixdorf was already 63 years old. The magazine that will one day become industry week could have covered the Wesco news…in its 40th year in print.

The IW US 500 list of largest publicly traded manufacturing companies in the country has a strong mix of old and new with names such as Apple, Dell and Tesla taking the top spots. Even with the electrical equipment and appliances segment, Roomba maker iRobot makes the list. But the top 10 companies have 1,296 years of experience between them. Only three of the first 10 were founded in the 20th century, with the rest coming from the 19th.

And, like most manufacturers, they’ve done pretty well in 2021. The electrical and appliance sector recorded $194 billion in revenue and $4.4 billion in profit for a collective profit margin of 2.3%. And that low margin was almost entirely due to massive losses at list leader General Electric. Minus GE, the group made $120 billion in revenue and $10.9 billion in profit for a collective margin of 9.1%.

With most of these slideshows, we only offer one image per company. Due to the ages involved here, we use two – the first showing recent products or operations, the other from as far back as we could find images.

Rank Primary industry Last name 2021 turnover (in millions) Profit margin 2021 2021 net income (in millions) 2021 revenue growth
17 Electrical Equipment, Appliances General Electricity Company. $74,196 -8.79% -$6,520 -2.2%
62 Electrical Equipment, Appliances Whirlpool Corp. $21,985 8.11% $1,783 13.0%
78 Electrical Equipment, Appliances Emerson Electric Co. $18,236 12.63% $2,303 8.6%
79 Electrical Equipment, Appliances Wesco Int’l. Inc. $18,218 2.55% $465 47.8%
182 Electrical Equipment, Appliances Rockwell Automation $6,997 19.41% $1,358 10.5%
267 Electrical Equipment, Appliances Hubbell Inc. $4,194 9.53% $400 13.9%
268 Electrical Equipment, Appliances Lennox International Inc. $4,194 11.06% $464 15.4%
276 Electrical Equipment, Appliances Diebold Nixdorf Inc. $3,905 -2.02% -$79 0.1%
297 Electrical Equipment, Appliances AO Smith Corp. $3,539 13.76% $487 22.2%
302 Electrical Equipment, Appliances Acuity Brands Inc. $3,461 8.85% $306 4.0%
309 Electrical Equipment, Appliances Middleby Corp. $3,251 15.03% $489 29.3%
325 Electrical Equipment, Appliances Energizer Holdings Inc. $3,022 5.33% $161 10.1%
326 Electrical Equipment, Appliances Spectrum Brands Holdings Inc. $2,998 6.32% $190 14.3%
331 Electrical Equipment, Appliances EnerSys $2,978 4.82% $143 -3.6%
333 Electrical Equipment, Appliances Atkore Inc. $2,928 20.08% $588 65.9%
334 Electrical Equipment, Appliances Premier Solaire Inc. $2,923 16.03% $469 7.8%
364 Electrical Equipment, Appliances Belden Inc. $2,408 2.65% $64 29.3%
380 Electrical Equipment, Appliances Woodward Inc. $2,246 9.29% $209 -10.0%
392 Electrical Equipment, Appliances Edgewell Personal Care Co. $2,087 5.61% $117 7.1%
411 Electrical Equipment, Appliances John Bean Technologies Corp. $1,868 9.44% $176 8.1%
443 Electrical Equipment, Appliances Franklin Electric Co. Inc. $1,662 9.26% $154 33.2%
449 Electrical Equipment, Appliances iRobot Corp. $1,565 1.94% $30 9.4%
456 Electrical Equipment, Appliances SMART Global Holdings Inc. $1,501 1.42% $21 33.7%
462 Electrical Equipment, Appliances IPG Photonics Corp. $1,461 19.06% $278 21.7%
479 Electrical Equipment, Appliances SunPower Corp. $1,324 -2.83% -$37 17.7%
four hundred ninety seven Electrical Equipment, Appliances GoPro Inc. $1,161 31.97% $371 30.2%

Data provided by Looking for Alpha and S&P Global.