Wal-Mart Tops Fortune 500 List, Windstream Joins Ranks

by Stephanie Baker (stephanie@talkbusiness.net) 7 views 

Wal-Mart has been ranked No. 1 on the 2013 Fortune 500 list of largest U.S. companies ranked by revenue.

The Bentonville-based retail giant reclaimed the top spot from ExxonMobil. In fiscal year 2012, Wal-Mart posted revenues of $443.9 billion, a 5.9% gain.

Also, Little Rock-based Windstream Corp. joined the rankings for the first time at No. 414.

Other Arkansas firms on the Fortune 500 list include Tyson Foods (No. 93), Murphy Oil (No. 104), Dillard’s (No. 378), and J.B. Hunt (No. 486).

Windstream’s addition is a milestone for the seven-year old company, which now boasts revenues of $6.2 billion.

Windstream was formed in 2006 through the spinoff of Alltel Corp.’s wireline business and merger with VALOR Communications. At the time, the company operated in 16 states and had less than 24,000 miles of fiber and a handful of data centers.

Windstream has since completed eight acquisitions, expanding its operations to 48 states, and made nearly $4 billion in capital investments to drive organic growth.

Windstream’s local and long-haul fiber network today spans approximately 115,000 miles. The company has more than 200 business sales offices throughout the country and 23 data centers.

You can access the full list at this link.