These are the top ten most profitable companies in Connecticut

Connecticut was primarily a manufacturing state and still has one of the most diversified manufacturing industries today. The state is known for manufacturing transportation equipment, including jet aircraft engines, helicopters, and nuclear submarines. The country also has an outstanding position in highly qualified and technical areas such as metal processing, electronics and plastics. Another industry that makes a significant contribution to government GDP is the insurance sector. Let’s take a look at the top ten most profitable companies in Connecticut.

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The Ten Most Profitable Companies in Connecticut

We used the latest earnings numbers available to rank the top ten most profitable Connecticut companies. The following are the top ten most profitable Connecticut businesses:

  1. WR Berkley (> $ 680 million)

It was founded in 1967 and is an insurance holding company that operates in property and casualty insurance. WR Berkley Corp (NYSE: WRB) stocks are up more than 15% year-to-date and over 1% in the past three months. The company had sales of over $ 8.1 billion in 2020, down from over $ 7.9 billion in 2019. WR Berkley is headquartered in Greenwich, Connecticut and employs more than 7,000 people.

  1. Stanley Black & Decker (> $ 955 million)

Founded in 1843, the company provides products and services for oil and gas and infrastructure applications, healthcare solutions, mechanical access solutions, and commercial electronic security and surveillance systems. Stanley Black & Decker, Inc. (NYSE: SWK) stocks are down more than 2% year over year and over 15% in the past three months. The company had sales of over $ 14.5 billion in 2020, up from more than $ 14.4 billion in 2019. Headquartered in New Britain, Connecticut, Stanley Black & Decker employs more than 59,000 Employee.

  1. Amphenol (> $ 1,150 million)

The company, founded in 1932, develops, manufactures and markets electronic components. Products include electrical, electronic, and fiber optic interconnect systems, coaxial and high-speed specialty cables, and more. Amphenol Corporation (NYSE: APH) stocks are up more than 13% year-to-date and over 5% in the past three months. The company had sales of over $ 8.6 billion in 2020, up from $ 8.2 billion in 2019. Amphenol is headquartered in Wallingford, Connecticut and employs more than 73,000 people.

  1. United Rentals (> $ 1,170 million)

The company, founded in 1997, offers equipment rental. It serves construction and industrial companies, homeowners, utilities, government agencies and manufacturers. United Rentals, Inc. (NYSE: URI) stocks are up more than 47% over the year and over 9% in the past three months. The company had sales of over $ 8.5 billion in 2020, down from over $ 9.3 billion in 2019. United Rentals is headquartered in Stamford, Connecticut and employs more than 19,000 people.

  1. Xerox Holdings (> $ 1,350 million)

Founded in 2019, the workplace technology company develops and integrates software and hardware for companies. Xerox Holdings Corp (NASDAQ: XRX) stocks are down more than 11% year over year and over 12% in the past three months. The company had sales of over $ 7 billion in 2020, down more than $ 9 billion in 2019. Xerox Holdings is headquartered in Norwalk, Connecticut and employs more than 27,000 people.

  1. Charter communications (> $ 1,660 million)

Founded in 1993, the company provides broadband communications services such as Spectrum Internet, Spectrum Voice and Spectrum TV. Charter Communications Inc (NASDAQ: CHTR) stocks are up more than 4% over the year, but are down more than 1% in the past three months. The company had sales of over $ 48 billion in 2020, up over $ 45 billion in 2019. Charter Communications is headquartered in Stamford, Connecticut and employs more than 95,000 people.

  1. Hartford Financial Services Group (> $ 2,000 million)

Founded in 1810, it is an insurance and financial services company. Hartford Financial Services Group Inc (NYSE: HIG) has the following businesses: Commercial Lines, Property & Casualty, Group Benefits, Commercial Lines, Personal Lines and Hartford Funds. The company’s shares are up more than 46% YTD and over 14% in the past three months. The company had sales of over $ 20.7 billion in 2020, up from more than $ 20.5 billion in 2019. Hartford Financial Service is headquartered in Hartford, Connecticut and employs more than 19,000 people.

  1. Synchrony Financial (> $ 3,700 million)

Founded in 2003, the company provides financial services to consumers. Synchrony Financial (NYSE: SYF) has the following businesses: Payment Solutions, CareCredit, and Retail Card. The company’s shares are up more than 43% YTD and over 4% in the past three months. The company had sales of over $ 12 billion in 2020, down more than $ 15 billion in 2019. Synchrony Financial is headquartered in Stamford, Connecticut and employs more than 16,000 people.

  1. Booking balances (> $ 4,800 million)

Founded in 1997, the company provides online travel and related solutions. Booking Holdings Inc (NASDAQ: BKNG) provides its services through the following brands: Priceline, Agoda, Booking.com, KAYAK, Rentalcars.com and OpenTable. The company’s shares are up more than 10% YTD and over 13% in the past three months. The company had sales of over $ 6 billion in 2020, down from over $ 15 billion in 2019. Booking Holdings is headquartered in Norwalk, Connecticut and employs more than 26,000 people.

  1. Cigna (> $ 5,100 million)

Founded in 1792, the company provides healthcare services worldwide. Cigna Corp (NYSE: CI) has the following businesses: International Markets, Group Disability, Evernorth, US Medical, and Other. The company’s shares are down more than 2% year-to-date and over 14% in the past three months. The company had sales of over $ 160 billion in 2020, up from over $ 153 billion in 2019. Cigna is headquartered in Bloomfield, Connecticut and employs more than 70,000 people.


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