Times 10: Bios of the ten largest public companies in Tampa Bay

TECH DATA CORP.

$25.4 billion, down 4 percent

One of the world's largest distributors of technology products, the Clearwater company is run by CEO Robert Dutkowsky and has 9,000 employees.

Financials for the year ended Jan. 31

Net income: $214.6 million, up 4 percent

Net income per share: $5.48, up 18 percent

Return on equity: 11 percent

Ticker symbol: TECD, Nasdaq

Friday close: $47.09

Biggest challenge: In a tight-margin business where every customer relationship is key, Tech Data is fighting a public relations embarrassment. For much of the year, the company has struggled to restate its earnings to correct "improprieties" in how its British subsidiary reflected vendor accounting. The probe, which could prompt multiple years of restatements, has delayed the company's earning releases so far this year as well as its annual meeting. The company has indicated its operating income may be adjusted downward by as much as $40 million in total.

CEO pay: No annual report or company proxy for the latest fiscal year has been filed yet.

JABIL CIRCUIT INC.

$17.2 billion, up 4 percent

Jabil is run by CEO Mark Mondello, who succeeded Timothy Main in March. The St. Petersburg company's 175,000 employees worldwide provide electronics design, manufacturing and product management services.

Financials for the year ended Aug. 31

Net income: $394.7 million, up 4 percent

Net income per share: $1.87, up 8 percent

Return on equity: 15 percent

Ticker symbol: JBL, NYSE

Friday close: $20.38

Biggest challenge: Jabil has been on a quest to diversify its customer base, moving beyond its core electronics business into industries such as health care, life science, pet care and even packaged goods through its recent acquisition of Massachusetts-based Nypro. It is juggling decisions over which manufacturing processes should remain in China or elsewhere overseas and which may be brought back to the Americas. This is also the year Jabil expects to decide on building a new headquarters in St. Petersburg.

CEO pay: (Timothy Main): $9.2 million, down 11 percent from prior year. Includes salary of $1.1 million, stock awards worth nearly $6.9 million and other compensation of $1.3 million.

WELLCARE HEALTH PLANS

$7.4 billion, up 21 percent

The Tampa managed care service provider has 2.7 million members and focuses on government-sponsored health care plans such as Medicare and Medicare. CEO Alec Cunningham oversees a workforce of 5,109.

Financials for the year ended Dec. 31

Net income: $185 million, down 30 percent

Net income per share: $4.22, down 31 percent

Return on equity: 12 percent

Ticker symbol: WCG, NYSE

Friday close: $55.55

Biggest challenge: WellCare is on the cusp of a big transformation as more states move to managed care solutions for low-income Medicaid recipients and more baby boomers age into Medicare. Its biggest challenge may be to manage its growth. Over the last three years alone, revenues have jumped from $5.4 billion to $7.4 billion, and it's expected to reach almost $9 billion this year.

CEO pay: $5.5 million, up 23 percent from prior year. Includes $970,000 in salary, $3 million in stock awards and $1.5 million in other compensation.

BLOOMIN' BRANDS

$4 billion, up 4 percent

The restaurant group owns Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar and Roy's, with 91,000 employees scattered about more than 1,450 restaurants in 48 states, Puerto Rico, Guam and 19 countries. The Tampa company, led by CEO Liz Smith, went public in Aug. 2012.

Financials for the year ended Dec. 31

Net income: $61.3 million, down 44 percent

Net income per share: 44 cents, down 53 percent

Return on equity: 37 percent

Ticker symbol: BLMN, Nasdaq

Friday close: $24.88

Biggest challenge: Implementing growth and productivity initiatives in the face of increasing competition from fast-casual restaurants and a weak casual dining market still recovering from the recession.

CEO pay: $24.5 million, nearly triple that of 2011. Includes salary of $941,552, a bonus of $22.4 million relating to the completion of the initial public offering, incentive pay of $932,137 and other compensation of $151,544.

RAYMOND JAMES FINANCIAL

$3.8 billion, up 15 percent

The St. Petersburg financial services company, run by CEO Paul C. Reilly, has 10,400 employees worldwide, including 6,200 financial advisers.

Financials for the year ended Sept. 30

Net income: $295.9 million, up 6 percent

Net income per share: $2.20, up less than 1 percent

Return on equity: 10 percent

Ticker symbol: RJF, NYSE

Friday close: $42.98

Biggest challenge: Raymond James has been pushing hard to brand itself as the top alternative to Wall Street brokerage firms. But a year after closing on its acquisition of Morgan Keegan, the company is still dealing with layoffs and other cost-cutting tied to its biggest-ever deal. CEO Reilly noted: "We can't control the markets and the economic environment in which we do business, so we have to focus on things we can control, like providing outstanding service and managing costs."

CEO pay: $4.2 million, down 2 percent from prior year. Includes salary of $432,500, bonus of $2.7 million and stock awards and options totaling about $1 million.

HSN INC.

$3.3 billion, up 6 percent

The St. Petersburg e-commerce company has 6,700 employees and sells home, fashion and beauty products through live TV broadcasts, its website and mobile applications. HSN, run by CEO Mindy Grossman, also owns the catalog company Cornerstone Brands and has brick-and-mortar outlet stores.

Financials for the year ended Dec. 31

Net income: $130.7 million, up 6 percent

Net income per share: $2.25, up 11 percent

Return on equity: 27 percent

Ticker symbol: HSNI, Nasdaq

Friday close: $53.72

Biggest challenge: Adapting to the new norm in retail that puts customers in the driver's seat and is defined by technology, social networks and mobility. HSN strives to create "boundary-less retail'' that combines content, community and commerce to engage consumers whenever and wherever they want to shop.

CEO pay: $5.6 million, about 9 percent less than 2011's $6.2 million. Includes salary of $1.2 million, stock appreciation rights and option awards of $3 million, nonstock incentives of $1.1 million and other compensation of $288,667.

TECO ENERGY INC.

$2.99 billion, down 7 percent

The Tampa power company operates subsidiaries Tampa Electric and People's Gas. Run by CEO John B. Ramil, the company provides electric and natural gas service to more than 1 million customers. TECO also mines coal in Kentucky and Virginia. It employees about 4,000 workers full-time.

Financials for the year ended Dec. 31

Net income: $212.7 million, down 22 percent

Net income per share: 99 cents, down 22 percent

Return on equity: 11 percent

Ticker symbol: TE, NYSE

Friday close: $17.19

Biggest challenge: "In our Tampa Electric business, we need to achieve a reasonable price increase to reflect increased cost pressures on many fronts for continued reliable service," says John Ramil, president and chief executive officer. "In our other businesses, we need a successful closing and integration of our New Mexico Gas Co. purchase. This transformational acquisition furthers our actions to remain a thriving, sustainable Tampa Bay-headquartered company."

CEO pay: $6 million, up 18 percent. Includes base salary of $750,000, stock awards worth $2.8 million, a $631,074 bonus and $1.8 million in pension and other compensation.

COTT CORP.

$2.25 billion, down 4 percent

The Tampa maker of soft drinks, juices and other beverages employs 3,960 and is led by CEO Jerry Fowden.

Financials for the year ended Dec. 28

Net income: $47.8 million, up 27 percent

Net income per share: 50 cents, up 25 percent

Return on equity: 8 percent

Ticker symbol: COT, NYSE

Friday close: $7.81

Biggest challenge: Cott is a small player in the highly competitive beverage industry, and big consumer shifts (like resistance to sugary drinks) could hurt demand. Cott's dependence on only a few big buyers also increases risk. Last year, 31 percent of revenue came from sales to Walmart.

CEO pay: $3.47 million, up 62 percent from prior year. Includes salary of $800,000, bonus of $1.03 million, stock awards of $1 million and $636,000 in other compensation.

BROWN & BROWN

$1.2 billion, up 18.3 percent

The insurer, with dual headquarters in Tampa and Daytona Beach, employs 6,438 and is led by CEO J. Powell Brown.

Financials for the year ended Dec. 30

Net income: $184 million, up 12.2 percent

Net income per share: $1.26, up 11.5 percent

Return on equity: 11 percent

Ticker symbol: BRO, NYSE

Friday close: $32.24

Biggest challenge: The insurer is just emerging from several years of a soft market, during which premium rates and customers declined. The firm has also had to compete with Florida's "insurer of last resort," Citizens Property Insurance Corp.

CEO pay: $1.97 million, down 39 percent from prior year. Includes salary of $565,000, bonus of $1.36 million and $53,000 in other compensation.

SYKES ENTERPRISES

$1.13 billion, up 4 percent

Tampa-based Sykes runs call centers in 20 countries, specializing in providing Fortune 1000 companies with services in the communications, financial, health care, leisure, technology and transportation fields. CEO Charles "Chuck" Sykes leads a workforce of 46,200.

Financials for the year ended Dec. 31

Net income: $28.4 million, down 41 percent

Net income per share: 66 cents, down 38 percent

Return on equity: 6 percent

Ticker symbol: SYKE, Nasdaq

Friday close: $15.76

Biggest challenge: Sykes has shed some overseas call center jobs as it figures out the customer demand for U.S.-based centers versus less expensive overseas options. It's also expanding more into home-based employees and grappling with the mobile revolution as companies look for partners that can best tap into and use new sources of vast customer data.

CEO pay: $3.1 million total, up 2 percent from prior year. Includes $625,000 in salary, $1.3 million in stock awards, $625,000 in stock options and $547,000 in other compensation.

Times staff writers Jeff Harrington, Susan Thurston, Drew Harwell, Jamal Thalji and Ivan Penn contributed to this report.

Ranked by revenue

Times 10: Bios of the ten largest public companies in Tampa Bay 06/29/13 [Last modified: Monday, July 1, 2013 2:54pm]

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