Business is booming in Washington, as a careful study of this year's annual survey of top area enterprises will show. The Washington Post's annual report on these businesses has been expanded this year to 50 corporations and quasi-government operations from 40 in recent years.
The growth of the annual survey merely reflects the growth of the private sector in the Washington area. While the federal government remains dominant, the percentage of government workers in the regional payroll is declining. Several of the companies on this year's list are the subject of takeover battles and mergerbids. A significant percentage of the Top 50 had record earnings in the most recent year.
Companies listed here have headquarters in the area and are the largest firms in terms of assets, revenues, employes or influence within their economic sector. Annual financial figures are for calendar 1977 unless otherwise noted. If a company is traded publicly, its exchange is listed in parentheses - NYSE for New York Stock Exchange, Amex for the American Exchange, P for Philadelphia and OTC for over the counter. Utilities
Chespeake & Potomac Telephone Co.
Description: Four companies, wholly owned by American Telephone & Telegraph Co., serving D.C., Maryland, Virginia and West Virginia, with a central corporate office in Washington.
1977 Revenues: $1.98 billion.
Profits: $256.9 million.
Assets: $4.85 billion.
Dividends: $200.2 million (to AT&T).
Top Executive: Samuel Bonsack, president.
C&P's only outstanding major rate case is in West Virginia, where the firm recently asked for a $37.1 million boost. The firm won a $40.5 million rate increase in Virginia last year and $28.2 million in Maryland, followed by a reduction of less than $2 million. The firm is seeking to time messages in Virgina and charge according to use. Potomac Electric Power Co.
Description: Electric utility serving D.C, a tiny portion of Arlington Country in Virginia (which includes the largest single customer point, the Pentagon), the populots Maryland suburbs and, through sales to a cooperative Southern Maryland (NYSE,P)
1977 Revenues: $664.4 million.
Profits: $84.9 million ($1.82 a share)
Assets: $2 billion.
Dividends: $64.1 million ($49.7 million on common stock, or $1.28 a share, since raised to $1.34 a share on an annual basis)
Top Executive: W. Reid Thompson, chairman and president.
Earnings per share increased 5.8 percent for Pepco last year, during a period in which perhaps the most significant development was an independent management audit by the accounting firm of Ernst & Ernest, ordered by the D.C. of public Service Commission. The conclusion: Pepco is well managed.
%Washington Gas Light Co.
Description: Utility that provides natural gas service to metropolitan Washington, and through subsidiaries, to Frederick, Md, and the Shenandoah Valley of Virginia and West Virginia (NYSE, P)
1977 Revenues: $320.6 million.
Profits: $16.18 million ($3.04 a share).
Assets: 4466 million.
Dividends: $12 million ($9 million for common stock, or $2.08 a share, since raised to $2.28 a share annually).
Top Executives: Paul Reichardt, chairman: Donald Heim, president.
As a first step toward increasing its customer base for gas sales, after a moratorium that last six years and helped cause a decline in actual volume, WGL plans to add some 10,600 residential and small commercial customers over the next two years.
Description: One of the two major rail-road systems in the southeastern U.S., a prime growth market, with routes through 13 states from D.C. to Atlanta and the Mississippi River and major gateways, or exchanges with connecting lines, in Memphis, New Orleans, Louisville and St. Louis (NYSE).
1977 Revenues: $1.14 billion.
Profits: $107 million ($7.04 a share).
Assets: $2.4 billion.
Dividends: $41 million ($2.53 a share on common since raised to $2.60 annually).
Top Executive: L.Stanley Crane, president and chief executive officer.
Southern had more than $100 million in net income for the first time in 1977, a record year. Allegheny Airlines
Description: The nation's sixth largest domestic passenger airline in terms of riders, based at National Airport (Amex, P).
1977 Revenues:$492.7 million.
Profits: $16.4 million ($2.62 a share).
Assets: $312.7 million.
Employes: About 8,000.
Top Executive: Edwin Colodny, chairman and president.
Allegheny introduced a number of discount air fares in1977. The firm also bough 11 Boeing 727s for delivery in 1978 and 1979. Industrial, Food, services Martin Marietta Corp.
Description: Diversified manufacturing company engaged in aerospace, cement, aluminum, chemicals and construction aggregates in 35 states and 11 foreign countries;NYSE)
1977 Revenues: $1.44 billion.
Profits: $102.1 million ($4.03 a share, diluted)
Dividends: $35.7 million ($1.50 a share, since increased to $1.60 a share annually).
Founded: 1961, by the consolidation of two older firms, American-Marietta (founded 1913) and the Martin Co.(1909)
Top Executives: J.Donald Rauth, chairman and chief executive, Thomas Pownall, president.
Record levels of earnings and sales last year have continued in early 1978 as Martin Marietta pursues an accelerated program of internal expansion of established business. United Nuclear Corp.
Description: The nation's largest independent producer of uranium, based in Falls Church (NYSE)
Revenues: (Year ended March 31, 1978): $255 million.
Profits: $318 million (
Dividends: $1.9 million (an initial payout of 20 cents a share in March).
Employes: 4,8000.(FOOTNOTE)ounded: 1962 as successor to company started in 1954.
Top Executive: Keith Cunningham, president.
Unc is still in the midst of court battles over previous uranium supply contracts with General Atomic, a Gulf Oil-Shell partnership. Mars Inc.
Description: One of the largest privately held international food and confectionary concerns, with subsidiaries that manufacture Milky Way, Snickers, Mars, Three Musketeers and M & M Candies, Uncle Ben's Rice and Kal Kan dog food.
1977 Revenues: Estimated at up to $1 billion.
Profits: Unknown, but reportedly healthy.
Assets: Plants, equipments in at least five states and four foreign countries - Britain, Australia, West Germany and the Netherlands.
op Executives: A company secret.
Secrecy surrounds this company, which has an office in McLean that the Mars counsel describes as very small. Fairchild Industries
Description: An Aerospace company based in Germantown, in Montgomery Country, which also is engaged in domestic satellite communications and real estate development.(NYSE)
1977 Revenues: $399 million.
Profits: $9.6 million ($1.77 a share, diluted)
Assets: $207.4 million.
Dividends: $1.7 million (37.50 cents a share since increased to 70 cents a share annually through several consecutive quarterly boosts).
Top Executives: Edward Uhl, chairman and chief executive; John Dealy, president.
Perhaps the most significant figure in Fairchild's future is not included in the standard data above-the company's contract backlog that totaled more than $1 billion on Dec. 31. Fairchild profits and sales are winging upward on the strength of the company's contracts to build A-10 close Air support fighters for the U.S. Air force. Dynalectron corp.
Description: Diversified electrical engineering, contracting, aviation services and energy firm (Amex)
1977 Revenues: $285.2 million. (KEY OFF) rofits: (KEYWORD) $2.7 million (38 cents a sharel
Assets: $106 million.
Dividends: $407,000 (60 cents a share on preferred, 6 cents on common; since increased to 70 cents and 7 cents, respectively
Top executive: Jorge Carnicero, chairman Charles Gulledge, president and chief executive.
Dynalectron had an unbilled backlog at the close of 1977 totaling $219 million and Gulledge has forecast higher profits in 1978.
Revenues in 1977 were record. Pargas Inc.
Description: A Waldorf, Md distributor of liquefied petroleum gas (LP) and LP utilization and storage equipment, with subsidiaries engaged in coal mining (NYSE)
1977 Revenues: $149 million.
Profits: $7.15 million.
Assets: $131 million.
Dividends: $6.9 million ($1.93 a sharel)
Top Executive: William Hill, chairman. Planning Research Corp.
Description: World's largest diversified professional services firm, with planning, engineering, architecture, information and consulting services to business and government (NYSE)
Revenues: $149 million.
Profits: $7.15 million.
Assets: $131 million.
Dividends: $6.9 million ($1.93 a share).
Revenues:(Year ended June 30, 1977):$185.5 million
Profits: $3.86 million (60 cents a share).
Assets: $104 million.
Top Executives: Kenneth Poovey, chairman John Toups, president and chief executive.
PRC's top management changed in the past yaear and its earnings per share jumped 29 per cent in the recently concluded third quarter. Atlantic Research Corp.
Description: An Alexandria-based, high-technology firm engaged in rockets and gas generators, telecommunications, data communications, test equipment and chemical research techniques. The firm is owned by employes.
1977 Revenue: $32.7 million.
Profits: $1 million.
Assets: $10 million.
Top Executive: Coleman Raphael, president. Quasi-Government
hree major Washington businesses are government creations and they all are currently in the center of bitter controversies about their future. U.S. Postal Service
Largest of the three is the Postal Service, which many people contend has become too business-subsidized service they would prefer to move the mails. But federal budge officials don't want additional subsidies to swell the deficit.
Begun in 1971 as a successor to the old Post Office Department, the Postal Service faces an array of challenges that looks almost impossible to surmount: the necessity of reaching agreement this year with postal workers on new labor contracts, keeping mail volume up in the wake of higher rates that took effect electronic message transfer needs of the future, and balancing its budget.
1977 Revenues: $13 billion (Year ended Sept. 30, 1977) from mail operations.
Net Loss: $688 million, counting government appropriations of $1.7 billion.
Assets: $12.3 billion.
Founded: 1971, as successor to the Post Office Department, which began in the English Colonies in 1692.
Top Executive: William Bolger, postmaster general, a career postal officer who replaced Benjamin Bailar. National Railroad Passenger Corp. (Amtrak)
As Amtrak's deficit continues to mount, the Department of Transportation has called for a vast overhaul of the system that would eliminate one-third of its route miles. Congressional opposition is anticipated and no such cutbacks will be a requirement for more subsidies to keep all the trains running, and the administration does not favor such extra funds.
1977 Revenues: $311 million (19.2 million passengers), (year ended Sept. 30, 1977).
Net Loss: $536 million (not counting federal operating subsidies and grants).
Assets: $1 billion.
Founded: 1971, as successor to most private rail passenger operations in service at that time.
Top Executive: Alan Boyd, president, who recently replaced Paul Reistrup after Reistrup became dissatisfied with the Carter administration's policies (or lack of them) about Amtrak's future role. Federal National Mortgage Association
The long-standing feud between this corporation (nicknamed Fannie Mae), which supports a secondary market for home mortgages, and the Department of Housing and Urban Development has become a war for control of FNMA lending policies and attention to public policy. HUD has proposed tough new regulatory controls over Fannie Mae and will publish the final regulations this summer. The company's chairman has suggested compromise is in order and if that fails, a lawsuit to block HUD's action can be expected.
Revenues: $2.7 billion.
Profits: $165 million ($2.77 a share, diluted)
Assets: $34 billion (mostly a portfolio of home mortgages).
Dividends: $52.6 million ($1) a share since increased to $1.16 a share annually).
Founded: 1938 (as a government agency which became a private firm in 1970.
Top Executive: Oakley Hunter, chairman and president. Finance, Insurance Riggs National Bank
Description: Washington's largest commercial bank and owner of the region's largest credit card business, Central Charge Service (OTC)
1977 Revenues: $121.2 million.
Profits:$15.264 million ($5.13 a share).
Assets: $2.07 billion.
Dividends: $6.5 million ($2.20 a share, since boosted to $2.40 annually).
Employes: 1,950 (including Central Charge).
Top Executives: Vincent Burke Jr, chairman; Daniel Callahan 3, president.
Total assets of Riggs surpassed $2 billion for the first time last year as the traditionally conservative institution became more aggressive in seeking regional commercial business and local consumer, or retail, loans. The stragegy paid off as loan volume jumped 17 1/2 percent to $844 million. Financial General Bankshares Inc
Description: A holding company which operates 10 banks concentrated in Washington, northern Virginia and Maryland, and three banks in New York State and Tennessee. Total assets of its area banks ($1.76 billion at the end of 1977) rank it second to Riggs in the D.C. area (Amex).
1977 Revenues: $123.9 million.
Profits: $10.7 million ($1.71 a share).
Banking assets: $2.2 billion.
Dividends: $2.4 mil(39 cents a share on common stock, now 40 cents).
Top Executives: B.Francis Saul, chairman; J. William Middendorf 2, president and chief executive officer.
Financial General Has begun creating a "family of banks" by merging its three Northern Virginia banks into First Amercian Bank of Virginia, a name that will be applied eventually to other banks and the parent holding company. Amercian Security Corp.
Description: Holding company for Amercian Security Bank based in D.C., with travel, real estate, and insurance operations (OTC)
1977 Revenues: $58.9 million.
Profits: $17.6 million ($7.24 a share).
Dividends: $6.8 million ($2.80 a share).
Top Executives: Carleton M. Stewart, chairman;W.Jarvis N Moody, president.
A three-for-two stock split was effective April 28, and the quarterly cash dividend rate is now 50 cents a share, equivalent to the 75-cent established in the first quarter this year before the split. Suburban Bancorporation
Description: Holding company for Suburban Trust Co. of Hyattsville, fourth largest bank in Maryland with more than 60 branches; Thurmont Bank in north-central Maryland and Peoples National Bank of Hancock, in Western Maryland. An agreement to buy Free State & Trust in Potomac is awaiting government regulatory scrutiny (OTC)
1977 Revenues: $79.6 million.
Proftis: $11.2 million ($2.55 a share).
Assets: $5.7 million ($1.30 a share)
Top Executive: Robert Tardio chairman and president.
Earnings were at a record level last year, as Suburban assets topped $1 billion for the first time. Suburban Trust is moving rapidly into the era of electronic banking with some two dozen automated teller machines. First Virginia Bankshares Corp.
Description: A Falls Church firm that is the largest bank holding company in Northern Virginia, owning 20 banks with 163 offices throughout the commonwealth. Its largest operation is First Virginia Bank (NYSEP).
1977 Revenues: $100.5 million.
Profits: $102 million.
Assets: $1.3 billion.
Dividends: $4.6 million (45 1/2 cents share).
Top Executive: Ralph Beeton, chairman; Thomas Malone Jr., president.
The firm soon will change its name to First Virginia Banks Inc. and is negotiating a merger with Bank of Warrenton. Perpetual Federal savings & Loan Association
Description: Largest thrift institution in the Washington area and 50th largest in the nation, with 11 offices in the city and suburban Maryland, and plans for 3 more in D.C. and 1 in Maryland. A mutual institution, it is owned by its depositors. Figures as of April 30:
Assets: $974 million.
Deposits: $796 million.
Mortgage Loans: $874 million.
Top Executives: Thornton Owen, chairman; Thomas Owen, president.
Perpetual has begun a direct challenge to government policy that prohibits new branching across state lines (the S&L's four Maryland branches were opened before that ban was started), by applying for a new branch in Gaithersburg. National Permanent Federal Savings & Loan Association
Description: Second largest of more than 60 area thrift institutions, with 11 offices. National Permanent also is a mutual association. As of April 30:
Assets: $652 million
Deposits: $534 million.
Mortgage Loans: $575 million.
Top Executives: John Stadtler, chairman; Thomas Walsh, vice chairman; Edgar Peterson, president. Navy Federal Credit union
Description: World's largest credit union, a burgeoning sector of the financial services industry that represents more of a challenge to banks and thrift institutions every day. Navy FCU has 60 business locations around the globe (including mobile unit stops) where loans and withdrawals are made. Nine of the credit union's facilities are in the D.C. area.
Dividends: $7.9 million.
Savings: $521.7 million.
Assets: $665.1 millions
Loans: $547.6 million.
Top Executive: Vice Adm. Vincent Lascara, president.
Navy FCU is gearing up to begin making residential mortgages for the first time this fall; projected volume is $9 million for the Pilot Project. National Rural Utilities Cooperative Corp.
A financing cooperative, organized by rural electric systems throught the U.S. to provide themselves with an independent source of loan funds.Members include 840 cooperatively owned rural electric distribution and power supply systems and 48 state, regional or national organizations. CFC members provide electricity to 26 million consumers in 46 states.
1977 Revenues: $63.6 million.
Net Margin to CFC Members: $5.9 million.
Loan Volume Outstanding: $1.075 billion.
Capitalization: $1.145 billion.
Top Executive Governor J.K. Smith.
CFC has become a $2 billion-a-year lending institution and is building a new headquarters in georgetown.
%Government Employees Insurance Co, Affiliates
Description: Geico is the centerpiece of this insurance and finance groups, one of the nation's largest automobile insurers and the largest auto insurer in the D.C. area. Three affiliates, which remain as separate firms although Geico has purchased significant stock interests in them, are: Criterion, selling auto insurance to drivers who are higher risks; Government Employees Financial Corp, a consumer finance firm based in Denver (OTC).
Figures below are for the flagship, Geico:
1977 Premiums: $463.6 million.
Policies in Force: 1,535562 (1,265,240 on autos, the balance on homes and boats).
Revenues: $505.2 million.
Profits: $53.6 million ($1.7 per share, diluted).
Assets: $990 million.
Dividends: $6.6 million ($500,000 on common stock, or 3 cents a share: since increased to 20 cents a share annually).(END FOOT)mployes: 5,339 (down 27 percent from the end of 1975).
Top Executives: John Byrne, chairman of Geico.
After the years of "terror" in 1976, when Geico evaded evaded bankruptcy with the aid of an industry reinsurance program, last year was one of record profits. International Bank
Description: It's not a commercial bank but a "merchant bank," an unusual business in America. Among its diversified operations are investments in insurance firms, manufacturing, overseas banks and ship registration (OTC).
1977 Revenues: $16.3 million.
Profits: $9.25 million ($1.30 a share).
Assets: $131.7 million.
Dividends: $2 million (27 1/2 cents a share on common and class A common, since boosted to 30 cents annually).
Employes: 23,000, including subsidiaries.
Top Executives: George Olmsted, chairman and chief executive; Josef Tressler, president.
After years of negotiations with the Federal Reserve Board, IB has severed all ties to domestic commercial banking and is free to expand. Equitable General Corp.
Description: A McLean holding company for Equitable Life Insurance Co., and the target of various bids for its outstanding shares in recent months (OTC).
1977 Sales: $224 million.
Policies in Force: $1.37 billion.
Revenues: $47 million.
Profits: $10.5 million ($3.26 a share).
Dividends: $2.3 million (72 cents a share, since boosted to 92 cents annually).
Employes: 800 plus 250 independent agents.
Founded: 1973, succeeding insurance firm founded in 1885.
Top Executive: Charles Phillips, president.
Faced with offers from several companies, Equitable has entered an agreement to merge into Great Southern Corp. of Houston. Stockholders and regulatory agencies still must approve. American Finance Systems
Description: Silver Spring holding Company of one of the largest consumer finance, or small loan, businesses in the nation. AFS has 370 offices in 23 states (NYSE, P).
1977 Revenues: $84 million.
Profits: $6.2 million ($1.17 a share).
Receivable loans: $350 million.
Top Executive: M. L. Goeglein, chairman.
Stockholders of AFS have approved a merger into Security Pacific Corp., of Los Angeles. Acacia Mutual Life Insurance Co.
Description: A Washington life insurance firm that ranks amond the top 5 percent of all U.S. life companies in terms of assets and policies in force.
Assets: $719 million.
Policies in Force: $3.9 billion.
Dividends to Policyholders: $17.4 million.
Top Executive: Daniel Hurson, chairman and president. Communications, Publishing The Washington Post Co.
Description: Owner of The Washington Post, Trenton (N.J.) Times, Everett (Wash.) Herald, Newsweek magazine; four TV stations and one radio station, including WTOP AM-TV; the Washington Post Writers Group; with interests in Robinson Terminal Warehouse Co., Alexandria (85 percent), Bowater Mersey Paper Co. of Canada (49 percent), International Herald Tribune of Paris (30 percent), and Los Angels Times/Washington Post News Service (50 percent) (Amex).
1977 Revenues: $436 million.
Profits: $35.5 million ($4.18 a share).
Assets: $279 million.
Dividends: $3 million (36 cents a share, since increased to 60 cents a share annually).
Top Executives: Katherine Graham, chairman; Mark Meagher, president.
The Washington Post newspaper celebrated its 100th birthday last year, and its parent company reported record sales and profits in all divisions. Communication Satellite Corp.
Description: Comsat and its subsidiary, Comsat General Corp., are engaged primarily in providing international, maritime, and U.S. domestic communications satellite services (NYSE).
1977 Revenues: $168 million.
Profits: $32.5 million ($3.27 a share).
Assets: $597 million.
Dividends: $11 million ($1.10 a share, since increased to $2 a share annually).
Top Executive: Joseph Charyk, president.
Comsat celebrated its 15th birthday earlier this year and later had cause for more celebration when it reached a settlement to ling-standing controversies with the Federal Communications Commission about international rates. MCI Communications Corp.
Description: Specialized intercity telephone and data communications firm providing long-distance telecommunications services to business in competition with American Telephone & Telegraph Co. (OTC).
Revenues (year ended March 31, 1978): $74 million.
Profts: $5.2 million (23 cents a share).
Assets: $161 million.
Top Executive: William McGowan, chairman and chief executive.
Having won a series of court tests, permitting MCI to offer a shared-private-line intercity service called Execunet (AT&T compares it with normal interstate telephone long distance, for which it has had an FCC monopoly), the firm is preparing to battle the rates AT&T has proposed for connections to its network for city-to-city connections. Pubco Corp.
Description: A Glenn Dale, Md., holding company for five printing companies and one publishing company, including Merkle Press and Byron Adams locally (OTC).
1977 Revenues: $48.4 million.
Assets: $29.1 million.
Top Executive: Charles Lockyer, president.
Pubco has ended previous diversification to concentrate on the businesses it knows best, printing and publishing. The Bureau of National Affairs
Washington publisher of legal, economic, labor, tax, financial, environment, safety, and energy information for business and professional users. The company is entirely owned by its employes.
1977 Revenues: Estimated at $60 million.
Top Executive: John Stewart, president.
BNA's 40 looseleaf publications, of which Law Week is the best known, detail current events and decisions of state and federal governments to 150,000 subscribers. Retailing Giant Food Inc.
Description: Regional food retailer with 115 supermarkets and 88 other stores concentrated in a market stretching from Baltimore to Tidewater Virginia. Giant's operations now include 41 in-store pharmacies, 28 Pants Corrals, 10 optical centers, 3 garden centers and a gas station (Amex).
Revenues: $992 million (year ending Feb. 28, 1978).
Profits: $9.8 million ($4.14 a share).
Assets: $214 million.
Dividends: $3.8 million ($1.28 a share).
Top Executives: Joseph Danzansky, chairman: Israel Cohen, president.
Giant, one of the two largest local food retailers (Safeway is the main competitor), pulled out of the highly competitive discount store business in the past year to concentrate on its successful food stores. Peoples Drug Stores Inc.
Description: Major regional drug store chain, operating stores in nine states and the District of Columbia under the names Peoples, Lane, Reed, Lee, Schuman, Dynamic Discount and Health Mart (NYSE).
Revenues: $366 million (year ended Sept. 30, 1977).
Profits: $4.5 million ($1.25 a share).
Assets: $100.3 million.
Dividends: $729,000 (20 cents a share).
Employes: 8,500 (3,485 in D.C. area).
Top Executives: Adrian Israel, chairman; Sheldon Fantle, president and chief executive.
Since its merger with Lane, Drug Peoples has moved toward centralized management of the widely diversified drug store empire. Garfinckel, Brooks Brothers, Miller & Rhoads Inc.
Description: Retailing conglomerate with 192 stores in 8 chains: 7 Garfinckel's (and a new one planned for Georgetown), 18 Brooks Brothers, 21 Miller & Rhoads, 11 Miller's, 27 Joseph R. Harris, 8 Harzfield, 26 Ann Taylor and 74 Catherine's Stout Shoppes (NYSE).
Revenues: $330.1 million (year ended Jan. 28, 1978).
Profits: $21.48 million ($2.61 a share).
Assets: $183 million.
Dividends: $4.4 million ($1.04 a share).
Top Executive: David Waters, chairman and chief executive.
The corporate goal of sales of $600 million by 1982 was boosted by acquistion in September of Ann Taylor (annual sales, $17 million) and at year end of Catherine's Stout Shoppe (sales, $23 million). Woodward & Lothrop
Description: Washington department store company, second only to Sears, Roebuck & Co. in total sales in the metropolitan area, with 13 department stores and a warehouse sales center (OTC).
Revenues: $249 million (for year ending Jan. 29, 1978).
Profits: $22.7 million ($4.72 a share).
Assets: $168 million.
Dividends: $4.148 million ($1.70 a share).
Top Executives: Edwin Hoffman, chairman: Waldo Burnside, president.
Although increased competition slowed Woodies' sales growth rate to 3.2 percent last year and cut earnings by $350,000, the chain remains one of the most profitable retailers in the country, earning 4.6 percent on sales. Drug Fair Inc.
Description: Regional drug chain with 167 stores in the District of Columbia, Maryland, Virginia, West Virginia and Pennsylvania (Amex).
Revenues: $229.4 million (year ended June 30, 1977).
Profits: $2.9 million ($1.65 a share).
Assets: $60 million.
Dividends: $640,000 (40 cents a share).
Top executives: Myron Gerber, chairman; Milton Elsreg, president.
Drug Fair is expanding its optical centers and has launched a mini-chain of ice cream parlors called Scoops. Dart Drug Corp.
Description: Regional diversified drug store chain with 75 units in the District of Columbia, Virginia, Maryland, West Virginia, Pennsylvania and Delaware (OTC).
Revenues: $154.2 million (10 months ended Jan. 31, due to change in fiscal year).
Assets: not available.
Dividends: $125,000 (10 cents a share).
Top Executive: Herbert Haft, president.
Dart's approach to home improvements merchandising has shifted from free-standing Dart Home stores to unique drug storehome center combinations. Hechinger Co.
Description: Hechinger calls itself "the world's most unusual lumber yards" and others say the 19 stores are one of the most successful regional home improvement chains (OTC).
Revenues: (Year ended January 1978): $92.6 million.
Profits: $2.5 million (92 cents a share).
Assets: $32.5 million.
Top Executives: Richard England, chairman; John Hechinger, president.
Expanding out of its Washington home base, Hechinger opened stores in Newport News, Va., and suburban Baltimore last year. Hotels, Food Service Marriott Corp.
Description: From the first root beer stand, Bethesda-based Marriott has grown into a billion-dollar business, with hotels, restaurants, airline food service, cruise ships, and two amusements parks (NYSE).
Revenues: $1.026 million (year ended July 30, 1977).
Profits: $36 million (99 cents a share).
Assets: $871.9 million.
Dividends: After years of paying out only stock dividends, Marriott last fall began paying a cash dividend of 3 cents a quarter. Checks going out next week will bring the total so far this year to 9 cents a share.
Employes: 61,700 (including seasonal).
Top executives: J. Willard Marriott, chairman; J. W. Marriott Jr., president and chief executive officer.
Theme parks are out of Marriott's corporate growth strategy, and managing hotels owned by other investors is in. The Macke Co.
Description: Food vending and company cafeterias are the main business, but Cheverly-based Macke also runs building maintenance services and coin-laundry facilities, sells office furniture through D & F and is now entering the restaurant business (NYSE).
Revenues: $205 million (year ended Sept. 30,1977).
Profits: $3.9 million ($1.20 a share).
Assets: $89 million.
Dividends: $1.13 million (37 cents a share).
Top executives: Meyer Gelfand, chairman; Joseph Kingrey, president. Quality Inns International
Description: From its Silver Spring headquarters, the Quality Inns network extends to 300 company-owned and franchised hotels, and lodges with more than 31,000 rooms in the U.S., Canada, Europe and, soon, Mexico (OTC).
Revenues: $52.5 million (year ended Aug. 31, 1977).
Net Loss: $1.13 million.
Assets: $83.8 million.
Top executive: Joseph McCarthy, president.
Working its way back from the brink. Quality Inns has cleaned up its act, unloading problems, including a German operation, that produced currency translation losses and kept the company in the red. Building The Rouse Co.
A Columbia real estate development and management firm with subsidiaries engaged in investment and mortgage banking services. 30 retail shopping centers (2 opened in 1977)(OTC).
1977 Revenues: $84 million.
Profits: $8.2 million before noncash charges, or a net of $5.6 million (42 cents a share).
Dividends: None; now paying 20 cents a share annually.
Employes: 485 (parent firm alone).
Top Executives: James Rouse, chairman; Mathias DeVito, president. Rouse will retire next year. B.F. Saul REIT
Description: A Chevy Chase real estate investment trust (NYSE. P).
Gross Income: (Year ended Sept. 30, 1977) $38.5 million.
Loss: $8.5 million.
Assets: $287 million.
Top Executive: B. Francis Saul II, chairman of trustees. George Hyman Construction Co.
Description: Private Washington firm engaged in heavy and commercial construction on a national basis - offices, industrial, waste water treatment plants, hospitals.
1977 Gross Contracts: $304 million.
Assets: $100 million.
Top Executives Benjamin Rome, chairman; A. James Clark, president. Rozansky & Kay Construction Inc.
Description: Real estate construction and development firm, builder of office buildings and apartments and recently the purchaser of the Rockefeller estate on Faxhall Road NW for high-priced residential building. A private firm.
1977 Total Construction: $30 million.
Assets: $25 million.
Top Executives: Allan Rozansky and Alan Kay. Oliver T. Carr Co.
Description: Washington real estate planning, development and management firm that is the most active in D.C. projects, with projects under way valued at more than $500 million. It is a private, family-owned firm.
Top Executive: Oliver T. Carr Jr., president.