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Article: Coming on strong: with the economy on the upswing, the B.E. 100s broke the $10 billion barrier and got back into the business if job creation. (1993 corporate results) (Black Enterprise 100s: Industrial/Service and Auto Dealer) (Cover Story)
- Article from:
- Black Enterprise
- Article date:
- June 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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What a year! It still remains to be seen whether an economy on the rebound can keep inflation in check and whether the stock market can keep the bears at bay. But 1993 will certainly be remembered as one of the best years ever for the BLACK ENTERPRISE 100s.
Last year, the BE INDUSTRIAL/SERVICE 100 and the BE Auto DEALER 100 broke the $10 billion gross revenue barrier for the first time. With combined 1993 sales of $10.28 billion, the revenue growth of the BE 100s was 13.9%--not as large as 1992's 14. 1 %, but still ahead of the 1993 revenue growth rate of only 4.5% for the Fortune 500.
More important, the nation's 100 largest black-owned ...