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Article: The 2009 pipe trades giants: plumbing and mechanical contractors are making the most out of a down economy.
- Article from:
- Plumbing & Mechanical
- Article date:
- August 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 BNP Media. 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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Plumbing and mechanical contracting firms we surveyed for this year's Pipe Trades Giants list are becoming disheartened by the continuing recession--only 25 percent of respondents expect an increase in sales next year, compared to 2008 when 62 percent of respondents predicted a sales increase for 2009. Forty-seven percent say they do not have enough work to keep their employees busy. About 46 percent expect sales to decrease in 2010, and 28 percent expect to remain the same.
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Yet profitability has increased for 28 percent of respondents and stayed the same for 35 percent.
These companies may be down, but they are not out of ...