The median growth from this yearÃƒÂ¢Ã‚Â€Ã‚Â™s crop of WOOD 100 companies is the largest percentage in the reportÃƒÂ¢Ã‚Â€Ã‚Â™s 17-year history.
Take note, North America. The 2006 WOOD 100 companies are flexing their muscles.
Like last yearÃƒÂ¢Ã‚Â€Ã‚Â™s elite group, this yearÃƒÂ¢Ã‚Â€Ã‚Â™s crop of fast-growing companies have all achieved double-, or in some cases triple-, digit growth, ranging from 16.0% to 217.3%. In addition, the median growth for these companies ÃƒÂ¢Ã‚Â€Ã‚Â” 96 U.S., four Canadian and one Mexican ÃƒÂ¢Ã‚Â€Ã‚Â” was the highest ever at 39.3%, an increase of 11.8% from last year.
And the future only looks to get better. When surveyed, more than 80% say they anticipate another double-digit growth year for 2006, and almost all companies predict 2007 will be a better-than-average year.
|ÃƒÂ¯Ã‚Â»Ã‚Â¿Wood 100: Products by Category|
|ÃƒÂ¯Ã‚Â»Ã‚Â¿Cabinetry for Kitchens & Other Rooms||51%|
|Architectural Woodworking & Millwork
|Casegoods & Components||13%
|Residential Furniture & Accessories NEC||13%|
|Closets & Home||6%
|Organization Store Fixtures||5%|
|ÃƒÂ¯Ã‚Â»Ã‚Â¿Due to companies manufacturing multiple items, total is more than 100%.|
Consumer spending in the hot home organization market helped propel Arizona-based PremierGarage Systems into the number one spot for the 2006 report. With 217.3% growth, this yearÃƒÂ¢Ã‚Â€Ã‚Â™s top-ranked company has two factories to supply its 76 franchise locations with garage organization systems.
Each of the next top five companies also posted more than 100% growth last year. In fact, No. 2 Advanced Woodwork enjoyed 137.2% growth after nabbing the No. 16 spot last year with a 57.4% increase. Rounding out the top six are: True 32 Custom Cabinetry (118.8%), Vantage Woodwork (105.2%), Precision Hardboard Components (102.7%) and Cabcor Inc. (100.8%).
Regardless of their ÃƒÂ¢Ã‚Â€Ã‚Âœrank,ÃƒÂ¢Ã‚Â€Ã‚Â all of the WOOD 100 companies have sustained solid growth records this year. Twenty-three percent of them point to increased productivity as the number-one reason for their high profit margins, although employee skills and dedication ranks a close second.
More WOOD 100 Facts
ÃƒÂ¢Ã‚Â€Ã‚Â¢ Twenty-nine of the WOOD 100 firms were featured in last yearÃƒÂ¢Ã‚Â€Ã‚Â™s report; 46 of this yearÃƒÂ¢Ã‚Â€Ã‚Â™s companies have appeared in the WOOD 100 at least once since the reportÃƒÂ¢Ã‚Â€Ã‚Â™s inception in 1990.
ÃƒÂ¢Ã‚Â€Ã‚Â¢ Oak Craft (No. 31) is making its 12th overall and third consecutive appearance; Appalachian Wood Products (No. 77) also is making its 12th appearance; and 16 additional companies are making at least their fourth appearance in the WOOD 100.
ÃƒÂ¢Ã‚Â€Ã‚Â¢ Thirty-two states are represented in this yearÃƒÂ¢Ã‚Â€Ã‚Â™s WOOD 100; California leads the way with nine of this yearÃƒÂ¢Ã‚Â€Ã‚Â™s WOOD 100 companies, followed by seven each from Utah and Missouri, and five each from Illinois and Wisconsin. Three are from Canada and one is from Mexico.
|ÃƒÂ¯Ã‚Â»Ã‚Â¿What are your sales growth projections for 2006?