Sales for the FDM 300 reached$43.325 billion in 2014, by our estimate. That's an increase of 9.3 percentover the 2013 mark. Sales increased for companies in most market sectors. Salesof cabinet companies showed particularly strong growth.
A year ago, we calculated annualsales for this group of 300 companies to be $39.630 billion for the year 2013,an increase of 5.3 percent over sales reported and estimated for the year 2012.
This is the third straight year ofsales growth. Sales increases in the past three years came after fiveconsecutive years of declines from 2007 to 2011. (In 2012, we estimated salesfor this group of 300 companies in the United States and Canada to be $37.632,an increase of 4 percent over sales for this group in 2011, which reached $36.167billion.)
Cabinet companies continued to lead thesales gains. Many cabinet companies, large and small, recorded solid salesgains both in 2013 and 2014. Changes and consolidations in some largercompanies resulted in sales declines in those companies.
The FDM 300 is a group of the 300 largest cabinet,furniture, millwork, store fixture, office/contract and component producers inNorth America. A detailed list of the top 25 companies and a summary of all 300companies is included in our coverage in the February issue.
We were not able to get updated sales and employeenumbers from some privately held companies, but were able to update at least partof the information on most of these firms. There were some larger adjustmentsin some company information due to new data, mergers and consolidations.
Also, there were 10 companies listed last year thatare no longer included, along with 10 new companies and a few name changes andconsolidations. We will detail these changes and look more closely at severalkey market segments in future issues of FDMC.
Here’s a look at some of the largest companies in theFDM 300:
Ten largest FDM 300 companies in 2014:
1. Ashley FurnitureIndustries Inc. Company has expanded manufacturing capacity in Mississippi andNorth Carolina. Figure provided directly by the company and does notinclude estimate of retail store sales.
2. Steelcase Inc. Sales increased in the company’sfiscal 2014, which is the figure here. Several changes in plant locations anddivisions.
3. Herman MillerInc. Information from the annual report. Sales increased for the publicly tradedoffice and contract company.
4. MasterBrandCabinets. Fortune Brands Home andSecurity’s kitchen and bath cabinetry segment’s sales figure is based on third quartersales.
5. HNI Corp. Sales numberis based on third quarter sales for the office furniture segment. Sales were upslightly.
6. Andersen Corp. Sales number is our estimatefor 2014. No new information from the company.
7. Haworth Inc. Sales reported increasedstrongly for the most recent fiscal year in February 2014.
8. La-Z-Boy Inc. Salesrepresent fiscal 2014 sales for the company’s upholstery and casegoods segment.Retail segment not included in figure. Company is selling its Lea Group.
9. Jeld-Wen Inc. Nodirect sales number. This is an estimate of window and door business, notincluding resorts and landholdings. Part of Jeld-Wen owned by Onex.
10. Knoll Inc. Thesales figure is based on third quarter 2014 sales. Overall sales up sharplyover 2013.
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