This yearÃ¢â¬â¢s WOOD 100 companies raked in $1,054,564,000 of sales for 2000. In the process, the companies saw their sales climb an average of 16.8% from 1999.
An impressive 2/3 of the WOOD 100 participants exceeded this overall average. The 12th Annual WOOD 100 Report boasts 69 companies that exceed the 16.8% average in sales growth. Companies that came in just under this mean point combined for $773 million dollars in sales, nearly 3/4 of the total sales.
When asked what factor most contributed to their overall success since Jan. 1, 1998, 31% of WOOD 100 company executives cite the skills and dedications of their employees. Next in line is increased productivity with 21%. New product development and marketing programs tied for third with 13% of the responses.
Both ends of the sales figure spectrum are represented fairly equally with 41 companies coming in with under $2.5 million in sales and thirty-six at $10 million or more. Specific companies range in 2000 sales from $216,000 for Quality Kraft (No. 56) of Virginia Beach, VA, to $68,821,000 for Eagle Industries LLC (No. 72) of Bowling Green, KY.
Eagle Industries brought home the Ã¢â¬ÅbigÃ¢â¬? money prize. The company has 650,000 square feet of manufacturing and warehouse space in Bowling Green, KY, with satellite distribution operations in Albany, OR. Eagle Industries says these locations allow it to service the entire continental United States and much of Canada. It manufactures furniture and virtually all of its furniture components.
There are, of course, several other big-volume companies worth mentioning; considering that, 16 posted more than $25 million in sales in 2000. They include Barbosa Cabinets (No. 19) of Tracy, CA, $30 million; Blackhawk Furniture Inc. (No. 46) of Riverside, CA, $46 million; Legacy Cabinets LLC (No. 66) of Eastaboga, AL, $37 million; Royal Cabinets (No. 67) of Pomona, CA, $32 million; and Kretz Lumber Co. Inc. (No. 70) of Antigo, WI, $36 million.
That is not to say that the small companies did not earn some blue ribbons. For the second consecutive year, D&L Custom Interiors is perched at the top of the WOOD 100. The eight-man company based in Loganville, GA, tops the field with 135% growth in 2000 based on sales of $762,000. The hardworking employees smile when they hear that the company has grown a tremendous 600% since 1998, says Doug Hartman, president.
The small companies of $2.5 million in sales or less represent 14 of the top 25 companies in this yearÃ¢â¬â¢s WOOD 100 Report. Nine of these are companies that have increased their sales by at least 50% or better. Included are D&L Custom Interiors; Artisan Woodcrafters (No. 2) of Auburn, GA; P.K. Designs Inc. (No. 4) of Arlington, WA; Eggli Bros. Millwork Inc. (No. 5) of Lander, WY; Construction Service Associates (No. 7) of San Diego, CA; Augusta Millwork Inc. (No. 9) of Augusta, GA; Levi Mize Woodcraftsman Inc. (No. 12) of Camarillo, CA; Impressions Architectural Millwork (No. 14) of Cypress, TX; Centorbi Custom Cabinetry (No. 16) of St. Charles, MO; and The Wood Barn Inc. (No. 17) of Louisburg, N.C.
While the numbers continue to add up, many have trepidations about the continued state of the economy. Last year, W&WP reported that the economy was a top concern by 39% of WOOD 100 company executives. No surprise, this year it has climbed to 53% as the number one concern.
While people can not control the economy there is still cause for optimism because for the 13th annual WOOD 100, 57 company executives also predict double-digit growth. Several companies still expect to grow considerably: D& L Custom Interiors with 125% projected, P.K. Designs Inc. (No. 4) of Arlington, WA, with 80% projected and Centorbi Custom Cabinetry (No. 16) of St. Charles, MO, with 60% projected.
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