WOOD 100 Facts & Figures
”¢ Almost half the companies (49) use the term “custom”? to describe their products and services. In looking at the range of products manufactured by all the WOOD 100 companies the highest category is cabinetry, at 25%. Other types of products offered by these companies, in descending order are: millwork and architectural products (21%), store fixtures (10.5%), residential furniture (10.5%), contract furniture (10%), countertops (6%), doors and drawers (5%), miscellaneous panel products and components (4%), doors and shutters (4%), closet systems (3%) and stairs and components (1%).
”¢ Texas leads the states for WOOD 100 members with 10, followed by Florida and California tied with 9. Ironically though, the majority of WOOD 100 companies are scattered throughout the Midwest and Northeast regions. Canada is represented by 6 companies.
”¢ Dollar for dollar, however, Indiana leads the race, with its two WOOD 100 members bringing in $1,133,132,000. At $44,766,000, Texas comes in seventh place, following: Pennsylvania ($93,995,000), Minnesota ($88,709,000), Florida ($67,274,000), Michigan ($56,199,000) and California ($55,595,000).
”¢ Based on 2001 sales, 24 companies fall in the over $15 million range, with the next highest (23) in the $2.5-$5 million range. The breakout for the rest is as follows: under $1 million (16); $1-$2.5 million (21); and $5-$15 million (16).
Qualifying for the WOOD 100
The WOOD 100 was established by Wood & Wood Products in 1990 to recognize the achievements of fast-growing wood product manufacturers. The WOOD 100 slogan, “Not the Biggest, the Best,”? was coined to encourage the participation of small custom woodworking shops as well as high-production woodworking companies.
The four prerequisites needed for participation in the 13th Annual WOOD 100 are:
1. Each company’s main buiness involves the manufacture of products made with solid wood, composite panels and/or solid surfacing materials.
2. Each company reported at least $100,000 in annual sales in each year since 1999.
3. Each company enjoyed greater total sales in 2001 than in 2000.
4. Each company completely filled out the WOOD 100 qualification form and granted Wood & Wood Products permission to publish the information including annual sales figures rounded to the nearest $1,000.
More WOOD 100 on the Web
Archives of the WOOD 100 reports from 1996 to 2001 are available online here.
The 2003 WOOD 100
The 14th Annual WOOD 100 report of fast-growing wood products companies will be published in September 2003. For information, contact Rich Christianson, W&WP editorial director, at (847) 634-4347, ext. 652; e-mail: email@example.com.
Bernadette Freund and Karen Koenig authored this report. Rich Christianson helped edit it. Jennifer Blocker, Sam Gazdziak, Blanca Hernandez, Greg Landgraf, Jill Smith and Chad Sypkens assisted in soliciting information upon which this report is based.
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