It’s unlikely that 2021 and its swirling economic winds will be remembered as a home-run year for American industry. But one sector tore the cover off the ball — accounting-wise at least.
Even as the economy struggled to regain its footing in the wake of the COVID-19 pandemic and inflation, supply chain snarls and labor shortages, companies comprising the 2022 installment of EC&M’s Top 50 Electrical Contractors reported combined record revenues of almost $40 billion for the year , a 20% gain over the $34.1 billion amassed in 2020 by the 2021 Top 50. That eye-popping gain may be partly due to the timing of revenue bookings for firms and even the inflation spike, but its sheer magnitude — easily the biggest year-over-year jump in at least 15 years — suggests that, despite speed bumps, electrical contractors as a group have been busier than ever the last two years — from the start of the pandemic, through its depths, and beyond.
