Current business demands attention and continues to be strong for most of the electrical contractors on this year’s annual listing of the top firms ranked by revenue — the EC&M 2019 Top 50. ArchKey Solutions (No. 12), Miller Electric Co. (No. 25), and Sprig Electric (No. 32) contributed to a 2018 electrical and voice/data/video work revenue number that totaled a (current dollar) record $28.8 billion for all 50 firms combined on this year’s list.
Revenue for the EC&M Top 50 began surging in 2014 as the hangover from the financial crisis abated and has grown steadily since. Today, many contractors find themselves happily swarmed with business as virtually all types of construction are being lifted by generally favorable economic trends, including low interest rates, rising real estate values, low unemployment, and relatively strong consumer spending and business investment. Of the 39 firms that were in both the 2018 and 2019 Top 50 rankings, only eight reported revenue decreases in 2018, several of which were just fractional declines.