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Even when times are hard, good times can often roll on. A collection of the nation’s largest electrical contractors showed that’s possible by registering a solid percentage revenue increase in 2023, even in the face of significant supply chain and inflation pressures that brought higher materials and labor prices, shortages, and delivery delays.
The contractors who make up the 2023 EC&M Top 50 by self-reported prior year electrical and voice/data/video revenues brought in $43.901 billion in revenue as a group in 2022. That was up 7.4% from $40.889 billion reported by last year’s Top 50, a number that was 20% higher than the 2021 Top 50’s Covid-tarnished revenues of $34.1 billion.