he country's largest 500 remodelers and
home improvement companies — the
QR Top 500 — are having a very good
year. Combined gross revenue is $8.53
billion, up $970 million or 12.8 percent
year-over-year.
With U.S. GDP increasing at only 1.2 percent annually,
the robust growth of the Top 500 contrasts sharply with
the broader economy. is stands to reason. Big firms,
like the ones on the Top 500, are growth focused. ey
intend to get bigger faster.
Power Home Remodeling, No. 4, is a good example.
e 24-year-old exterior-replacement company tallied
$376 million in sales in 2015, up from $301 million.
And the top-line trajectory continues. Co-CEO Cory
Schiller forecasts the company will likely hit $425 million
for 2016. It is the kind of dynamic growth that is only
achievable with a combination of organic "same-store"
growth along with new offices in new markets.
Schiller says the company is engaged in a "50-state strat-
egy," opening locations in Houston, Dallas and Denver
this year. And, "in 2017, we're poised to open up more
Back to Peak
Many remodeling and home improvement
firms are back to peak levels experienced
nearly a decade ago. This time, the growth
is more intentional and purposeful.
By Patrick L. O'Toole, Editorial Director and Publisher
2O16
TOP
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42 August 2016 QR QualifiedRemodeler.com