Qualified Remodeler Magazine

AUG 2016

Qualified Remodeler helps independent remodeling firms to survive, become more professional and more profitable by providing must-have business information, namely best business practices, new product information and timely design ideas.

Issue link: https://qualifiedremodeler.epubxp.com/i/715119

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Page 41 of 99

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 T 42 August 2016 QR QualifiedRemodeler.com

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