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Economy, Profit Big Concerns for CE Pro 100
CE Pro 100 integrators say housing slowdown and declining product margins are topics of concern for 2008.
Clockwise from top right: Gary Nedelisky (Quadrant Systems), Todd DeAngelis (Signals Audio/Video), Mark Vyain (Digitech Custom Audio & Video) and Jack Green (Green Electronic Solutions)
05.02.2008 — The slowing economy, the housing slowdown and declining product margins are the hot topics of concern among members of the CE Pro 100.
Even if the slowing housing market has not yet affected an integration company, it is definitely on the minds of the owners.
Many report they are diversifying their operations.
In fact, most make specific mention of several operational efficiency practices, including staying lean and mean, producing accurate proposals and looking at new high-margin products.
Other areas of concern include growing business in the current marketplace while maintaining customer satisfaction and hiring the correct design and engineering staff.
Also, working in other locations with clients who have two or three homes is becoming increasingly difficult. The logistics and planning involved in working out of state or out of the country are very difficult.
Click here to see what CE Pro 100 integrators say are the industry’s biggest challenges for 2008.
CE Pro 100
 | CE Pro 100 Reports 9% Revenue Jump The list, which is in its tenth year, reported a leap in average income of 9 percent, from $6.8 million to $7.4 million. Other strong data includes a leap in the average installation price of 7 percent. 9 Key Trends From CE Pro 100 The CE Pro 100 is out, and we’ve broken down what makes up the companies making the yearly list. The CE Pro 100 logged gross custom revenues of $747.8 million, up from $684.8 million last year. The CE Pro 100: Real and Representative The publication of the prestigious CE Pro 100 list garners reaction in the industry like no other. The 10th annual list will surely stir opinions. Economy, Profit Big Concerns for CE Pro 100 The slowing economy, the housing slowdown and declining product margins are the hot topics of concern among members of the CE Pro 100. Verifying the CE Pro 100: How It's Done This year, 86 of the 100 companies provided verification in the form of copies of tax returns or letters from an outside CPA. That number is up from 69 companies last year. Integrators Detail Favorite Brands CE Pro 100 integrators turn to luxury and performance brands to bolster revenues during the economic slump. | |
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