Building finishing contractors (NAICS 238390) industry trends

Sageworks
August 13, 2013
Read Time: min

The building finishing contractors industry includes firms providing specialized services to finish buildings. Included in this industry are drywall and insulation contractors, painting and wall covering contractors, flooring contractors, tile and terrazzo contractors, finish carpentry contractors and other building finishing contractors. Drywall and insulation contractors provide services related to drywall, plaster work, building insulation and firestop servicers. Examples of the work these contractors provide include drop ceiling installation, taping and finishing drywall and attic space insulation installation. Painting and wall covering contractors provide services related to interior or exterior painting or interior wall covering such as house painting, bridge painting and wallpaper hanging and removal. Flooring contractors install floor tile, carpeting, linoleum and hardwood flooring. Tile and terrazzo contractors provide services such as ceramic tile installation, mosaic work and stone flooring installation. Finish carpentry contractors perform services such as counter top installation, door and window frame construction and garage door installation. Other building finishing contractors in this industry perform work such as bath tub refinishing, drapery fixture installation and trade show exhibit installation and dismantling. The work performed in this industry may be additions, alterations, maintenance, new work or repairs.

The Census Bureau’s most recent data indicates that there are approximately 748,100 firms within this industry.

According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 5.24 percent. During this same time, the average gross profit margin was 30.48 percent.

The graph below shows business statistics for the average company in the building finishing contractors industry.

 

About the Author

Sageworks

Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest real-time database of private-company financial information in the United States. The company was acquired in 2018 and is now part of Abrigo.

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About Abrigo

Abrigo is a leading technology provider of compliance, credit risk, and lending solutions that community financial institutions use to manage risk and drive growth. Our software automates key processes — from anti-money laundering to fraud detection to lending solutions — empowering our customers by addressing their Enterprise Risk Management needs.

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