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Lending & Credit Risk

Building equipment contractors (NAICS 238290) industry trends

Sageworks
July 16, 2013
Read Time: 0 min

This industry includes electricians, wiring installation contractors, plumbers and heating and air-conditioning contractors. The industry also includes installation and service contractors providing services such as door installation, escalator installation, service station installation and pipe insulation installation. Electricians and wiring installation contractors in this industry provide services such as alarm system installation, computer and network cable installation and lightning system installation. Plumbers and heating and air-conditioning contractors in this industry provide services such as refrigeration system installation, fire sprinkler system installation, as well as ventilation equipment installation. The work provided in this industry includes new work, installation, repairs, alterations and maintenance.

The Census Bureau’s most recent data indicates that there are approximately 379,000 firms within this industry. The majority of contractors within this industry are plumbing, heating and air conditioning contractors. 

According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 4.40 percent. During this same time, the average gross profit margin was 31.23 percent. 

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

Building equipment contractors NAICS 2382

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

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