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Utility system construction (NAICS 2371) industry trends

Sageworks
September 12, 2013
Read Time: 0 min

The utility system construction industry includes water and sewer line construction firms, oil and gas pipeline construction firms and power and communication line construction. Water and sewer line construction firms construction main, pumping stations, treatment plants and storage tanks. Examples of water and sewer line construction include distribution line construction, fire hydrant installation and irrigation systems construction. Oil and gas pipeline construction includes the construction of oil and gas lines, mains, refineries and storage tanks. Examples of oil and gas pipeline construction include oil refinery construction, gas main construction and petrochemical plant construction. Power and communication line construction includes the construction of power lines and towers, power plants, radio towers and television towers. Examples of power and communication line construction include power line stringing, cellular phone tower construction and telephone line stringing.

The Census Bureau’s most recent data indicates that there are approximately 26,185 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 time, the average gross profit margin was 30.52 percent.

The graph below shows business statistics for the average company in the utility system construction 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

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