The Sectors: Keeping It Positive
June 24, 2014
Broos Campbell — HispanicBusiness.com
The HispanicBusiness 100 sectors all stayed on the positive side of the ledger in 2013, with four of them ringing up double-digit growth.
Our revamp of the venerable HispanicBusiness 500 into a streamlined, more exclusive index of 100 top earners has required us to narrow the sectors indexes as well.
The charts below list the top five revenue producers in their respective categories. The exception is retail, for which only four companies made the top 100. Weve eliminated the transportation sector entirely this year, as there wasnt a single company in the sector to make the list.
Growth by Sector
Four of this years nine sectors turned in double-digit growth in 2013. The automotive sector saw the greatest growth, at 27 percent for the year, with construction, a major employer of Hispanics in the U.S., close behind at 21 percent. Manufacturing and wholesale both registered 13 percent growth.
JAG Companies, a heavy civil and marine contractor from Farmingdale, N.J., gave the construction sector a boost with its growth of 62.5 percent, the largest in any sector, while Greenway Ford in Orlando raced ahead of its nearest competitor in the automotive sector by a margin of nearly 4 to 1 in terms of revenues.
In the middle ranges, the service and technology sectors both grew by 9 percent.
G&A Partners kept the service sector in the black with phenomenal growth of 50.1 percent. Two other staffing firms, Pride Global and Pinnacle Technical Resources, dipped 29.4 percent and 16.2 percent respectively.
In the technology sector, SDI International Corp., an outsourcing and technology services provider in Fort Lauderdale, had revenues of $1.1 billion, compared to $1 billion last year.
The finance, energy and retail sectors trailed the pack though it bears repeating that no sector finished in the red in 2013. Finance put 3 percent growth on the books and the energy sector kept the lights on with growth of 2 percent. Retail barely avoided ringing up a no sale, with zero percent growth in 2013.
All in all, though, growth and revenues in the sectors indicate encouraging news for the U.S. economy.