2014 HispanicBusiness 100 Main Graphic

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. We’ve eliminated the transportation sector entirely this year, as there wasn’t a single company in the sector to make the list.

Growth by Sector

Four of this year’s 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.

Sector Headline

The automotive sector saw the greatest growth, at 27 percent for the year. Greenway Ford had revenues of $1.6 billion in 2013, up 34 percent for the year, compared to Mike Shaw Automotive Group’s very respectable $413.8 million.
Construction featured two of the HispanicBusiness 100’s five companies to pull in more than $1 billion in 2013. Mastec of Coral Gables, Fla., saw revenues of $4.3 billion, up by 15.4 percent over the year prior. The Reland Group of Miami took in $1.5 billion, building impressive growth of 43.5 percent.
Growth was dim in the energy sector at 2 percent. Although Liberty Power Corp. charged ahead with 11.9 percent growth in 2013, the other four companies in the top five ranged from 0.5 percent growth to a loss of 16.1 percent.
The finance sector barely budged for the year at 3 percent growth. However, Pan-American Life Insurance Group put 16.7 percent growth and revenues of $653.5 million on its books.
The top five companies in the manufacturing sector all grew in 2013, three of them in double digits. Steel and aluminum manufacturer Diez Group led the way with 19.8 percent growth, hammering out revenues of $733 million for the year.
The retail sector treaded red ink in 2013 with zero percent growth, and only four companies made the cut. Navarro Discount Pharmacies mustered $340.2 million in revenues, the least of any sector leader, and saw a loss of 2.25 percent.
The service sector turned in solid growth of 9 percent for the year. Employment services firm G&A Partners of Houston grew by a phenomenal 50.1 percent, with revenues of $807.3 million.
The technology sector featured a billion-dollar company and another that came just this close to the magic mark. SDI International Corp. had revenues of $1.1 billion, and Genesis Networks Telecom Services reported revenues of $951 million. Both companies had double-digit growth for the year.
Brightstar continues to dominate the wholesale sector, with revenues of $7.2 billion for 14.3 percent growth in 2013. Showing the greatest growth was Bartlett Dairy in Jamaica, N.Y., up nearly 18 percent with revenues of $171 million./

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