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Lending & Credit Risk

Other specialty trade contractors (NAICS 238990) industry trends

Sageworks
July 17, 2013
Read Time: 0 min

The other specialty trade contractors industry group includes contractors providing site preparation activities. Site preparation activities include blasting, building demolition, foundation digging, concrete breaking and cutting for demolition, septic system installation, excavating and underground tank removal. Also included are firms providing construction equipment rental with operator. Additionally, this industry group comprises contractors providing specialized work. Such work includes outdoor swimming pool construction, fence installation, driveway paving or sealing, billboard erection and mobile home set up and tie-down. The specialty trade work provided includes new work, installation, repairs, alterations and maintenance.

The Census Bureau’s most recent data indicates that there are approximately 487,905 firms within this industry.

According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 5.45 percent. During this same time, the average gross profit margin was 34.78 percent.

The graph below shows business statistics for the average company in the other specialty trade 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

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