Starnet Grows to $4.4 Billion in Total Gross Sales
Columbus, OH, July 24, 2023-Starnet has released the 2023 Starnet State of the Group Survey results to member stockholders based on 2022 financial and sales performance.
In 2022, total gross sales including services grew 33% to $4.41 billion, an 8% compound annual growth rate since 2014. Exceptional growth was reported across all regions and Canada, with the Southeast and Northeast reporting the largest gains.
New this year, the market research explored the health of Starnet members’ backlogs. It is Starnet’s goal to quantify this, identify short-term sentiment and track long-term trends like the Dodge Momentum and AIA Architectural Billings Index do.
Based on March 2023, Starnet members collectively reported $2 billion in backlogs under contract, amounting to 5.8 months of work to be completed.
The healthy backlog and first-half performance supports continued growth over last year’s record-breaking performance, Starnet leaders report.