Benchmarking Survey: CEDIA Members' Revenue Rose
Among CEDIA members, gross revenue increased by 13 percent last year from the year before, while the average net profit margin was 4.1 percent. That's according to CEDIA's benchmarking survey, the results of which were released Tuesday.
“CEDIA's Benchmarking Survey provides a snapshot of the performance data of industry companies,” CEDIA CEO Utz Baldwin said as part of the announcement. “The data gives ESCs the ability to compare themselves to industry averages and high performance metrics, allowing them to identify their company’s strengths and improve upon weaknesses to accomplish greater profitability.”