From Kevin’s Corner
We are approximately half way through 2017 and ElectriCom is having another good year. Year to date total company revenues are up by 17% over 2016. Our headcount is 538, which is an increase of about 8% versus last year at this time. While the majority of our work is in the Midwest, we have had projects in 17 different states thus far this year. We have experienced significant growth this year in Florida and out west, primarily Texas. Part of our strategy has been to diversify geographically, particularly south and southwest into areas where we have more of a year around construction season. We currently have an office in South Carolina, two offices in Florida with a third scheduled to open yet this year. We would also like to open an office in Texas within the next year. We just haven’t figured out what location would fit best.
Almost all of our business segments are up year to date. Our Power Division revenue has increased significantly, up 36%. The majority of that increase is due to an increase in underground construction. Our Right of Way Division is up almost 60%. Telecom, which is by far our largest segment of work, is up about 15%. Gas is down slightly. All of our markets are healthy, and I don’t see anything slowing down through the end of the year. If anything, I believe we will see a bigger increase in work during the second half of the year. The limiting factor to growth will be access to experienced, quality labor.
We’re also having another good year from a safety perspective. We recently added another safety professional to our team, bringing the number to four. Our safety Team does a great job keeping our focus on safety, developing incentive programs, and constantly reviewing our policies and practices to ensure that we are working as safely as possible. Our goal is for all of our employees to go home to their families’ injury free.
Lastly, we welcomed Kelly Dyer to our executive team as VP of Strategic Business Development. Kelly has been a business associate and friend for over 20 years, and I’m delighted to have him on our team. There is a segment in this newsletter where you can learn more about Kelly. That’s some of what’s going on with Electricom. We’re busy, but all’s good!