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Summit Electric Supply has surged ahead – up 12 places in just four years -- in sales rankings compiled by Electrical Wholesaling magazine.
Summit’s move, from 34th place in 2002 to 22nd place in 2006, puts the company among the top 25 of the magazine’s “Top 200” electrical distributors in the nation.
The rankings, published in the June 1 issue of the magazine, are based on sales volume disclosed in surveys sent to 400 companies.
“Sales revenue is the first measure, and we always get well over half of all companies on the listing to provide figures,” said Jim Lucy, chief editor of Electrical Wholesaling. If two companies are tied in sales, number of employees and branches are considered, he added.
Summit has participated in the survey since its inception in 1988 – when the company ranked 173 among then 250 top distributors. Summit leaped to 76 by 1992.
The magazine changed the listing from 250 to 200 distributors in 2003, Lucy said.