In blogs about our individual rankings, I typically call out statistics on firms reporting gains. But now, for the first time, I've gathered them together for a complete look at our gainers.
I pulled results from our six processor rankings in 2020, looking at reports from the 2019 fiscal year. By focusing on firms that had sales increases, I yielded 300 in total. This includes thermoformers; injection molders; pipe, profile and tubing extruders; rotational molders; film and sheet manufacturers and blow molders.
Intermolding Technology LLC, a contract and custom injection molder in Des Plaines, Ill., takes the No. 1 spot with a year-over-year increase of 375 percent. Looking back 5 years, that number is 900 percent. The company joined our ranking in 2015 as American Injection Molding Inc.
We have a full ranking history on all our listed processors, electronically going back to our 1999 collection. I took advantage of that history and grabbed sales from up to five years back for all 300 companies and compiled them in a spreadsheet. I even did the math for dollar and percentage gains.
To give an idea of the total increase, we can compare the ranked sales of our 300 gainers. Fiscal 2019 yielded roughly $43.3 billion and 2018 had $39.9, a gain of $3.4 billion. The exact figures come out to 9 percent.
An analysis of averages and means gets a little skewed when we talk about the smaller processors. An increase of $1 million in sales can be a 50 percent gain for some, or it may not even register at a large molder with over $1 billion in sales. So, with that caveat, the average dollar gain was $11.6 million, with half the results falling under $2.9 million and the other half at or above $2.9 million.
Injection molder Berry Global Inc. of Evansville, Ind. was our biggest dollar gainer at $400 million. Berry acquired Letica Corp., in June 2019 as part of RPC Group plc.
There are many factors that determine industry growth and indivdual performance, like mergers and acquistions activity, raw material pricing pass through and capacity improvements. This report deals with those results as a baseline benchmark on plastic processing in general.
With an eye on a November release date, the results from 2020 vs. 2019 should be very interesting.
This new report is available in our online data store as a stand-alone report or with a pre-order for that November update.