SDM 100 companies reported a wide variety of experiences in 2022, very much depending on the path, location and unique set of challenges that made up their business conditions last year. As a group, however, they continue to rise to the challenges put before them and find their individual path to success.
This year’s SDM 100 companies’ answers when asked to describe their business success in 2022 were truly a puzzle. As soon as one would say “best year ever” another company would describe the market as “flat.” Some said supply chain issues were quickly resolving, while others predicted they would still loom large in 2023. And some described certain technologies or markets as very strong — residential or commercial, fire or video, for example — only for the next company to say the exact opposite.
No. 9, Pye-Barker Fire & Safety, which realized 155 percent RMR growth over 2021 and moved up the rankings from 15 last year, described 2022 as “ the strongest I’ve seen in my 15-year career.”