Roofing, Siding & Sheet Metal Contractors
Brief Excerpt from Industry Overview Chapter:
Companies in this industry install and repair roofing, siding, and gutters for homes and businesses. Major companies include Baker Roofing, CentiMark, Nations Roof, Petersen-Dean, and Tecta America, all based in the US, and Flynn Canada.
Demand for roofing services is closely tied to maintenance needs and new construction. Demand for replacement and repair is closely tied to storm activity. Profitability depends on efficient operations and management of raw materials and labor expenses. Large companies have advantages in being able to manage multiple projects simultaneously and to serve customers with multiple locations. Smaller firms can compete by specializing in a specific service such as reroofing or building type.
PRODUCTS, OPERATIONS & TECHNOLOGY
Commercial roofing jobs account for the majority of industry revenue. Revenue from reroofing, repair, and maintenance accounts for 65%, while 35% is from new construction. The average useful life of a commercial roof is about seven years. However, wind, rain, and hail storms can cause severe damage to roofing systems and require repair or replacement. Reroofing, maintenance, and repairs are often more profitable than new construction, as companies often negotiate these contracts rather than soliciting bids from several competitors. Roof repair involves simple tasks like caulking, fixing leaks, and re-coating. Roof restorations are bigger jobs, involving resurfacing and major repairs. Reroofing costs twice as much as restoring, and involves replacing all major materials.
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