American Industrial Manufacturers of Building Materials LLC Reports Record Growth in 2019
PLANO, Texas — American Industrial Manufacturers of Building Materials LLC (AIM) announced its 2019 financial results with a record-setting revenue performance 44% higher than the previous year, and an unprecedented 30% increase in profit.
According to AIM, this outperformance was broad based with growth in most markets exceeding expectations and results deriving from significant operational investments, including the opening of new manufacturing facilities and improvements to existing plants.
“To remain an industry leader, AIM is always seeking to improve existing products and add new innovations to its portfolio,” said AIM CEO/Managing Partner Andy Hastings. “Our network of four R&D facilities combined with our eco-friendly products, extensive code approvals, systems specifications and national technical support separates us from the pack. As a result, global brands have chosen AIM to be their source for building materials.”
Founded in 2011 as a consolidation of seven regional roofing and construction material manufacturing companies, AIM has typically performed well with double-digit annual revenue growth (12%-18%) since its formation. AIM’s continued investment in its business platform and product portfolio has made AIM one of the largest producers in its product segment, mostly achieved through organic growth. AIM notes that its expansion has been accomplished without acquiring any debt obligations.
“Our continued growth and our record 2019 performance is a strong indicator that our business model works,” said Hastings. “I am confident that in 2020, AIM will continue its growth as we remain committed to producing environmentally-friendly products using efficient manufacturing processes; introducing new products while leveraging our increased capacity; and lower costs of goods.”
Recognizing that commercial buildings account for 30% of the energy use in the U.S., AIM believes manufacturers of building materials have a responsibility to provide energy-conserving, as well as environmentally friendly, products to the construction and building maintenance sector. An Energy Star® partner, AIM offers coatings and other building products with the Energy Star® label.
AIM’s environmental stewardship is also reflected in its many building materials (both new construction and maintenance applications) which extend the life of roofs, thereby reducing the landfill use problems.