Each year, Bishop & Associates prepares the Connector Industry Yearbook based on annual reports provided by publicly traded connector companies. Income statements and balance sheets are consolidated for the past 10 years, five years, and most current year, providing benchmarks on the industry and the overall performance of the public connector companies.
In addition, the report provides a review of the connector industry for the period 2011-2021 for sales by region, end-use equipment sector and our current forecast for 2022 and 2027 by region and end-use equipment sector.
This report features:
Consolidated history of the public companies including:
- Key Financial Measurements (2011-2021)
- Balance Sheet $ (2011-2021)
- Income Statement $ (2011-2021)
- Balance Sheet percent (2011-2021)
- Income Statement percent (2011-2021)
Fifteen-year history of performance by company, with industry averages for the following financial measurements:
- Selling, General, & Administrative percent (2007-2021)
- Net Income percent (2007-2021)
- Return on Assets (2007-2021)
- Long Term Debt/Equity (2007-2021)
- Accounts Receivables Turnover (2007-2021))
- Inventory Turns (2007-2021)
- Cost of Goods Sold percent (2007-2021)
- COGS + SG&A percent (2007-2021)
- Current Ratio (2007-2021)
- Return on Equity (2007-2021)
- Liabilities to Equity (2007-2021)
- Average Collection Period (2007-2021)
- Days Inventory (2007-2021)
2021 Yearbook Companies Gross Income as a Percent of Sales
The following table provides Gross Income as a percent of sales from 2011-2021 for public companies included in the 2022 Connector Industry Yearbook.
In 2021 the connector industry had an average net income of 10.7% of sales, compared with 4.2% in 2020 and 10.2% in 2019. The reduction in profits in 2020 can largely to attributed to COVID-19 pandemic that slowed sales worldwide. 2018 was a significant year in United States which passed the Tax Cuts and Jobs Act which reduced the federal corporate income tax from 35% to 21%.
As a result of the worldwide economic downturn in 2009, the lowest net income as a percent of sales occurred in 2009 at -12.6%. This was the first time that net income had been a negative number for the consolidated public companies. Between 2012 and 2016, net income increased from 6.9% of sales in 2012 to 11.5% of sales in 2016. Between 2017 and 2021, net income increased from 9.2 % in 2017 to 10.7% in 2021.
The following chart provides a history of net income for the Connector Industry from 2007-2021.