The best run shops in the Products Finishing Top Shops Benchmarking Survey average about four times the revenue per finishing line than all other shops, according the 2018 survey data. The Top Shops averaged about $2 million in gross revenue per line, while those in the 20th percentile averaged around $450,000.
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More than 66 percent of the shops that took the Products Finishing Top Shops Benchmarking Survey for liquid and powder coaters say they consider themselves a “job shop,” which is an independent shop with less than 50 percent contract work.
The average was 13 hours per day, and the median was 12. All other shops used their lines about 9 hours per day. The statistic shows how much utilization the shop was having in a typical day, showing that most Top Shops have two shifts operating on most workdays, while other shops have just one.
In the 2017 Products Finishing Top Shops Benchmarking Survey for liquid and powder coatings, the Top Shops (those in the 80th percentile) averaged 99 percent approval on first pass inspection, while all other shops had a 94 percent pass rating. The median was 98 percent, and the mean was 93.8 percent.
Arlington Plating is being recognized as a Products Finishing Top Shop not only for its rebirth as a major plating operation in the U.S., but also for its work in transforming its relationship with employees through an Employee Stock Ownership Program (ESOP) initiated in 2016.