Rockleigh, NJ — Crestron Electronics reports that it had record breaking one-month sales for December 2008. The commercial and residential control and automation systems manufacturer has posted double-digit sales growth for 20 consecutive years.
The New Jersey-based company’s fiscal year ended in June with annual revenue of more than $400 million. In December retail electronic sales suffered a double-digit decline and the U.S. manufacturing sector led job losses. At the same time, Crestron reports that it increased monthly sales by 26 percent over last December–on pace for another record breaking year.
“Our industry and our company are not recession-proof or immune to economic conditions,” explained Crestron executive vice president Randy Klein. “But Crestron is uniquely positioned to help our dealers and partners thrive even in these uncertain times. We have a responsibility to develop new technologies, get them to market and create more business opportunities.”
Crestron, which does all its manufacturing in the U.S., introduced 70 new products in 2008 (plus 200 accessories), averaging a new product release every five days. The company has 22 new products scheduled to launch this month alone. Crestron has also made the 2008 Top 50 Systems Integrators listing, which was published by NewBay Media earlier this week. The report shows that the top installers did not experience a drop off in sales, and nine out of 10 were Crestron dealers.