Photo: Michael Hatcher and Associates. (courtesy photo)
Michael Hatcher and Associates, a top landscaping company located in Olive Branch, has landed on a list of the largest companies of its type in America. According to trade publication Landscape Management, Hatcher is listed at number 117 among the LM Top 150. The Top 150 list represents the top one percent of all landscape industry companies.
Russ Sneed, Michael Hatcher and Associates CEO (Courtesy photo)
“We reported $21.7 million in annual revenue last year,” Michael Hatcher and Associates CEO Russ Sneed said. “This is a 55 percent revenue increase from 2020 to 2021, which earned our team recognition as No. 7 out of 56 on LM150’s power moves list of companies that grew by 20 percent or more last year.”
Total company revenue was $14 million in 2020, $12.6M in 2019, and $10M in 2018.
“We reached our 5-year financial goals in the first 15 months of setting those targets,” Sneed said, calling 2021 “the most extraordinary year in our company’s history. It is exciting to be part of a team building a sustainable, long-term healthy company.”
Up by $1.7 billion from last year, the LM150 revenue sets another record at $14.3 billion. Overall, LM150 companies averaged a 17-percent average revenue growth from 2020 to 2021 and project 15 percent growth this year.
“Watching this list escalate year after year shows that this is a fantastic time to be involved in the landscape industry,” said Landscape Management Editor-in-Chief Seth Jones. “The LM150 list doesn’t just portray what is happening with the 150 largest companies, but with the industry as a whole.”
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