LEMOINE Achieves Landmark $1 Billion in Revenue

News Summary

LEMOINE has celebrated a remarkable milestone by surpassing $1 billion in annual revenue for the first time. This 76% year-over-year increase showcases the growth of the construction industry in the city. The company, which operates across multiple states, credits its success to diversification and strategic planning. In addition to LEMOINE’s achievements, local competitors also report significant revenue growth, indicating a vibrant construction landscape despite the ongoing challenges in the industry.

Exciting Times for LEMOINE and Local Construction Firms in the City

The construction landscape in the city has become particularly vibrant with some remarkable milestones being reached this year. LEMOINE, a notable player in the construction industry, has struck gold by achieving a whopping over $1 billion in annual revenue for the first time in its history. This achievement not only marks a significant chapter in the company’s journey but also showcases the thriving nature of the construction sector in our area.

A Quick Look at LEMOINE’s Amazing Growth

Just last year, LEMOINE reported an annual revenue of $591 million, but fast forward to 2024, and they’ve skyrocketed to $1.04 billion. This remarkable 76% increase year-over-year is no small feat and serves as a testament to the hard work and strategic planning that has gone into the company’s expansion. The company had set a goal back in 2018 to reach the billion-dollar mark by 2025, perfectly timed with its 50th anniversary.

For context, LEMOINE operates across seven states and employs more than 800 individuals. Their reach is impressive, providing construction services in over 25 U.S. states, alongside Puerto Rico and Guam. Such geographic diversity significantly aids in their revenue growth.

How Did They Do It?

The growth can largely be attributed to the company’s diversification of services over the past decade. LEMOINE has expanded beyond traditional commercial construction to embrace projects focused on disaster recovery, infrastructure repairs, and emergency services. In 2024 alone, they were involved in over 30 disaster response events, deploying more than 1,000 assets and 800 personnel from Florida to North Carolina.

The infrastructure division has witnessed dramatic success, with a 159% increase in backlog, encompassing over 35 infrastructure projects worth more than $205 million. Key projects include vital services like the Laurel Ridge levee extension and the Belle Chasse water treatment plant. In the building construction arena, LEMOINE completed 36 projects with a combined value exceeding $426 million, predominantly in the healthcare and education sectors. It is noteworthy that 71% of their backlog was generated from repeat customers, underscoring their reputation and client satisfaction.

Local Competition Stepping Up

LEMOINE is not alone in this flourishing environment, as several local construction firms are reporting significant revenue gains of their own. Donahue Favret Contractors, Inc. saw an impressive 8.2% increase, climbing from $110 million to $119 million. Rotolo Consultants, Inc. also enjoyed a 6.3% boost, moving from $127 million to $135 million.

Interestingly, Woodward Design+Build made headlines with an enormous 82% revenue jump from $106 million to $193 million. With over 100 years in the industry, they pride themselves on their efficient design-build methods, securing critical projects for teams like the New Orleans Saints and Pelicans.

Even smaller firms are not to be overlooked; Landis Construction reported a substantial 48% increase in revenue to $83 million while expanding operations into Florida. Gulf States Construction Services, though reporting under $100 million, shined brightly with a striking 165% growth, reaching $11.4 million.

Challenges Still Looming

While it’s exhilarating to hear such positive growth stories, the construction industry still faces its fair share of challenges. Rising costs for labor, materials, and heightened insurance prices—largely instigated by the COVID-19 pandemic—remain a concern. Additionally, securing a skilled workforce continues to be an uphill battle, while economic uncertainty complicates project budgeting and timelines.

Nonetheless, the recent successes of LEMOINE and other local firms paint a hopeful picture for the future of construction in the city. As they continue to thrive and adapt, the excitement in the industry is palpable, paving the way for even more expansive developments ahead.

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Additional Resources

• New Orleans CityBusiness: Top Private Companies 2025
• NOLA: New Orleans Startup Prokeep Hits Milestone
• Biz New Orleans: New Fund Helps Small Louisiana Contractors
• Wikipedia: Construction Industry
• Encyclopedia Britannica: Construction