Awards July 24, 2024
Counselor Top 40 Suppliers 2024: No. 1 SanMar
Counselor’s exclusive ranking of the suppliers with the most revenue in the promotional products industry.
SanMar
(asi/84863)
Company Snapshot
Revenue figures are in $millions
Previous Rank: 1
2023 Revenue: $3,600.0 (Estimate with guidance)
2022 Revenue: $3,400.0
Year-Over-Year Difference: 5.9%
2021 Revenue: $2,880.0
Top Company Officer: Jeremy Lott, CEO
Year Founded: 1971
Headquarters: Issaquah, WA
SanMar further strengthened its grip on the #1 spot by increasing sales (according to Counselor’s estimates) by nearly 6% in 2023, which translates to an additional $200 million in sales. There’s now a nearly $1.5 billion gap between the Issaquah, WA-based company and its closest competitors. CEO and Counselor Power 50 member Jeremy Lott says the firm’s top achievements last year were “managing through the inventory challenges of the prior two years and entering 2024 in the best place from an inventory and service perspective since before the pandemic.” Another highlight: The supplier was recognized as a U.S. Best Managed company in May by Deloitte Private and The Wall Street Journal.