Awards July 24, 2024
Counselor Top 40 Distributors 2024: No. 8 BAMKO
Counselor’s exclusive ranking of the distributors with the most revenue in the promo products market.
BAMKO
(asi/131431)
Company Snapshot
Revenue figures are in $millions
Previous Rank: 8
2023 Revenue: $342.7
2022 Revenue: $387.9
Year-Over-Year Difference: -11.7%
2021 Revenue: $215.8
Top Company Officer: Jake Himelstein, President
Year Founded: 1999
Headquarters: Los Angeles, CA
Financials Certified By: Jake Himelstein
This Counselor Best Places to Work company says that its double-digit sales decline was due to reduced merch investment from clients that included technology companies, which experienced challenges last year that led to layoffs and marketing budget cool-downs. While sales fell, BAMKO’s earnings before interest, taxes, depreciation and amortization (EBITDA) increased 6.4% in 2023. In the first quarter of 2024, BAMKO reported a 6% year-over-year sales increase and a 32% rise in before-tax earnings – momentum the firm aims to continue. The company is planning to scale up its commercial printing and hired a new VP (Michael O’Neal) in June to spearhead that effort.