ALBUQUERQUE, N.M. — Albuquerque engineering firm Fiore Industries Inc. is rapidly climbing the ranks among New Mexico’s top-performing technology businesses.
Last year, the company had earned eighth place on the Flying 40 list of fast-growing firms with less than $10 million in revenue. But this year, it leapt to No. 4 among companies with more than $10 million after reporting $16.5 million in revenue for 2016.
That’s up 207 percent from the $5.4 million Fiore earned in 2012, and 79 percent from 2015, when it reported $9.2 million in earnings.
Fiore founder, President and CEO Bill Miera says the company is reaping the rewards of a change in strategy a few years ago, while drawing on the broad range of engineering expertise it’s developed since launching in 1989 to expand its horizons.