Sales Growth, Profit Margins Among Private U.S. Companies on Upward Swing, Report Finds
Nearly all employer firms in the U.S. are private (with listed companies representing less than 1 percent), so the performance of private manufacturers is a key barometer of the sector as a whole, according to a report from Sageworks, a provider of financial analysis solutions. In the six-month period ending in January 2013, private manufacturing companies were seeing 9.5 percent annual sales growth, up slightly from the six-month period ending in December 2012.
Profit margins continue to expand, at 6 percent in January compared to 3.7 percent a year ago. Overall, private manufacturing appears to be off to a strong start in 2013, and we’ll continue to monitor their performance in comparison to the monthly durable goods orders.
The full Private Company Report by Sageworks for January 2013, including in-depth data on privately held manufacturing companies, can be found, by clicking here.