Growth Stalls in a Tight Economy
Because most of the Top 100 Manufacturers are privately held companies, they are not required to publicly report their profits. As such, reporting on profitability is an inexact science at best. However, to provide an idea of what the Top 100 Manufacturers experienced this year, we can look at a prominent, publicly held independent manufacturer—Ennis Business Forms.
Over the past year, the stock price of Ennis has risen from a little more than $8 per share to more than $12 per share as of this writing. The company reported net profits of 6.3 percent for its most recent fiscal year and 6.7 percent for its most recent quarterly period. Moore, a direct-selling publicly held industry manufacturer, reported net earnings of 2.6 percent for its most recent fiscal quarter, which is a marked improvement over recent years.
The hope is that despite a shaky economy, most of the independent manufacturers are profitable this year. If the economy begins to expand again soon, the industry should emerge stronger than ever.
By Bill Drennan & Sarah Lerow
Note: All numbers used for this analysis are based on the sales totals provided by the manufacturers listed on our Top 100 chart. All of the manufacturers included in the chart indicated that a significant portion of their products are sold through the distributor channel.