Survey Shows Printing Industry Profits Fall
October 23, 2009
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The sluggish economy and slowing print markets have continued to pull down printers’ profitability. Profits as a percent of sales average 1.5% for all printers participating in the Printing Industries of America 2009–10 Ratios Survey. This is a decrease of 1.6% from last year’s average of 3.1% and the first consecutive decrease since 2001. At this rate the industry will earn approximately $2.5 billion in total profits over the course of the year, down significantly from the prior year’s approximate $5.4 billion in total profits.
The industries profit leaders (printers in the top 25% of profitability) saw their profits drop slightly over the year, decreasing to 9.4% the previous year. For all printers the average profit of 1.5% approximately equals the rate earned in 2003, the year after the bottom of the last recession.
Sales per employee for all printers increased by less than 1% in 2009 to $146,960 (up from $146,247 in 2008). Profit leaders, as always, had significantly higher productivity rates than all printers.
For more information, visit www.printing.org/ratios.
The industries profit leaders (printers in the top 25% of profitability) saw their profits drop slightly over the year, decreasing to 9.4% the previous year. For all printers the average profit of 1.5% approximately equals the rate earned in 2003, the year after the bottom of the last recession.
Sales per employee for all printers increased by less than 1% in 2009 to $146,960 (up from $146,247 in 2008). Profit leaders, as always, had significantly higher productivity rates than all printers.
For more information, visit www.printing.org/ratios.
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