Sales among privately held roofing contractors have increased, on average, 14 percent in the 12 months ended May 1, according to Sageworks’ financial statement analysis. That’s on top of 13.5 percent and 15 percent sales growth in 2017 and 2016, respectively. The average profit margin for roofing contractors was 6 percent in the year ended May 1, topping a steady annual rise from 4 percent in the 12 months ended May 1, 2014. “And like many sub-industries in the construction sector, roofing contractors don’t typically have the fattest margins. “The construction industry is booming for our clients, and experts are predicting continued growth,” says Ed Lloyd, CPA, whose public accounting firm specializes in construction and business development.

Source: Forbes June 03, 2018 10:41 UTC