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Oct 22, 2001 12:00 AM
According to data from PIA’s (Alexandria, VA) 2001 "Ratios" survey, sheetfed printers’ profits declined from 3.25 percent in 1999 to 2.9 percent in 2000. Major cost areas remained stable as a percent of sales during the past year. In 2000, most printers’ revenues were devoted to three major cost areas: materials, 34 percent; factory payroll, 25.8 percent; and factory expenses, 15.8 percent. Sales per factory employee increased from an average of $151,701 in 1999 to an average of $157,888 in 2000. Sales per all employees increased to an average of $115,946 last year.
Dr. Ron Davis, PIA chief economist, attributes the decline to the slowing economy, tight advertising budgets, the dot-com downturn, as well as competitive pressures in the sheetfed printing market.