U.S. businesses have been growing their sales and expanding their profit margins at a healthy and consistent pace over the past year, according to the latest quarterly analysis of private-company financial statements by Sageworks,
Strength in construction has contributed to overall private-company results, but a few key sectors, such as the manufacturing and transportation industries, are seeing slower growth than previous periods, Sageworks noted. Sales for private companies on average are increasing at an annual rate of 8 percent as of June. The average privately held company is also making more than 7 cents of profit for each dollar in sales (a 7.2 percent net profit margin).
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