Profit Margins Vary by Market Sector

TRSA’s 2024 Industry Performance Report, compiled from members’ data from their 2023 income statements and balance sheets, again quantified variations in financial achievement among linen, uniform and facility services companies, and the markets they serve. In the annual survey, median profit margins for respondents from the industrial segment were at their highest in the past five years and the highest for all four segments (9.9%). The mixed segment experienced a notable decline; healthcare and F&B linen were stable with a slight increase in healthcare and relatively flat number for F&B linen, aligning ...