MIA Announces 2011 Fabricator Benchmark and Financial Performance Survey

Contact:
Marble Institute of America
(440) 250-9222
networking@marble-institute.com

FOR IMMEDIATE RELEASE

CLEVELAND, OH., October 13, 2011 — In late October, the MIA will be conducting its 4th Fabricator Performance Analysis Survey. The Fabricator Performance Analysis Survey is a report that compares your fabrication company with similar firms and provides suggestions for improving your firm's profitability. The report is customized to your company and used by many firms when working with lenders to discuss loans and lines of credit.

Thanks to the generous sponsorship of Laser Products and Moraware, participating fabricators will only be asked to pay $25 to cover shipping/handling and a portion of the processing fee. This fee is paid when your company financials are submitted.

Paul Menninger, Capitol Granite, LCC and a former Stone World Fabricator of the Year confirmed that, saying, "The value of the MIA Performance Analysis Report to me & my organization at its basic level is two-fold: one, it quantifies what it is we do at all levels in ways we never dreamed of, particularly when addressing financial institutions and; two, it historically tracks my key performance indicators and anonymously compares them to other fabricators of similar size. The value created for the investment cannot be compared anywhere else."

Dick Laliberte, Ripano Stoneworks Ltd. and another former Stone World Fabricator of the Year agreed, "The MIA Report provides a scorecard that allowed our company to improve in areas where we may not be doing as well as the industry as a whole. We have found that just looking at your own historical data does not uncover weaknesses that you may have in your company. By comparing yourself to your peers you can spot the areas that need attention."

Companies that choose to participate can expect to receive a 23-page report that is organized into the following sections, each designed to assist managers in specific areas of inquiry:

  • Executive Summary — Provides an overview of the study results, with emphasis on the difference between the typical firm and the high profit company
  • Detailed Results — In-depth reporting of return on investment, income statement, balance sheet, financial ratios and productivity ratios is provided in this section of the report. Management commentary is provided to focus on the importance of these operating statistics.
  • Appendix — Finally, the appendix provides an overview of the survey methodology and detailed information on the calculation of the financial ratios used in the report.

If you are curious about what exactly you will receive when participating in this program, we are offering last year's report for free. To obtain a free copy of the 23-page 2010 survey (provides an overview of the study results, with emphasis on the difference between the typical firm and the high profit company), contact Mike Loflin at: mloflin@marble-institute.com or visit www.marble-institute.com/survey2011.

About the Marble Institute of America
For over 65 years the Marble Institute of America (MIA) has been the world's leading information resource and advocate for the natural dimension stone industry. MIA members include marble, granite, limestone, sandstone, and other natural stone producers and quarriers, fabricators, installers, distributors, and contractors in over 50 countries around the world.

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