Cool Made: Florida manufacturers overcome obstacles

On both a national level and within Florida, manufacturing is on the rise — in multiple metrics.

Nationally, for example, the average industry annual sales growth per company and average net profit margins per company are on five-year high marks, according to data firm Sageworks. On sales, the average growth is 10% in fiscal 2018, up from 4.2% in 2017, Raleigh, N.C.-based Sageworks reports. The average net profit margin is 5.6% — the first time since 2014 it surpassed 5%.