The Quality of Numbers: Analyzing Financial Statements for Contractors

This interactive session, designed for members of the Associated Builders and Contractors of Eastern Pennsylvania, provides a practical overview of contractor financial statements and the key metrics that drive business decisions in the construction industry. Attendees will gain actionable insights on how to interpret financial reports, identify potential issues early, and apply industry benchmarks to strengthen both project performance and overall company results.

Learning Objectives:
By the end of this seminar, participants will be able to:

1. Explain the purpose and key components of contractor financial statements as they relate to construction operations.
2. Use core financial ratios and industry benchmarks to quickly evaluate a contractor’s financial health.
3. Recognize common financial warning signs, including underbillings, overbillings, and profit fade, and understand their impact on performance and risk, including how sureties use this information to make decisions.
4. Apply basic analytical techniques, including backlog evaluation and gain/fade analysis, to support stronger project and company-level decision making.

Presenter:

Matthew Boland, CPA, CCIFP 
CBIZ

Matt Boland is a Managing Director in CBIZ’s West Conshohocken, PA office, providing audit and assurance services to construction industry clients and contractors. Leveraging more than ten years of experience, he leads audit, review, and compilation projects requiring compliance with U.S. generally accepted accounting principles with respect to accounting practices, pronouncements, and disclosures.

Matt has developed a deep understanding of the complexities of accounting in the construction sector. This, coupled with his commitment to delivering tailored, high quality assurance services, enables him to address each client’s unique needs and goals within this industry.