June 25

If the Math Ain’t Mathing Part 2: High-Profit Habits

In Part 2 of this Verify Infield conversation, host Jacob Edmond and guest John Van Erem, Executive VP at Adams Group, dive deeper into the real-world strategies that separate high-profit millwork companies from the rest.

This episode goes beyond definitions and digs into plant vs. non-plant produced work, install pitfalls, margin per hour, and the silent killer—slippage. If your shop’s profitability feels like a mystery at the end of every year, this one gives you the math, the mindset, and the metrics to make real change.

About Our Guest

John Van Erem is a financial strategist and operations expert at Adams Group. He’s also an instructor with AWI, where he teaches cost modeling and project management with a no-BS, results-first approach. John is passionate about helping millwork teams use real numbers—not guesses—to improve margin, productivity, and profitability across the board.

What You’ll Learn in This Episode

  1. Plant-Produced vs. Non-Plant Produced Work: Not all revenue is created equal. Learn how high-profit shops generate more work in-house, reduce outsourcing, and keep their production floor full to protect their margins.
  2. Why Install Work Is a Profit Killer: AWI data shows that most firms lose money on installation. John explains why even high-profit firms take a hit and how smarter staffing and subcontracting strategies can reduce the damage.
  3. Margin Per Production Hour: The Metric That Matters: This is the metric every shop should track monthly. It ties contribution margin to your capacity and shows you how much value your team is generating per hour.
  4. Capacity: Your Shop’s Hidden Profit Driver: Understanding and filling your available production hours is critical. John shares how missing just 20% of capacity can cost a shop $1.4M per year in lost revenue and margin.
  5. Why Slippage Destroys Profit: Moving work out of a time slot without replacing it is revenue you’ll never get back. John outlines how to track slippage and why it’s the most overlooked threat to profitability.
  6. How High-Profit Firms Plan Jobs by Time Slot: The best companies don’t just sell projects—they sell time slots. This shift in thinking helps them forecast revenue, plan capacity, and prevent margin erosion.
  7. Strategic Project Pairing: John explains how you can offset low-margin jobs with high-efficiency ones in the same period to keep your average margin per hour on target.
  8. Why Indirect Labor Should Be Your Focus: Learn how indirect costs sneak up and kill your bottom line—and why moving tasks (like drafting and install) from indirect to direct cost categories can dramatically improve accountability.
  9. Tactical Change Orders & Install Billing: Struggling to get paid for rework, storage, or missed schedules? John shares how high-profit firms use proactive change orders—and bill for schedule changes—to recapture lost dollars.
  10. Year-End Surprise: The Real Cost of Slippage: John breaks down a shocking example of how slipping just 20% of production can flip your company from profit to loss—even if you hit your revenue goal.

Where to Learn More

Final Thoughts

What gets measured gets managed—and high-profit firms are measuring everything. From install losses to labor efficiency, John shows how data-backed decisions can stop profit leaks before they start.

If your shop is growing but the bottom line isn’t, this episode will help you rethink your math—and your model.
📌 Missed Part 1? Catch it here: https://duckworksmw.com/podcasts/if-the-math-aint-mathing-part-1-revenue-cost-and-margin