The 11 Big Industrial Machinery Corps, with Pretax Income of at least $100 mil each in the quarter, reported Total Pretax Income growth of a robust 32% in the most recent 2Q 2011.
These 11 Big Industrial Machinery Corps have had quite a run in the most recent 6 quarters, with Total Pretax Income increasing by 72% in annual 2010, by 58% in the 1Q 2011, and now by 32% in the most recent 2Q 2011.
While this is great earnings growth in the past 6 quarters, this earnings growth rate has been decelerating.
Below here are the Pretax Income (PTI) of these 11 Big Industrial Machinery Corps in the 2Q 2011, along with a comparison with the prior year’s 2Q of 2010:
.............................................2Q.........2Q............
...........................................2011......2010.....Increase...
............................................PTI........PTI.....Amount....%
...........................................(in millions of dollars).........
Illinois Tool Works....IL.......681........585.........96.....16%
Ingersoll-Rand..........NJ......408........301.......107.....36%
Eaton........................OH......396........251.......145.....58%
Parker Hannifin........OH......381.........292.........89.....30%
Dover........................IL......312.........243.........69.....28%
Timken.....................OH......184.........120.........64.....53%
Flowserve.................TX......137.........125.........12.....10%
Ametek.....................PA......137...........97.........40.....41%
Kennametal..............PA......110............57.........53.....93%
Pall Corp...................NY......109.........102..........7......7%
Snap-On(1)................WI......101...........67.........34.....51%
Total all 11........................2,956......2,240.......716.....32%
(1) Snap-On 2011 PTI excludes Arbitration Settlement Gain.
