I found 32 Big Corps in 12 smaller Miscellaneous Industries. These 32 Big Corps each had Pretax Income of at least $100 mil in the either the 2Q 2011 or in the 2Q 2010.
These 32 Big Corps generated Total Pretax Income growth of 11% in the 2Q 2011. However, it is clearly a mixed bag.....some with very nice earnings increases, and others not so nice.
Below here are these 2Q 2011 Pretax Earnings (PTI), along with a comparison with the prior year’s quarter amounts.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................2Q.........2Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Apparel and Footwear
Nike..............................OR......773.......683..........90.....13%
VF.................................NC......171........151..........20.....13%
Polo Ralph Lauren.........NY......275.......170........105.....62%
Cintas............................OH......117.........90..........27.....30%
Hanesbrands.................NC......108.........84...........24.....29%
Total of all 5..........................1,444.....1,178........266.....23%
Engineering and Construction
Fluor.............................TX......281.......259..........22.......8%
KBR...............................TX......166.......191.........(25)...-13%
URS...............................CA......146.......130..........16.....12%
Jacobs Engineering........CA......141.........37........104....281%
Total of all 4.............................734.......617........117.....19%
Electric Equipment
Rockwell Automation....WI......221.......156..........65.....42%
Cooper Industries(1).....TX......199.......172..........27.....16%
Whirlpool(2).................MI......152.......227........(75)...-33%
Molex............................IL......109.........61..........48.....79%
Total of all 4............................681.......616...........65.....11%
Waste Management
Waste Management(3)...TX......381.......387..........(6).....-2%
Republic Services(4).....AZ......291.......270..........21.......8%
Total of 2.................................672.......657..........15.......2%
Publishing and Printing
McGraw-Hill.................NY......359.......326..........33.....10%
Gannett........................VA......209.......235.........(26)...-11%
RR Donnelley(5)............IL........89.......122..........(33)...-27%
Total of all 3............................657.......683.........(26)....-4%
Education and Training
Apollo Group(6)...........AZ......343.......433.........(90)...-21%
ITT Educational............IN......130.......157.........(27)...-17%
Devry...........................IL.......109.......101............8.......8%
Washington Post...........DC........75.......158.........(83)...-53%
Total of all 4............................657.......849........(192)...-23%
Cogeneration Power Producer
AES..............................VA......625.......556...........69.....12%
Advertising Agencies
Omnicom Group...........NY......461.......392............69.....18%
Interpublic Group........NY......156.......146............10.......7%
Total of 2................................617........538...........79.....15%
Forest and Paper Products
Intl Paper(7)................TN......422.......229..........193.....84%
Meadwestvaco.............VA......132.........89............43.....48%
Total of 2................................554........318..........236.....74%
Packaging and Containers
Crown Holdings............PA......210.......201............9.......4%
Ball Corp.......................CO......209.......177..........32.....18%
Owens-Illinois(8)..........OH......134.......194.........(60)...-31%
Total of all 3............................553.......572.........(19)....-3%
Natural Gas Transmission and Distribution
EQT...............................PA......138........47..........91....194%
Building Materials
Owens Corning..............OH......107........94..........13.....14%
Total of all 32 Big Corps.........7,439...6,725........714.....11%
(1) Cooper Industries 2010 PTI excludes Loss on Contribution of Net Assets to Apex Tool.
(2) Whirlpool 2011 PTI excludes Charges for Brazilian Collection Dispute and for Embraco Antitrust Matters.
(3) Waste Management 2010 PTI excludes Ligitation Settment Gain.
(4) Republic Services 2011 PTI excludes Loss on Debt Extinguishment.
(5) RR Donnelley 2011 PTI excludes Loss on Debt Extinguishment and Asset Impairment Charge.
(6) Apollo Group 2010 PTI excludes Litigation Loss.
(7) Intl Paper 2011 PTI excludes Loss on Asset Impairments and Sales of Business.
(8) Owens-Illinois 2011 PTI excludes Loss on Debt Retirement.
To go full circle here on 2Q 2011 earnings, since I won't be covering Utilities, I only have two more Industries left to address.....Big Health Care and Big US Defense Contractors. Both should be interesting.
