I made numerous posts on the 3Q 2011 Earnings of US Big Corps in many large Sectors.
In this second to the final post on 3Q 2011 Earnings, I am addressing the remaining 15 Sectors, excluding Utilities, which I don't cover.
There were 59 US Big Corps spread across 15 Other Sectors, with Pretax Income or Loss of just short of $100 mil or higher in either the 3Q 2011 or the 3Q 2010.
Given the depth of the industries and that these 59 Corps are located all across the US, their earnings growth should give a good perspective on how US Big Corps did financially in the most recent 3Q 2011.
So, how did they do? Frankly, generally fantastic.
The Total Pretax Earnings growth of these 59 Big Corps was a very impressive 21% in the most recent 3Q 2011.
The CEOs, Board of Directors, and employees of a clear majority of these 59 Big Corps have to be very pleased with how the Obama Administration has created an excellent economic environment for these Big Corps to flourish.
What is needed now is to create the same proper economic environment, along with wise directly-targeted US Government initiatives, that will permit the 99%ers also to flourish and find decent full-time jobs, at a fair wage. This is a key objective of the brave, very perceptive Occupy Movement.
Below here are these 59 US Big Corps, first sorted by 3Q 2011 Pretax Earnings size. Later below, I'll also show these 59 Big Corps, sorted by Sector.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................3Q.........3Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Emerson Electric 1,093 838 255 30%
Nike 852 755 97 13%
Illinois Tool Works 690 577 113 20%
McGraw-Hill 589 611 (22) -4%
Danaher(12) 581 524 57 11%
Sysco 480 477 3 1%
International Paper(11) 463 547 (84) -15%
Eaton 432 305 127 42%
Waste Management 421 411 10 2%
Parker Hannifin 412 336 76 23%
VF 404 335 69 21%
Ingersoll-Rand(1) 396 349 47 13%
Polo Ralph Lauren 348 306 42 14%
Omnicom Group 342 284 58 20%
AES(13) 320 262 58 22%
Dover 307 257 50 19%
WW Grainger 300 250 50 20%
Republic Services 296 230 66 29%
Nucor 284 58 226 390%
Alcoa 280 60 220 367%
Rockwell Automation 256 158 98 62%
Genuine Parts 247 212 35 17%
Crown Holdings 245 208 37 18%
CHS 237 171 66 39%
Fluor 231 25 206 824%
Apollo Group(9) 229 317 (88) -28%
Avnet(5) 196 174 22 13%
Amphenol(3) 191 180 11 6%
Cooper Industries 189 179 10 6%
Arrow Electronics 186 167 19 11%
Ball Corp 186 197 (11) -6%
Timken 182 111 71 64%
URS(8) 173 153 20 13%
Meadwestvaco 170 112 58 52%
Gannett 157 169 (12) -7%
Interpublic Group(10) 155 69 86 125%
Owens Corning 149 41 108 263%
Owens-Illinois 148 188 (40) -21%
US Steel(6) 147 (195) 342 175%
Jacobs Engineering 145 120 25 21%
Flowserve 140 140 0 0%
Ametek 139 109 30 28%
KBR 137 160 (23) -14%
Airgas 124 107 17 16%
Molex 119 111 8 7%
Reliance Steel&Alum 119 73 46 63%
Hanesbrands 114 77 37 48%
Cintas 112 89 23 26%
ITT Educational 110 152 (42) -28%
Pall Corp(2) 109 110 (1) -1%
Snap-On 98 71 27 38%
Kennametal 96 50 46 92%
Allegheny Technologies 95 10 85 850%
RR Donnelley 94 92 2 2%
Devry 80 112 (32) -29%
Whirlpool(4) 58 169 (111) -66%
Washington Post 13 145 (132) -91%
AK Steel (7) (100) 93 93%
Aleris Intl(7) (140) (43) (97) -226%
Total all 59 in 15 Sectors 14,719 12,162 2,557 21%
Below here are the 3Q 2011 Pretax Income (PTI) for these 59 US Big Corps, sorted by Sector.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................3Q.........3Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Big Industrial Machinery Corps
Illinois Tool Works 690 577 113 20%
Eaton 432 305 127 42%
Parker Hannifin 412 336 76 23%
Ingersoll-Rand(1) 396 349 47 13%
Dover 307 257 50 19%
Timken 182 111 71 64%
Flowserve 140 140 0 0%
Ametek 139 109 30 28%
Pall Corp(2) 109 110 (1) -1%
Snap-On 98 71 27 38%
Kennametal 96 50 46 92%
Total all 11 3,001 2,415 586 24%
Electronics Electrical Equipment
Emerson Electric 1,093 838 255 30%
Rockwell Automation 256 158 98 62%
Amphenol(3) 191 180 11 6%
Cooper Industries 189 179 10 6%
Molex 119 111 8 7%
Whirlpool(4) 58 169 (111) -66%
Total all 6 1,906 1,635 271 17%
Big Wholesaler Corps
Wholesale Food & Grocery
Sysco 480 477 3 1%
CHS 237 171 66 39%
Total of 2 Food&Grocery 717 648 69 11%
Wholesale Diversified
WW Grainger 300 250 50 20%
Genuine Parts 247 212 35 17%
Airgas 124 107 17 16%
Reliance Steel&Alum 119 73 46 63%
Total of 4 Diversified 790 642 148 23%
Wholesale Electronics
Avnet(5) 196 174 22 13%
Arrow Electronics 186 167 19 11%
Total of 2 Electronics 382 341 41 12%
Total of all 8 Wholesalers 1,889 1,631 258 16%
Apparel and Footwear
Nike 852 755 97 13%
VF 404 335 69 21%
Polo Ralph Lauren 348 306 42 14%
Hanesbrands 114 77 37 48%
Cintas 112 89 23 26%
Total all 5 1,830 1,562 268 17%
Metal Corps
Nucor 284 58 226 390%
Alcoa 280 60 220 367%
US Steel(6) 147 (195) 342 175%
Allegheny Technologies 95 10 85 850%
AK Steel (7) (100) 93 93%
Aleris Intl(7) (140) (43) (97) -226%
Total all 6 659 (210) 869 414%
Engineering and Construction
Fluor 231 25 206 824%
URS(8) 173 153 20 13%
Jacobs Engineering 145 120 25 21%
KBR 137 160 (23) -14%
Total all 4 686 458 228 50%
Waste Management
Waste Management 421 411 10 2%
Republic Services 296 230 66 29%
Total of 2 717 641 76 12%
Publishing and Printing
McGraw-Hill 589 611 (22) -4%
Gannett 157 169 (12) -7%
RR Donnelley 94 92 2 2%
Total all 3 840 872 (32) -4%
Education and Training
Apollo Group(9) 229 317 (88) -28%
ITT Educational 110 152 (42) -28%
Devry 80 112 (32) -29%
Washington Post 13 145 (132) -91%
Total all 4 432 726 (294) -40%
Advertising Agencies
Omnicom Group 342 284 58 20%
Interpublic Group(10) 155 69 86 125%
Total of 2 497 353 144 41%
Forest and Paper Products
International Paper(11) 463 547 (84) -15%
Meadwestvaco 170 112 58 52%
Total of 2 633 659 (26) -4%
Packaging and Containers
Crown Holdings 245 208 37 18%
Ball Corp 186 197 (11) -6%
Owens-Illinois 148 188 (40) -21%
Total of all 3 579 593 (14) -2%
Industrial Instruments
Danaher(12) 581 524 57 11%
Cogeneration Power Producer
AES(13) 320 262 58 22%
Building Materials
Owens Corning 149 41 108 263%
Total 59 all in 15 Sectors 14,719 12,162 2,557 21%
(1) Ingersoll-Rand 2011 PTI excludes Loss on Asset Sales and Impairments.
(2) Pall Corp 2010 PTI excludes Loss on Debt Extinguishment.
(3) Amphenol 2011 PTI excludes Flood Casualty Loss Charge.
(4) Whirlpool 2010 PTI excludes Antitrust Settlement Charge.
(5) Avnet 2010 PTI excludes Gain on Bargain Purchase.
(6) US Steel PTI and PTL excludes in both years Foreign Exchange Gains and Losses.
(7) Aleris International 2011 PTI excludes Loss on Derivatives.
(8) URS 2011 PTI excludes Goodwill Impairment Charge.
(9) Apollo Group 2010 PTI excludes Intangible Asset Impairment Charge.
(10) Interpublic Group 2011 PTI excludes Gain from Sale of Facebook Investment.
(11) International Paper 2011 PTI exclude Loss on Sale of Business and Asset Impairment Charge.
(12) Danaher 2010 PTI excludes Gain on Contribution to Joint Venture.
(13) AES PTI in both years excludes in both years Foreign Exchange Gains and Losses.
