I previously made numerous posts on the 3Q 2011 Earnings of US Big Corps in all of the Non-Utility Sectors.
In this final post on 3Q 2011 Earnings, I am addressing my late Big Corp 3Q 2011 Additions, and even later ones, which I discovered from a much more exhaustive review of SEC filings.
There were 105 US Big Corp Late, and even Later, Additions spread across many 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 105 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, fantastic.
The Total Pretax Earnings growth of these 105 Big Corps was an exceptionally robust 34% in the most recent 3Q 2011.
The CEOs, Board of Directors, employees, and stockholders of a clear majority of these 105 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 courageous, driven, very perceptive Occupy Movement.
Below here are these 105 US Big Corps, first sorted by 3Q 2011 Pretax Earnings size. Later below, I'll also show these 105 Big Corps, sorted by Sector.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................3Q.........3Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Late Additions
HollyFrontier 836 91 745 819%
Covidien Ltd 573 380 193 51%
Tyco Intl 442 335 107 32%
Royal Caribbean 399 350 49 14%
Mattel 386 347 39 11%
Hertz 308 168 140 83%
Wyndham WW 271 235 36 15%
American Capital Agency 252 60 192 320%
Joy Global 230 168 62 37%
Hasbro 221 219 2 1%
Avis Budget Group(1) 202 144 58 40%
CVR Energy 189 36 153 425%
Helmerich&Payne 188 131 57 44%
HCP REIT 158 94 64 68%
Manpower 147 101 46 46%
Western Refining 131 12 119 992%
Aecom Technology 125 101 24 24%
Tyson Foods 125 323 (198) -61%
Dick's Sporting Goods 122 84 38 45%
Nalco Holding 121 93 28 30%
Raymond James Fincl 119 99 20 20%
Silgan Holdings 119 100 19 19%
Unisys 117 51 66 129%
Dolby Labs 117 99 18 18%
McCormick 116 114 2 2%
Sunoco(2) 114 69 45 65%
Guess(3) 113 96 17 18%
Eaton Vance 112 72 40 56%
Fossil 112 111 1 1%
Hunt JB Transport 112 85 27 32%
EQT(4) 106 57 49 86%
Polaris Industries 104 70 34 49%
F5 Networks 103 76 27 36%
PVH Corp(5) 102 5 97 1940%
Sealed Air 100 106 (6) -6%
Spirit Aero Systems 100 72 28 39%
Health Net 99 102 (3) -3%
Green Mountain Coffee 99 40 59 148%
Chipotle 98 78 20 26%
East West Bancorp 98 74 24 32%
Wabco Holdings 96 58 38 66%
United Rentals 96 38 58 153%
Chicago Bridge&Iron 94 74 20 27%
Transdigm Group 94 76 18 24%
Valspar 94 107 (13) -12%
Autodesk 94 80 14 18%
SM Energy(6) 93 25 68 272%
Tempur Pedic 93 64 29 45%
Stericycle 92 88 4 5%
Triumph Group 91 63 28 44%
Deckers Outdoor 91 67 24 36%
Sara Lee 90 98 (8) -8%
Urban Outfitters 89 107 (18) -17%
AmeriGroup 77 135 (58) -43%
Vornado Realty REIT 70 125 (55) -44%
Huntsman(7) 66 98 (32) -33%
Chimera Investm REIT 66 117 (51) -44%
Teradyne 57 152 (95) -63%
Legg Mason 56 103 (47) -46%
Genworth 46 140 (94) -67%
McDermott Intl(8) 36 105 (69) -66%
Cincinnati Financial 11 221 (210) -95%
Navistar Intl(9) 10 148 (138) -93%
AOL(10) 7 95 (88) -93%
Freescale SemiCdtr(11) (19) (156) 137 88%
First Data (77) (365) 288 79%
Gen Growth Prop REIT(12) (92) (150) 58 39%
Monsanto (93) (281) 188 67%
Old Republic (183) (61) (122) -200%
PHH (242) (2) (240) NM
Total 70 Late Addts 8,831 6,609 2,222 34%
Late Late Additions
Toyota Motor Credit 730 434 296 68%
Estee Lauder 414 282 132 47%
General Motors Fincl 177 91 86 95%
Amerco 161 136 25 18%
American Fincl Grp 155 208 (53) -25%
Energen 137 60 77 128%
Protective Life 131 107 24 22%
Rock-Tenn 127 96 31 32%
WR Grace 122 72 50 69%
Hubbell 118 109 9 8%
Jones Financial Cos 116 97 19 20%
Penn Natl Gaming 109 83 26 31%
Global Payments 107 79 28 35%
Dollar Thrifty 106 78 28 36%
Gardner Denver 104 63 41 65%
MDU Resources 102 92 10 11%
Affiliated Managers 100 93 7 8%
Commerce Bancshrs 98 82 16 20%
Towers Watson 96 59 37 63%
Rayonier REIT 96 79 17 22%
MSC Industrial Direct 94 70 24 34%
Quanta Services 93 95 (2) -2%
Adv Micro Devices 92 69 23 33%
Donaldson 90 73 17 23%
Bemis 87 99 (12) -12%
HCC Insurance 83 132 (49) -37%
AVX 81 95 (14) -15%
SEI Investments 75 91 (16) -18%
Veeco Instruments 74 96 (22) -23%
Markel Corp 67 91 (24) -26%
Pulte Group 38 (96) 134 140%
ON Semiconductor (32) 93 (125) -134%
Zale (32) (97) 65 67%
Toys R Us (62) (96) 34 35%
Hawker Beechcraft (75) (118) 43 36%
Total 35 Late Late Addts 3,979 2,997 982 33%
Total all 105 12,568 9,414 3,154 34%
(1) Avis Budget Group 2011 PTI excludes Acquisition Related Cost Charges.
(2) Sunoco 2011 PTI excludes Asset Impairment Charges. Its 2010 PTI excludes Gain on Pipeline Equity Investment Remeasurement.
(3) Guess 2011 PTI excludes Settlement Charge.
(4) EQT 2011 PTI excludes Gains on Dispositions.
(5) PVH Corp 2010 PTI excludes Acquistion Hedging Loss.
(6) SM Energy 2011 PTI exclude both Gains on Derivatives and Asset Impairment Charges.
(7) Huntsman 2011 PTI excludes Asset Impairment Charges.
(8) McDermott Intl 2010 PTI excludes Asset Impairment Charges.
(9) Navistar Intl 2011 PTI excludes Asset Impairment Charges.
(10) AOL 2010 PTI excludes Gain on Sale of Business.
(11) Freescale SemiConductor 2011 PTI excludes Loss on Debt Extinguishment.
(12) General Growth Properties REIT 2011 PTI excludes Warrant Credit Adjustment.
And below here is the Pretax Income (PTI) for the 3Q 2011, as compared with the 3Q 2010, of these 105 US Big Corp Late, and even Later, Additions, sorted by Sector.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................3Q.........3Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Late Additions
Oil&Gas
..HollyFrontier 836 91 745 819%
..CVR Energy 189 36 153 425%
..Helmerich&Payne 188 131 57 44%
..Western Refining 131 12 119 992%
..Sunoco 114 69 45 65%
..EQT 106 57 49 86%
..SM Energy 93 25 68 272%
..Total of all 7 1,657 421 1,236 294%
Chemicals
..Nalco Holding 121 93 28 30%
..Valspar 94 107 (13) -12%
..Huntsman 66 98 (32) -33%
..Monsanto (93) (281) 188 67%
..Total all 4 188 17 171 1006%
Conglomerates
..Tyco Intl 442 335 107 32%
Foods
..Tyson Foods 125 323 (198) -61%
..McCormick 116 114 2 2%
..Sara Lee 90 98 (8) -8%
..Total all 3 331 535 (204) -38%
Health Insurance
..Health Net 99 102 (3) -3%
..AmeriGroup 77 135 (58) -43%
..Total of both 176 237 (61) -26%
Home Products
..Tempur Pedic 93 64 29 45%
Insurance
..Life Insurance
….Genworth 46 140 (94) -67%
..Property Casualty Insurance
….Cincinnati Financial 11 221 (210) -95%
..Surety Insurance
….Old Republic (183) (61) (122) -200%
Leisure and Entertainment
..Royal Caribbean 399 350 49 14%
..Mattel 386 347 39 11%
..Wyndham WW 271 235 36 15%
..Hasbro 221 219 2 1%
..Polaris Industries 104 70 34 49%
..Green Mountain Coffee 99 40 59 148%
..Total all 6 1,480 1,261 219 17%
Motor Vehicles and Parts
..Wabco Holdings 96 58 38 66%
..Navistar Intl 10 148 (138) -93%
..Total of both 106 206 (100) -49%
National/Regional Banks
..East West Bancorp 98 74 24 32%
Other Financial
..Brokers and Investment Advice
….Raymond James Fincl 119 99 20 20%
….Eaton Vance 112 72 40 56%
….Legg Mason 56 103 (47) -46%
..Financial Data Services
….First Data (77) (365) 288 79%
..Diversified Financial Services
….American Capital Agency 252 60 192 320%
….PHH (242) (2) (240) NM
..Other Financial
….HCP REIT 158 94 64 68%
….Vornado Realty REIT 70 125 (55) -44%
….Gen Growth Prop REIT (92) (150) 58 -39%
..Financial REIT Investment Firms
….Chimera Investm REIT 66 117 (51) -44%
..Rental Firms
….Hertz 308 168 140 83%
….Avis Budget Group 202 144 58 40%
….United Rentals 96 38 58 153%
...Total of all 3 606 350 256 73%
Health Care
..Covidien Ltd 573 380 193 51%
Retail
..Dick's Sporting Goods 122 84 38 45%
..Guess 113 96 17 18%
..Chipotle 98 78 20 26%
..Urban Outfitters 89 107 (18) -17%
..Total all 4 422 365 57 16%
Technology
..Unisys 117 51 66 129%
..Dolby Labs 117 99 18 18%
..F5 Networks 103 76 27 36%
..Autodesk 94 80 14 18%
..AOL 7 95 (88) -93%
..Freescale SemiCdtr (19) (156) 137 88%
..Total all 6 419 245 174 71%
Transportation
..Hunt JB Transport 112 85 27 32%
Other Sectors
..Aircraft Parts and Equipment
….Spirit Aero Systems 100 72 28 39%
….Transdigm Group 94 76 18 24%
….Triumph Group 91 63 28 44%
..Apparel and Footwear
….PVH Corp 102 5 97 1940%
….Deckers Outdoor 91 67 24 36%
..Employment
….Manpower 147 101 46 46%
..Engineering and Construction
….Aecom Technology 125 101 24 24%
….Chicago Bridge&Iron 94 74 20 27%
..Industrial Instruments
….Teradyne 57 152 (95) -63%
..Industrial Machinery
….McDermott Intl 36 105 (69) -66%
..Mining Equipment
….Joy Global 230 168 62 37%
..Packaging and Containers
….Silgan Holdings 119 100 19 19%
..Paper and Paperboard
….Sealed Air 100 106 (6) -6%
..Waste Management
….Stericycle 92 88 4 5%
..Watches and Clocks
….Fossil 112 111 1 1%
Total all 70 8,831 6,609 2,222 34%
Late Late Additions
Chemicals
..WR Grace 122 72 50 69%
Home Products
..Estee Lauder 414 282 132 47%
Insurance
..Life Insurance
….Protective Life 131 107 24 22%
..Property Casualty Insurance
….American Fincl Grp 155 208 (53) -25%
….HCC Insurance 83 132 (49) -37%
….Markel Corp 67 91 (24) -26%
Leisure and Entertainment
..Penn Natl Gaming 109 83 26 31%
Mining
..MDU Resources 102 92 10 11%
National/Regional Banks
..Commerce Bancshrs 98 82 16 20%
Oil&Gas
..Energen 137 60 77 128%
Other Financial
..Brokers and Investment Advice
….Jones Financial Cos 116 97 19 20%
….Affiliated Managers 100 93 7 8%
….SEI Investments 75 91 (16) -18%
..Diversified Financial Services
….Toyota Motor Credit 730 434 296 68%
….General Motors Fincl 177 91 86 95%
..Financial Data Services
….Global Payments 107 79 28 35%
..Rental
….Amerco 161 136 25 18%
….Dollar Thrifty 106 78 28 36%
Retail
..Zale (32) (97) 65 67%
..Toys R Us (62) (96) 34 35%
Technology
..Adv Micro Devices 92 69 23 33%
..ON Semiconductor (32) 93 (125) -134%
Other
..Aircraft Parts and Equipment
….Hawker Beechcraft (75) (118) 43 36%
..Electrical Equipment
….Hubbell 118 109 9 8%
….AVX 81 95 (14) -15%
..Engineering and Construction
….Quanta Services 93 95 (2) -2%
..Forest and Forest Products
….Rayonier REIT 96 79 17 22%
..Homebuilding
….Pulte Group 38 (96) 134 140%
..Industrial Machinery
….Gardner Denver 104 63 41 65%
….Donaldson 90 73 17 23%
….Veeco Instruments 74 96 (22) -23%
..Management Consulting
….Towers Watson 96 59 37 63%
..Packaging and Containers
….Rock-Tenn 127 96 31 32%
..Paper and Paperboard
….Bemis 87 99 (12) -12%
..Wholesale Diversified
….MSC Industrial Direct 94 70 24 34%
Total 35 Late Late Addts 3,979 2,997 982 33%
Total all 105 12,568 9,414 3,154 34%
