I found 10 Big Home Product Corps with Pretax Income of at least $100 mil in the most recent quarter.
These 10 Big Home Product Corps generated a Total Pretax Income decline of 4% in the 3Q 2011, a sharp downturn from the 15% earnings growth in the 2Q 2011.
Here's how the US Big Home Product Sector total earnings decline of 4% in the 3Q 2011 stacks up with US Big Oil and US Big Financial.
3Q 2011 Pretax Earnings Growth (Decline) over 3Q 2010:
.....10 US Big Home Product Corps........................(4)%
......4 US Largest Credit Card Corps.......................23%
......7 US Largest Financial Corps..........................25%
.....21 US Next Largest National/Regional Banks...38%
......6 US Largest Oil Corps....................................57%
......7 US Next Largest Oil Corps..........................107%
I don't think it is good for the US economy for its high-quality Big Home Product sector's 3Q 2011 earnings decline to trail the earnings growth of both the US Big Oil sector and the US Big Financial sector by such an incredibly wide gap. I think this gives a good insight into why there is such a huge wealth gap between the 1%ers and the 99% rest of the country, the Occupy Movement's major beef.
The overall US economy and US job creation won't improve dramatically until this earnings growth gap between both US Big Oil and US Big Financial vs. the rest of the US business sectors, including all of small business, is substantially closed.
Below here are these 3Q 2011 Pretax Earnings (PTI), along with a comparison with the prior year’s quarter amounts.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................3Q.........3Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Household and Personal Products
Household and Personal Products
Procter & Gamble 4,095 4,282 (187) -4%
Colgate Palmolive(1) 818 945 (127) -13%
Kimberly Clark 597 644 (47) -7%
Avon Products 241 236 5 2%
Clorox 187 202 (15) -7%
Church & Dwight 126 106 20 19%
Total HH and PPS 6,064 6,415 (351) -5%
Home Equipment and Furnishings
Stanley Black&Decker 189 168 21 13%
Newell Rubbermaid(2) 163 148 15 10%
Beam(3) 153 127 26 20%
Jarden 141 101 40 40%
Total Home Equip&Furn 646 544 102 19%
Total all 10 6,710 6,959 (249) -4%
(1) Colgate Palmolive 2011 PTI excludes Gain on Sale of Business.
(2) Newell Rubbermaid 2011 PTI excludes Intangible Asset Impairment Charge. Its 2010 PTI excludes Loss on Debt Extinguishment.
(3) Beam 2011 PTI excludes both Business Separation Costs and Loss on Debt Extinguishment.
