There were 12 US Big Home Product Corps with Pretax Income of at least $100 mil in the most recent quarter, and which have released their 4Q 2011 earnings so far. Ecolab meets the earnings threshold, but it hasn't released its December 2011 quarter earnings yet, and thus it wasn't included below. It was later shown at the very bottom below.
These 12 Big Home Product Corps' Total Pretax Income in the 4Q 2011 was precisely flat as compared with the 4Q 2010.
Clearly, US Republican Congress obstinance put a strangle hold on the US economy in 4Q 2011, causing a significant downturn in US consumer confidence and much increased US business uncertainty, thereby hampering the performance of these US Big Home Product Corps.
Below here are these 4Q 2011 Pretax Earnings (PTI), along with a comparison with the prior year’s quarter amounts.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................4Q.........4Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Procter & Gamble(1)..............4,075.....4,090.......(15)......0%
Colgate Palmolive.....................908........889........19........2%
Estee Lauder.............................591........502........89.......18%
Kimberly Clark.........................544........640.......(96).....-15%
Avon Products(2).....................246........334.......(88).....-26%
Energizer Holdings...................208........163........45.......28%
Stanley Black & Decker.............177........169..........8.........5%
Clorox(3).................................155........146..........9.........6%
Church & Dwight.......................118..........71........47.......66%
Tupperware..............................114........110..........4.........4%
Newell Rubbermaid..................102..........93..........9.......10%
Celanese.....................................94........130.......(36).....-28%
Total all 12............................7,332.....7,337.........(5).......0%
(1) Procter & Gamble 2011 PTI excludes Intangible Asset Impairment Charge and Gain on Sale of Business.
(2) Avon Products 2011 PTI excludes Intangible Asset Impairment Charge.
(3) Clorox 2010 PTI excludes Goodwill Impairment Charge.
I think it would be smart for the US Government to give wise, measured incentives, both tax and non-tax, for companies like Procter & Gamble to break up into a handful of parts. This not only would be very beneficial for the stockholders of Procter & Gamble, but it also would be great for US job creation. And it would make their businesses so much more competitive.
================================
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................4Q.........4Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Ecolab.....................................130........189........(59)....-31%
