Monday, April 9, 2012

US Big Farm and Construction Equipment Manufacturing Corps 2011 Annual Earnings on Fire Under Obama

There are 7 US Big Farm and Construction Equipment Manufacturing Corps which generated Pretax Income or Pretax Losses of more than $200 mil in any of the most recent three years.

The earnings of these US Big Farm and Construction Equipment Manufacturing Corps have rocketed under the Obama Administration.

For the most recent fiscal year 2011, these 7 US Big Farm and Construction Equipment Manufacturing Corps registered Total Pretax Income of $15.0 bil, which was an increase of an exceptionally strong 62% over 2010, and an increase of an off-the-charts 412% over 2009.


In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Asset Impairment Charges.

Clearly, the Obama Administration has created a US economic environment which has permitted these US Big Farm and Construction Equipment Manufacturing Corps to flat out flourish.

Below here is the Pretax Income and Pretax Losses of these 7 US Big Farm and Construction Equipment Manufacturing Corps for each of the most recent three years.




Obama





Bump




PTI PTI

1 Year 2 Year

PTI(L) PTI(L) PTI(L) % %

2011 2010 2009 Change Change
mils $s mils $s mils $s

Farm&Construction Equipment




Caterpillar 6,725 3,750 569 79% 1082%
Deere 4,223 3,025 1,339 40% 215%
CNH Global NV 1,151 416 (93) 177% 1338%
Dover 1,095 899 494 22% 122%
Joy Global 896 679 683 32% 31%
AGCO 561 275 154 104% 264%
Sauer Danfoss 339 195 (220) 74% 254%




Total all 7 14,990 9,239 2,926 62% 412%