US Big Home Products Corps 2012 Annual Earnings Down 0.2%, But Earnings Per Share Up 1.8%

I found 3 US Big Home Products Corps filing with the SEC which generated Non-GAAP Adjusted After-tax Net Income or Net Loss of over $1 bil each in either annual 2012 or annual 2011.

Non-GAAP Adjusted After-tax Net Income, which is generally used by the investment community to value common stocks, was used when this amount was disclosed in the company's earnings release, and it excludes Special, Unusual Items which are significant in amount relative to Reported GAAP Net Income.

The Total Non-GAAP Adjusted After-tax Net Income of these 3 US Big Home Products Corps was $16.0 bil in annual 2012, down 0.2% from annual  2011.  On an Earnings Per Share basis, they experienced a better 1.8% growth due to their heavy common stock buybacks.

Below here is the Non-GAAP Adjusted After-tax Net Income for both annual 2012 and 2011 for each of these 3 US Big Home Products Corps:

							EPS
							Growth
				Non-GAAP	Non-GAAP		Over
		Annual	Annual	Adjusted	Adjusted		Earnings
		2012	2011	Net	Net	Adjusted	Growth
		Non-GAAP	Non-GAAP	Income	Income	EPS	Positive
		Adjusted	Adjusted	Increase	Increase	Increase	%
		Net	Net	(Decrease)	(Decrease)	(Decrease)	Spread
Company	FYE	Income	Income	Amount	%	%
		mils of $s	mils of $s	mils of $s
Home Products
Procter & Gamble	Jun	11,324	11,617	(293)	-2.5%	-0.5%	2.0%
Colgate Palmolive	Dec	2,574	2,473	101	4.1%	6.6%	2.5%
Kimberly Clark	Dec	2,078	1,915	163	8.5%	9.4%	0.9%
Total all 3		15,976	16,005	(29)	-0.2%	1.8%	2.0%