These 48 Manufacturing Corp generated Total Adjusted Earnings growth of 5% in the 2Q 2013 over the 2Q 2012.
Driving this 5% total earnings growth were the 12 Motor Vehicle and Parts Corps, which experienced Total Earnings growth in the 2Q 2013 over the 2Q 2012 of a robust 20%. When the Motor Vehicle and Parts Corps are removed, the remaining 36 Broad-Based Manufacturing Corps generated Total Adjusted Earnings in the 2Q 2013 which were precisely flat with the 2Q 2012.
I think the US economy, US real GDP growth, good-paying US job creation, business profits, and the US Debt level would all be substantially better off if the Obama Administration were to replicate some of its successful strategies used to rescue the Auto Industry to all of US manufacturing, and also even to all of US technology. I'm just saying.
Below here are the earnings of these 48 US Big Broad-Based Manufacturing Corps for the 2Q 2013 and for the comparable 2Q 2012:
2Q 2013 | 2Q 2012 | |||
Adjusted | Adjusted | |||
Net | Net | Adjusted | Adjusted | |
Income | Income | Net | Net | |
From | From | Income | Income | |
Continuing | Continuing | Increase | Increase | |
Operations | Operations | (Decrease) | (Decrease) | |
mil $s | mil $s | Amount | % | |
US Broad-Based Manufacturing Corps | ||||
Ford Motor | 1,833 | 1,203 | 630 | 52% |
United Technologies | 1,552 | 1,466 | 86 | 6% |
General Motors | 1,411 | 1,496 | (85) | -6% |
Boeing | 1,289 | 1,128 | 161 | 14% |
3M | 1,197 | 1,167 | 30 | 3% |
Deere | 1,084 | 1,056 | 28 | 3% |
Honeywell | 1,021 | 902 | 119 | 13% |
Caterpillar | 960 | 1,699 | (739) | -43% |
Emerson Electric | 701 | 764 | (63) | -8% |
Danaher | 617 | 600 | 17 | 3% |
Johnson Controls | 535 | 455 | 80 | 18% |
Chrysler | 530 | 436 | 94 | 22% |
Eaton | 519 | 392 | 127 | 32% |
Illinois Tool Works | 489 | 486 | 3 | 1% |
CNH Global NV | 471 | 355 | 116 | 33% |
Corning | 469 | 388 | 81 | 21% |
Precision Castparts | 436 | 342 | 94 | 27% |
Cummins | 414 | 465 | (51) | -11% |
Delphi Automotive | 388 | 336 | 52 | 15% |
TE Connectivity | 372 | 340 | 32 | 9% |
PPG Industries | 356 | 297 | 59 | 20% |
Ingersoll-Rand | 343 | 372 | (29) | -8% |
Paccar | 292 | 297 | (5) | -2% |
Harley Davidson | 272 | 247 | 25 | 10% |
Parker Hannifin | 271 | 302 | (31) | -10% |
TRW Automotive | 252 | 221 | 31 | 14% |
Dover | 236 | 206 | 30 | 15% |
Rockwell Automation | 216 | 196 | 20 | 10% |
AGCO | 214 | 205 | 9 | 4% |
Whirlpool | 192 | 122 | 70 | 57% |
Stanley Black & Decker | 191 | 189 | 2 | 1% |
Joy Global | 186 | 238 | (52) | -22% |
Goodyear Tire & Rubber | 181 | 85 | 96 | 113% |
Borg Warner | 174 | 121 | 53 | 44% |
Amphenol | 154 | 141 | 13 | 9% |
Pentair | 154 | 73 | 81 | 111% |
Oshkosh | 148 | 77 | 71 | 92% |
Lear | 138 | 135 | 3 | 2% |
Crown Holdings | 137 | 126 | 11 | 9% |
Ametek | 128 | 114 | 14 | 12% |
Ball Corp | 128 | 140 | (12) | -9% |
Flowserve | 120 | 107 | 13 | 12% |
Dana Holdings | 115 | 120 | (5) | -4% |
Pitney Bowes | 106 | 103 | 3 | 3% |
Timken | 89 | 133 | (44) | -33% |
Nucor | 85 | 112 | (27) | -24% |
Xylem | 66 | 116 | (50) | -43% |
US Steel | (51) | 112 | (163) | -146% |
Total all 48 | 21,181 | 20,183 | 998 | 5% |
Total 36 With Motor Vehicle and Parts Corps Removed | 15,447 | 15,409 | 38 | 0% |