Monday, September 4, 2017

Excluding Boeing Which Had Massive One-Time Earnings Charges in the 2Q 2016, US Transportation Equipment Manufacturing (53) Companies Generated Total Earnings of $12.620 Bil in the 2Q 2017, the Trump Administration's First Full Quarter in Office, Down By 2.5% From Their 2Q 2016 Total Earnings of $12.941 Bil, Despite a Huge Total Earnings Increase in the 2Q 2017 Resulting From Higher US Defense Spending .................................................................................... Boeing 2Q 2017 Earnings Were $1.761 Bil as Compared With a Loss of $0.234 Bil in the 2Q 2016, Which Had 3 Huge Pretax Charges: (1) $1.235 Bil Cost Reclassification to R&D Expense on Two 787 Flight Test Aircraft, (2) $1.188 Bil Reach-Forward Loss on 747 Program and (3) $0.354 Bil Reach-Forward Loss on KC-46 Tanker Program

From a review of the Google Finance Website and of company financial statements in the US SEC website, I found the huge number of 54 Transportation Equipment Manufacturing Companies (SEC Standard Identification Codes 3700s) headquartered in the US with Stock Market Capitalizations of more than $1 Bil very recently and which have filed their Calendar Second Quarter 2017 Financial Statements with the SEC. 

Below here are the Total Reported US GAAP Earnings (Losses) From Continuing Operations for the Second Calendar Quarters of both 2017 and 2016 for each of these 54 US Transportation Equipment Manufacturing Companies.






Calendar Calendar






2Q 17 2Q 16
US Manufacturing Companies


Calendar US GAAP US GAAP Net Net
Other Than Oil & Gas and Technology

Most
2Q 17 Net Net Income Income
Transportation Equipment (SIC 3700s) City State Recent
Month Income Income Better Better
Stock Market Caps Above $1 Bil HQs HQs FYE
End (Loss) (Loss) (Worse) (Worse)





 $ mils  $ mils  $ mils %











Boeing Seattle WA Dec16
June17            1,761             (234)            1,995 NM










All But Boeing








General Motors Detroit MI Dec16
June17            2,433            2,744             (311) -11%
Ford Motor Dearborn MI Dec16
June17            2,050            1,972                 78 4%
United Technologies Farmington CT Dec16
June17            1,532            1,525                   7 0%
Honeywell Morris Plains NJ Dec16
June17            1,400            1,327                 73 6%
Lockeed Martin Bethesda MD Dec16
June17               942               899                 43 5%
General Dynamics Falls Church VA Dec16
June17               749               714                 35 5%
Delphi Automotive PLC Troy MI Dec16
June17               386               271               115 42%
PACCAR Bellevue WA Dec16
June17               373               481             (108) -22%
Lear Corp Southfield MI Dec16
June17               327               295                 32 11%
Harley-Davidson Milwaukee WI Dec16
June17               259               280               (21) -8%
Adient Ltd Plymouth MI Sep16
June17               226                   7               219 3129%
BorgWarner Auburn Hills MI Dec16
June17               221               175                 46 26%
Rockwell Collins Cedar Rapids IA Sep16
June17               179               214               (35) -16%
TransDigm Group Cleveland OH Sep16
June17               169               161                   8 5%
Goodyear Tire & Rubber Akron OH Dec16
June17               154               208               (54) -26%
Textron Providence RI Dec16
June17               153               178               (25) -14%
Huntington Ingalls Industries Newport News VA Dec16
June17               147               133                 14 11%
Oshkosh Corp Oshkosh WI Sep16
June17               129                 84                 45 54%
Autoliv Inc Auburn Hills MI Dec16
June17               128               148               (20) -14%
Thor Industries Inc Elkhart IN Jul16
Apr17               111                 79                 32 41%
Allison Transmission Holdings Indianapolis IN Dec16
June17                 95                 61                 34 56%
WABCO Holdings Rochester Hills MI Dec16
June17                 92                 79                 13 16%
Gentex Zeeland MI Dec16
June17                 89                 86                   3 3%
Dana Holding Corp Maumee OH Dec16
June17                 73                 55                 18 33%
Westinghouse Air Brake Tech Wilmerding PA Dec16
June17                 72                 90               (18) -20%
American Axle & Manufacturing Detroit MI Dec16
June17                 66                 71                 (5) -7%
Polaris Industries Medina MN Dec16
June17                 62                 71                 (9) -13%
Trinity Industries Inc Dallas TX Dec16
June17                 54                 99               (45) -45%
Meritor Inc Troy MI Sep16
June17                 52                 43                   9 21%
Heico Corp Hollywood FL Oct16
Apr17                 51                 44                   7 16%
Visteon Van Buren Township MI Dec16
June17                 48                 39                   9 23%
Cooper Tire & Rubber Findlay OH Dec16
June17                 46                 71               (25) -35%
Cooper-Standard Holdings Inc Novi MI Dec16
June17                 42                 40                   2 5%
LCI Industries Elkhart IN Dec16
June17                 40                 38                   2 5%
Greenbrier Companies Lake Oswego OR Aug16
May17                 31                 60               (29) -48%
Dorman Products Inc Colmar PA Dec16
June17                 28                 26                   2 8%
Wabash National Corp Lafayette IN Dec16
June17                 23                 36               (13) -36%
Patrick Industries Inc Elkhart IN Dec16
June17                 21                 17                   4 24%
Winnebago Industries Inc Forest City IA Aug16
May17                 19                 14                   5 36%
KLX Inc Wellington FL Jan17
Apr17                 18                   3                 15 500%
Standard Motor Products Inc Long Island City NY Dec16
June17                 18                 20                 (2) -10%
AAR Corp Wood Dale IL May17
May17                 15                 12                   3 25%
Tenneco Inc Lake Forest IL Dec16
June17                 15               100               (85) -85%
Fox Factory Holding Corp Scotts Valley CA Dec16
June17                 14                   9                   5 56%
Federal Signal Corp Oak Brook IL Dec16
June17                 12                   9                   3 33%
Gentherm Inc Northville MI Dec16
June17                   9                 18                 (9) -50%
Rev Group Milwaukee WI Oct16
Apr17                   7                   8                 (1) -13%
Triumph Group Berwyn PA Mar17
June17                 (2)                 20               (22) NM
Kratos Defense & Security Solutions Inc San Diego CA Dec16
June17                 (6)               (10)                   4 NM
Axalta Coating Systems Ltd Philadelphia PA Dec16
June17               (19)                 52               (71) NM
Spirit AeroSystems Holdings Wichita KS Dec16
June17               (57)                 45             (102) NM
Navistar Intl Lisle IL Oct16
Apr17               (75)                 13               (88) NM
Tesla Motors Palo Alto CA Dec16
June17             (401)             (293)             (108) NM










Total all 53 Excluding Boeing




         12,620          12,941             (321) -2.5%