Sunday, September 3, 2017

US Chemicals and Allied Products Manufacturing (a Huge 56) Companies Generated Total Earnings of $11.3 Bil in the 2Q 2017, the Trump Administration's First Full Quarter in Office, Down Sharply By 11% From Their 2Q 2016 Total Earnings of $12.6 Bil ..................................................................................... US Capitalism Under the Trump Administration, Directed Mainly By Donald Trump and Ex Goldman Sachs Partners Steven Mnuchin and Gary Cohn, Is Seriously Broken When the Two Largest US Banks (JPMorgan Chase and Wells Fargo) Generate 14% More in Total Earnings in the 2Q 2017, or $12.877 Bil, Than the Entire Massive, Very Broad, Critical US Chemical and Allied Products Manufacturing Industry, With 56 Companies Posting 2Q 2017 Total Earnings of $11.290 Bil and With So Many Good-Paying US Jobs

From a review of the Google Finance Website and of company financial statements in the US SEC website, I found the huge number of 56 Chemicals and Allied Products Manufacturing Companies  (SEC Standard Identification Codes 2800s) 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 56 largest Chemicals and Allied Products 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
Chemicals and Allied Products (SIC 2800s)  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 %









Procter & Gamble Cincinnati OH Jun17
June17            2,202            2,008               194 10%
Dow Chemical Midland MI Dec16
June17            1,359            3,227          (1,868) -58%
LyondellBasell Houston TX Dec16
June17            1,134            1,092                 42 4%
Dupont Wilmington DE Dec16
June17               859            1,027             (168) -16%
Monsanto St Louis MO Aug16
May17               847               715               132 18%
Colgate-Palmolive New York NY Dec16
June17               560               638               (78) -12%
PPG Industries Pittsburgh PA Dec16
June17               509               345               164 48%
Praxair Danbury CT Dec16
June17               420               409                 11 3%
Estee Lauder New York NY Jun17
June17               300               266                 34 13%
Ecolab St Paul MN Dec16
June17               298               264                 34 13%
Eastman Chemical Kingsport TN Dec16
June17               294               257                 37 14%
Celanese Irving TX Dec16
June17               241               223                 18 8%
Clorox Oakland CA Jun17
June17               202               165                 37 22%
Kronos Worldwide Inc Dallas TX Dec16
June17               197                   2               195 9750%
Huntsman Corp Woodlands TX Dec16
June17               184                 95                 89 94%
Chemours Co Wilmington DE Dec16
June17               161               (18)               179 NM
Westlake Chemical Houston TX Dec16
June17               159               116                 43 37%
Scotts Miracle-Gro Marysville OH Sep16
June17               152               127                 25 20%
RPM Intl Medina OH May17
May17               129               154               (25) -16%
Albemarle Corp Charlotte NC Dec16
June17               114                 96                 18 19%
Intl Flavors & Fragrances New York NY Dec16
June17               110               117                 (7) -6%
Air Products & Chemicals Allentown PA Sep16
June17               106               256             (150) -59%
Mosaic Plymouth MN Dec16
June17                 97               (11)               108 NM
Valspar Corp Minneapolis MN Oct16
Apr17                 76                 80                 (4) -5%
Church & Dwight Ewing NJ Dec16
June17                 73               112               (39) -35%
NewMarket Corp Richmond VA Dec16
June17                 63                 64                 (1) -2%
Hexcel Corp Stamford CT Dec16
June17                 62                 66                 (4) -6%
Trinseo SA Berwyn PA Dec16
June17                 60                 96               (36) -38%
Edgewell Personal Care Chesterfield MO Sep16
June17                 55                 37                 18 49%
Versum Materials Tempe AZ Sep16
June17                 55                 50                   5 10%
Cabot Corp Boston MA Sep16
June17                 53                 60                 (7) -12%
PolyOne Corp Avon Lake OH Dec16
June17                 50                 50                  -   0%
FMC Corp Philadelphia PA Dec16
June17                 49                 47                   2 4%
W R Grace Columbia MD Dec16
June17                 44                 38                   6 16%
Mineral Technologies New York NY Dec16
June17                 44                 22                 22 100%
Terra Nitrogen LP Deerfield IL Dec16
June17                 40                 99               (59) -60%
Ingevity North Charleston SC Dec16
June17                 36                 26                 10 38%
Venator Materials plc Woodlands TX Dec16
June17                 34               (24)                 58 NM
Sensient Technologies Corp Milwaukee WI Dec16
June17                 31                 25                   6 24%
Sealed Air Charlotte NC Dec16
June17                 29                   2                 27 1350%
Stepan Company Northfield IL Dec16
June17                 28                 29                 (1) -3%
Innospec Inc Englewood CO Dec16
June17                 26                 29                 (3) -10%
HB Fuller St Paul MN Nov16
May17                 26                 33                 (7) -21%
CF Industries Deerfield IL Dec16
June17                 24                 83               (59) -71%
Kraton Corp Houston TX Dec16
June17                 23                   7                 16 229%
Rogers Corp Rogers CT Dec16
June17                 21                   5                 16 320%
Ferro Corp Mayfield Heights OH Dec16
June17                 21                 25                 (4) -16%
Balchem New Hampton NY Dec16
June17                 17                 14                   3 21%
WD-40 Company San Diego CA Aug16
May17                 14                 13                   1 8%
Inter Parfums Inc New York NY Dec16
June17                   9                   8                   1 13%
Tronox Ltd Stamford CT Dec16
June17                   5               (50)                 55 NM
GCP Applied Technologies Cambridge MA Dec16
June17                   1                 19               (18) -95%
Olin Corp Clayton MO Dec16
June17                 (6)                 (1)                 (5) NM
Avon Products Rye NY Dec16
June17               (46)                 36               (82) NM
Platform Specialty Products West Palm Beach FL Dec16
June17               (60)                 (8)               (52) NM
Coty Inc New York NY Jun17
June17             (301)               (31)             (270) NM










Total all 56




         11,290          12,631          (1,341) -11%