Monday, September 4, 2017

US Industrial and Commercial Machinery and Electronic and Other Electrical Equipment and Components Except Computer Equipment Manufacturing (a Huge 74) Companies Generated Total Earnings of $8.209 Bil in the 2Q 2017, the Trump Administration's First Full Quarter in Office, Down Sharply By 10% From Their 2Q 2016 Total Earnings of $9.131 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 2 Largest US Banks (JPMorgan Chase and Wells Fargo) Generate 51% More in Total Earnings in the 2Q 2017, or $12.877 Bil, Than the Entire Massive, Critical US Industrial and Commercial Machinery and Electronic and Electrical Manufacturing Industries, With 74 Companies All Over the Country Posting 2Q 2017 Total Earnings of $8.209 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 74 Industrial and Commercial Machinery Manufacturing Companies (SEC Standard Identification Codes 3500s) and Electronic and Other Electrical Equipment and Components Manufacturing Companies (SEC Standard Identification Codes 3600s)  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 74 Manufacturing Companies.

US Manufacturing Companies




Calendar Calendar

Other Than Oil & Gas and Technology




2Q 17 2Q 16
Industrial and Commercial Machinery,



Calendar US GAAP US GAAP Net Net
Electronic Equipment and Electrical

Most
2Q 17 Net Net Income Income
Equipment and Components (SIC 3500-3600s) 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 %









General Electric Boston MA Dec16
June17            1,499            3,363          (1,864) -55%
Caterpillar Peoria IL Dec16
June17               803               553               250 45%
Deere Moline IL Oct16
Apr17               802               495               307 62%
Illinois Tool Works Glenview IL Dec16
June17               587               525                 62 12%
Eaton Corp plc Cleveland OH Dec16
June17               516               492                 24 5%
Cummins Columbus IN Dec16
June17               441               427                 14 3%
Emerson Electric St Louis MO Sep16
June17               419               451               (32) -7%
L-3 Communications Holdings New York NY Dec16
June17               207               151                 56 37%
Whirlpool Benton Harbor MI Dec16
June17               179               342             (163) -48%
Dover Corp Downers Grove IL Dec16
June17               164               118                 46 39%
Ametek Berwyn PA Dec16
June17               150               138                 12 9%
Toro Co Bloomington MN Oct16
Apr17               120               106                 14 13%
Brunswick Corp Lake Forest IL Dec16
June17               119               108                 11 10%
Lennox Intl Richardson TX Dec16
June17               116               111                   5 5%
Xylem Rye Brook NY Dec16
June17               100                 71                 29 41%
Terex  Westport CT Dec16
June17                 95               110               (15) -14%
AGCO Corp Duluth GA Dec16
June17                 92                 49                 43 88%
A O Smith Milwaukee WI Dec16
June17                 92                 87                   5 6%
IDEX Corp Lake Forest IL Dec16
June17                 84                 76                   8 11%
Timken North Canton OH Dec16
June17                 82                 48                 34 71%
Acuity Brands Atlanta GA Aug16
May17                 82                 74                   8 11%
Hubbell Inc Shelton CT Dec16
June17                 81                 82                 (1) -1%
Graco Inc Minneapolis MN Dec16
June17                 80                 51                 29 57%
Spectrum Brands Holdings Inc Middleton WI Sep16
June17                 79               102               (23) -23%
Middleby Elgin IL Dec16
June17                 78                 73                   5 7%
Pentair PLC Golden Valley MN Dec16
June17                 68               133               (65) -49%
Nordson Corp Westlake OH Oct16
Apr17                 65                 71                 (6) -8%
BWX Technologies Inc Lynchburg VA Dec16
June17                 61                 58                   3 5%
Lincoln Electric Holdings Cleveland OH Dec16
June17                 61                 31                 30 97%
Donaldson Co Inc Minneapolis MN Jul16
Apr17                 60                 55                   5 9%
Colfax Corp Annapolis Junction MD Dec16
June17                 58                 44                 14 32%
Commscope Holding Company Hickory NC Dec16
June17                 55                 62                 (7) -11%
Woodward Inc Fort Collins CO Sep16
June17                 54                 51                   3 6%
Regal Beloit Corp Beloit WI Dec16
June17                 54                 58                 (4) -7%
Curtiss-Wright Corp Charlotte NC Dec16
June17                 51                 40                 11 28%
Pitney Bowes Stamford CT Dec16
June17                 49                 60               (11) -18%
Littelfuse Chicago IL Dec16
June17                 49                 27                 22 81%
ITT Inc White Plains NY Dec16
June17                 48                 33                 15 45%
Flowserve Corp Irving TX Dec16
June17                 42                 54               (12) -22%
Moog Inc East Aurora NY Sep16
June17                 40                 36                   4 11%
HRG Group New York NY Sep16
June17                 32                 93               (61) -66%
Welbilt New Port Richey FL Dec16
June17                 30                 15                 15 100%
Franklin Electric Co Fort Wayne IN Dec16
June17                 30                 24                   6 25%
ARRIS Intl plc Suwanee GA Dec16
June17                 28                 82               (54) -66%
Rexnord Corp Milwaukee WI Mar16
June17                 27                 19                   8 42%
Atkore Intl Group Harvey IL Sep16
June17                 27                 21                   6 29%
Kennametal Inc Latrobe PA Jun17
June17                 26               (66)                 92 NM
Generac Holdings Waukesha WI Dec16
June17                 26                 21                   5 24%
Iridium Communications Inc McLean VA Dec16
June17                 25                 27                 (2) -7%
Energizer Holdings St Louis MO Sep16
June17                 25                 24                   1 4%
Actuant Corp Menomonee Falls WI Aug16
May17                 23                 21                   2 10%
RBC Bearings Inc Oxford CT Mar16
June17                 21                 18                   3 17%
Briggs & Stratton Corp Wauwatosa WI Jun17
June17                 20                   5                 15 300%
John Bean Technologies Chicago IL Dec16
June17                 18                 19                 (1) -5%
Zebra Technologies Corp Lincolnshire IL Dec16
June17                 17               (45)                 62 NM
Hyster-Yale Materials Handling Inc Cleveland OH Dec16
June17                 16                   8                   8 100%
Altra Industrial Motion Corp Braintree MA Dec16
June17                 15                   9                   6 67%
Astec Industries Inc Chattanooga TN Dec16
June17                 14                 18                 (4) -22%
AAON Inc Tulsa OK Dec16
June17                 14                 15                 (1) -7%
Standex Intl Salem NH Jun17
June17                 14                 12                   2 17%
ESCO Technologies Inc St Louis MO Sep16
June17                 13                 12                   1 8%
AZZ Inc Fort Worth TX Feb17
May17                 13                 21                 (8) -38%
Alamo Group Inc Seguin TX Dec16
June17                 12                 11                   1 9%
SPX Flow Inc Charlotte NC Dec16
June17                 10             (352)               362 NM
Milacron Holdings Corp Cincinnati OH Dec16
June17                 10                 13                 (3) -23%
Echostar Corp Englewood CO Dec16
June17                   7                 44               (37) -84%
Helen of Troy Ltd El Paso TX Feb17
May17                   6                 19               (13) NM
Integer Holdings Frisco TX Dec16
June17                   3                 (1)                   4 NM
Manitowoc Co Inc Manitowoc WI Dec16
June17                   1                 (5)                   6 NM
Tennant Company Minneapolis MN Dec16
June17                 (3)                 15               (18) NM
SPX Corp Charlotte NC Dec16
June17                 (8)                   7               (15) NM
ViaSat Inc Carlsbad CA Mar16
June17                 (9)                   2               (11) NM
Knowles Corp Itasca IL Dec16
June17               (30)                 (7)               (23) NM
Gardner Denver Holdings Milwaukee WI Dec16
June17             (146)                 (4)             (142) NM










Total all 74




           8,209            9,131             (922) -10%