Sunday, September 3, 2017

US Textile Mill Products Manufacturing (3) Companies With Market Caps Above $1 Bil 2Q 2017 Total Earnings Were Only $284 Mil, Down 1% From the $287 Mil Total Earnings in the 2Q 2016 ..................................................................................... Mohawk Industries Is An Exceptionally Well-Run Company, But the US Having Only 3 Textile Companies With Stock Market Caps Above $1 Bil Speaks Volumes of the Economic Pressures on the Textile Industry and on US Manufacturing in General .................................................................................. The US Government Must Act Here To Improve This Horrible Hallowing Out of the US Middle Class

From a review of the Google Finance Website and of company financial statements in the US SEC website, I found the 3 Textile Mill Products Manufacturing Companies (SEC Standard Identification Codes 2200s) 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 3 largest US Textile Mill 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
Textile Mill Products (SIC 2200s) 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 %









Mohawk Industries Calhoun GA Dec16
June17               262               256                   6 2%
Interface Inc Atlanta GA Dec16
June17                 21                 21                  -   0%
Albany Intl Rochester NH Dec16
June17                   1                 10                 (9) -90%










Total all 3




              284               287                 (3) -1%