Tuesday, February 20, 2018

Orrville,OH-Based Food Co J.M. Smucker Generated Jan 2018 Quarter Net Income of $831 Mil, Up a Spectacular 516% or Up $696 Mil From Its Jan 2017 Quarter Net Income of $135 Mil ....................................................................................... J.M. Smucker Received a US Federal Income Tax Benefit of $766 Mil in the Jan 2018 Quarter From the US Trump Tax Cuts, Primarily From the Very Lucrative US Federal Income Tax Debt Forgiveness Feature in the Trump Tax Cuts Act ....................................................................................... This $766 Mil Income Tax Benefit Comprised 92% of Its Jan 2018 Quarter Total Net Income of $831 Mil