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%

US Tobacco Products Manufacturing (4) Companies With Market Caps Above $1 Bil 2Q 2017 Total Earnings Were $4.783 Bil, Up $464 Mil From the $4.319 Bil Total Earnings in the 2Q 2016 ..................................................................................... 2Q 2017 Earnings Benefited From Altria Group's $408 Mil Gain From the AB InBev/SAB Miller Business Combination

From a review of the Google Finance Website and of company financial statements in the US SEC website, I found the 4 Tobacco Products Manufacturing Companies (SEC Standard Identification Codes 2100s) 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 4 largest US Tobacco 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
Tobacco Products (SIC 2100s)	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	%
Altria Group	Richmond	VA	Dec16		June17	1,990	1,654	336	20%
Philip Morris	New York	NY	Dec16		June17	1,842	1,842	-	0%
Reynolds American	Winston Salem	NC	Dec16		June17	919	796	123	15%
Vector Group Ltd	Miami	FL	Dec16		June17	32	27	5	19%
Total all 4						4,783	4,319	464	11%

The Exceptionally Strong Brands US Food and Kindred Products Manufacturing (41) Companies Generated Total Earnings of $9.625 Bil in the 2Q 2017, the Trump Administration's First Full Quarter in Office, Down Sharply By 15% From Their 2Q 2016 Total Earnings of $11.343 Bil ..................................................................................... The Major Problem Here Is That the Manufacturing Sectors Are Where the Good-Paying US Jobs Are ..................................................................................... Company Earnings Drive the Number of US Good-Paying Jobs ..................................................................................... And US Average Hourly Earnings For August 2017 Is Now $26.39, Up Only Three Cents From $26.36 For July 2017

From a review of the Google Finance Website and of company financial statements in the US SEC website, I found the 41 Food and Kindred Products Manufacturing Companies (SEC Standard Identification Codes 2000s) 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. 

So, it's not just the Motor Vehicle Related Manufacturing Companies (-4%) which suffered Total Earnings Declines in the 2Q 2017, the Trump Administration's first full quarter in office.  It was also the very strong brands Food and Kindred Products Manufacturing Companies (-15%).  And there are so many more, which you will see in my subsequent posts.  It's like a manufacturing companies sectors total earnings decline epidemic in so many of the Manufacturing sectors.

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 41 largest US Food and Kindred 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
Food and Kindred Products (SIC 2000s)	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	%
Pepsico	Purchase	NY	Dec16		June17	2,118	2,013	105	5%
Coca-Cola	Atlanta	GA	Dec16		June17	1,372	3,460	(2,088)	-60%
Kraft Heinz Co	Pittsburgh	PA	Dec16		June17	1,160	955	205	21%
Mondelez Intl	Deerfield	IL	Dec16		June17	500	471	29	6%
Tyson Foods	Springdale	AR	Sep16		June17	448	485	(37)	-8%
General Mills	Minneapolis	MN	May17		May17	416	390	26	7%
Constellation Brands	Victor	NY	Feb17		May17	405	319	86	27%
Molson Coors Brewing	Denver	CO	Dec16		June17	327	176	151	86%
Kellogg	Battle Creek	MI	Dec16		June17	282	280	2	1%
Archer Daniels Midland	Decatur	IL	Dec16		June17	275	288	(13)	-5%
Pilgrim's Pride Corp	Greeley	CO	Dec16		June17	234	153	81	53%
Monster Beverage	Corona	CA	Dec16		June17	223	184	39	21%
Hormel Foods	Austin	MN	Oct16		Apr17	211	215	(4)	-2%
Hershey	Hershey	PA	Dec16		June17	203	146	57	39%
Dr Pepper Snapple Group	Plano	TX	Dec16		June17	188	260	(72)	-28%
Campbell Soup	Camden	NJ	Jul16		Apr17	176	185	(9)	-5%
ConAgra Foods	Chicago	IL	May17		May17	154	(117)	271	NM
Brown Forman	Louisville	KY	Apr17		Apr17	144	522	(378)	-72%
Ingredion	Westchester	IL	Dec16		June17	133	120	13	11%
JM Smucker	Orrville	OH	Apr17		Apr17	110	191	(81)	-42%
McCormick & Co	Sparks	MD	Nov16		May17	92	86	6	7%
Bunge Ltd	White Plains	FL	Dec16		June17	81	124	(43)	-35%
Lamb Weston Holdings	Eagle	ID	May17		May17	79	45	34	76%
Sanderson Farms Inc	Laurel	MS	Oct16		Apr17	67	48	19	40%
Flower Foods	Thomasville	GA	Dec16		June17	45	51	(6)	-12%
Blue Buffalo Pet Products	Wilton	CT	Dec16		June17	43	37	6	16%
Boston Beer Co Inc	Boston	MA	Dec16		June17	29	27	2	7%
National Beverage Corp	Ft Lauderdale	FL	Apr17		Apr17	29	18	11	61%
Lancaster Colony Corp	Columbus	OH	Jun17		June17	28	31	(3)	-10%
Hostess Brands	Kansas City	MO	Dec16		June17	28	29	(1)	-3%
J & J Snack Foods Corp	Pennsauken	NJ	Dec16		June17	25	27	(2)	-7%
B&G Foods	Parsippany	NJ	Dec16		June17	22	30	(8)	-27%
Pinnacle Foods	Parsippany	NJ	Dec16		June17	19	46	(27)	-59%
Dean Foods Co	Dallas	TX	Dec16		June17	18	33	(15)	-45%
Tootsie Roll Industries	Chicago	IL	Dec16		June17	12	11	1	9%
Darling Ingredients Inc	Irving	TX	Dec16		June17	10	34	(24)	-71%
Coca-Cola Bottling Co	Charlotte	NC	Dec16		June17	8	17	(9)	-53%
Snyder's-Lance	Charlotte	NC	Dec16		June17	5	20	(15)	-75%
Hain Celestial Group	Lake Success	NY	Jun17		June17	0	(89)	89	NM
TreeHouse Foods	Oak Brook	IL	Dec16		June17	(34)	19	(53)	NM
Post Holdings	St Louis	MO	Sep16		June17	(60)	3	(63)	NM
Total 41 Food and Kindred Products Companies						9,625	11,343	(1,718)	-15%