Word: backlog
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...weeks, stocks of the traditionally boom & bust aviation industry have been Wall Street favorites. This week, as four of the nation's biggest planemakers released 1953 earnings, the reasons were plain: not only were profits at or near record levels, but the industry's backlog (nearly $17 billion) assured at least two more years of financial feasting...
...over 1952. Profits after taxes also were a record $20,318,178, an increase of 44% over 1952. Net earnings amounted to $12.51 per share, and Boeing announced that it would split the stock two for one. At year's end, the backlog had climbed to $2,357,000,000, and the company expects 1954 sales to top 1953. In reflecting the boom, Boeing stock climbed from...
Lockheed's sales totaled a record $820,467,000. up a startling 87% over the year before and 23% over the World War II peak. Profits were $15,462.000 ($5.79 a share). Lockheed trimmed its backlog slightly in 1953, from $1,608,669,000 to $1,408,808,000, nevertheless expects its 1954 sales to be only slightly below 1953. Lockheed stock was up from a 1952 low of 18⅜ to last week...
Grumman reported sales of $240,857,669, up $20 million over 1952 and topped only by the World War II peak years of 1943-44. Profit after taxes was $7,129,341 ($3.56 a share) and the year-end backlog was $273,758,000. Grumman common sold last week for 26¾, down from a 1952 high of 31⅜, but above...
Such economic stabilizers as the Federal Reserve Board powers to buy Government bonds and make loans to banks (which would give banks needed cash without calling their loans), unemployment compensation and a big backlog of consumer savings "add up to a powerful package." Tax cuts and public works, said C.E.D., should be used only in the event of a serious decline, since "there is a danger of doing too much too soon and causing inflation, as well as a danger of doing too little too late...