Word: nets
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Dates: during 1940-1949
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...March quarter of last year many manufacturers were in the midst of converting from peace to war production, so that both their gross sales and their net income were in a bad slump. By far the biggest profit increase among manufacturing companies for this year's first quarter (41%) was turned in by the auto industry, which was the hardest hit by conversion problems last year...
...Department's other quarterly figures clearly showed how distorted the first quarter comparison is : net after taxes in the March 1943 period was down 3% from the last quarter of 1942, and was up less than 1% over the third quarter when conversion to war work was still going...
Another factor inflated the Smith-Sherman profit estimates: since the U.S. Treasury does not allow most contingency reserves as a deduction from taxable income, the estimators ignored them in figuring net income after taxes. Yet most large U.S. corporations (and many small ones) have been taking progressively higher reserves for conversion to peace. One index of how such reserves can cut down actual net income (in terms of return to the stockholder): the National City Bank's estimate of first quarter earnings for 260 industrial companies showed a rise of only 7% over the same period last year, despite...
Cropper for Frazer. The jeep helped tug Willys into the profit column in '41 for the first time in four years. With 70% of its dollar volume in jeeps in '42, Willys totted up $1,265,399 in net profits, boosted its net to $1,347,949 for the fiscal six months ending last March...
Childs, as a going concern, is worth a lot more than Childs as a bankrupt estate, to be parceled up among creditors. Its earnings for the first quarter of this year were $173,000, twice the net for the whole of 1942. But, bankrupt or no, Childs's 80 restaurants in the U.S. and Canada will probably still go right on serving the 60? special (plus cocktail) to millions of thirsty, hungry quick-lunchers...