Word: nettings
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Dates: during 1940-1949
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...which had reported by early this week, there had been no recession; they turned in earnings that were even higher than in 1948's fat first quarter. A notable example was Republic Steel, first of the big steel companies to report. It had a 60% jump in its net profit, from $9.1 million to $15.2 million. Another example was General Electric Co. Despite a slump in the sale of appliances and an industrywide wave of price-cutting, G.E. boosted its first-quarter net to $26.7 million (up $1.3 million...
...competitors had not done so well. Westinghouse's net dropped $2.2 million to $10,866,921. Apex Electrical Mfg. Co. slipped from a $493,836 net into a $381,261 deficit, and other appliance makers felt that the worst was still to come...
Pleasant Thoughts. International Business Machines Corp.'s spry old President Thomas J. Watson, whose favorite motto is "Think!", gave his stockholders something pleasant to think about: a 16% gain in profits, to $7.8 million. Caterpillar Tractor Co., cashing in on long-deferred roadbuilding, bulldozed its own net from $2.9 million to $4.7 million-a gain...
Among the food companies, Corn Products Refining Co. led the parade by more than doubling its profit-to $3,314,562. But General Foods probably gave a better indication of the general trend. Its gross was up slightly to $127,802,860, but rising costs cut its net from $8,155,176 to $7,593,797. Even the airline and aircraft industries, which had long been ailing, were perking up. Prime example: Douglas Aircraft Co., which had earned only $23,862 in 1948's first quarter, this year earned $2 million, the result of rearmament contracts and a cost...
Though the housing boom was past its peak, the building industry showed some outstanding performers. Johns-Manville Corp. boosted its net 24.9% (from $2.3 million to $2.8), Libbey-Owens-Ford Glass Co. 23.4% (from $3.1 million to $3.8), and Pittsburgh Plate Glass Co. 17%. Small Pennsylvania-Dixie Cement Corp. showed a 171% rise...