Word: nettings
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Dates: during 1950-1959
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SUNBEAM Corp., a major small-appliance maker (1953 net sales: $79,860,203), may soon make its first move into the heavy-appliance field. The company is now test-marketing a three-quarter-ton home air conditioner ($389.50), expects to sell it through small housewares stores...
...statements for 1953. Sears's sales bulged to a record $2,981,925,186, up 1.7%, and earnings were up even more, from $110 million to $118 million. Ward's sales fell 7.9% to $999,123,379 (below $1 billion for the first time since 1946), and net profit dropped from $49 million to $41 million. But in one balance-sheet figure, cautious Montgomery Ward-"the only bank with a store front"-had the edge. Ward owed no money, and its cash of $23 million and Government securities of $270 million were equal to about $45 a share...
Boeing's sales (i.e., deliveries of aircraft) rocketed to an all time high of $918,245,946, up 25% 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...
Glenn L. Martin Co. had sales of $208,006,538 and a healthy net of $15,094,756 ($7.06 a share), both peacetime highs but below World War II records. Sales were up 45% over 1952; profits were 160% higher. Martin entered 1954 with a $550 million backlog, down $100 million in a year. From a 1952 low of 8⅞, its common stock has climbed...
...Haven runs at a loss. In a proxy statement fired off this week, he argued that every railroad counts nonrailroad revenues in its profits. The fact is that the road's total revenues have increased steadily in the last five years to $165 million in 1953. Net income was equal to $12.16 a preferred share, with $7 disbursed in preferred dividends. The New Haven's debt has been cut by more than $50 million through retiring securities and the purchase of bonds, thus cutting interest charges by nearly $2,000,000 a year. Common stockholders got no dividends...