Word: nettings
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Dates: during 1950-1959
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...upsurge in highway and heavy construction more than doubled H. K. Porter's first half 1955 net to $4,000,000 in 1956. Caterpillar Tractor Co. rolled up profits of $26.2 million, 69% above a year ago. Westinghouse Air Brake Co. nearly doubled its net to $12.5 million...
...shipping, American Export Lines profits increased more than tenfold to $3.1 million, thanks largely to increases in cargo volumes, freight rates., postwar Government subsidies. Pennsylvania Railroad's $22.2 million net was its best first half, although high operating expenses caused June returns to slack...
With the high cost of doing business, top sales sometimes were not enough to guarantee top profits. Allied Chemical & Dye Corp. scored a sales record for its first quarter, but earnings slumped 4% to $25.5 million, partially because of higher wages and freight rates. Du Pont's net from chemicals dropped slightly as a result of the belt-tightening in textiles and autos...
Many companies sacrificed profit gains to plow back huge amounts into research and development. Douglas Aircraft, which increased first-half sales by $17.2 million, saw its net drop from last year's by $860,000. Reason: huge research costs for the Douglas DC-8 jet transport. Better off was Cessna Aircraft. Its big spurt in private aircraft sales returned net earnings of $3.83 per share for the nine months ending June 30, up 50% from a year...
Last week President Eisenhower urged Congress to take off on the crash program by adding $68 million to the $40 million already appropriated to CAA for fiscal 1957. The extra money would buy more radar, a better ground-to-air communications net, another 80 omnidirectional radio ranges for planes to ride and more trained CAA ground controllers...