Word: nine-month
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Post-war planning (TIME, Nov. 3) came out of the think stage and took its place as a debit item in the income statement of a big U.S. corporation last week. United Aircraft, announcing nine-month sales of $203,435,000, also announced a significant new deduction from them: a $4,000,000 reserve* "for the transformation from defense production to a peacetime economy...
...result of this and other deductions (including over $40,000,000 for Federal taxes), United's nine-month net income of $10,772,000 was up only 3% over 1940 v. a 157% increase in sales...
...corporation profits in 1941's third quarter were hay made while the sun shone. Combined profits of 200 big concerns (compiled by National City Bank) were $374,000,000, highest since 1929 and 48% above the September quarter of 1940. Nine-month profits were...
...Defense, high wages, heavy taxes and strikes pushed steel profits up, down and sideways. Wheeling Steel (garbage cans, roofing, etc.) boosted third-quarter profits 16%, nine-month profits 99%. Bethlehem, which was a defense early bird and therefore reached its earnings peak last year, saw this quarter's profits slump from 1940's $12,462,000 to only...
...last week, for the first time in years, U. S. investors were thinking about rail stocks once more. The reason was not the simple fact that the defense boom was catching up with the rails, upping their nine-month revenues 9% (to $3,125,855,000) over the same period of 1939. It was barely suggested by the companion fact that when rail net rises above the break-even (interest-covering) point, leverage raises it much faster than the gross. The 9% increase in gross served as a lever on which 137 of the roads hoisted their combined...