Word: pretax
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Money in Mufti. With smart bidding and shrewd economy, Avco's pretax profit margin has more than doubled since 1957. from 3.4% to 7.6%. "But you can trim costs just so far," admits Wilson. For the future, Avco intends to boost earnings by swinging into more profitable civilian goods, altering its defense-to-civilian sales ratio from the present 60-40 to 50-50. To help achieve this target, it is banking on a rise in industrial use of such products as its turbine engines and heat-shielding devices. "In our forecasts for coming years," says Wilson, "profit increases...
...that it takes forever to decide even routine matters. Such indecision has hobbled the industry just when it needs fast action to deal with the new economic and regulatory problems of the jet age. During the first quarter of 1960, U.S. domestic trunk lines lost $24 million, v. a pretax profit of $16 million for 1959's first quarter. Bad weather and a spate of crashes account for some of the gap, but most of it is due to two major problems facing the airlines: fares are too low (at about the level of ten years ago), and competition...
Mortimer wants products with the widest popular appeal, shies away from the specialized or offbeat food. At General Foods, this policy has resulted in a pretax profit of 10? on sales v. 6.8? for the No. 3 processor, Standard Brands (Chase & Sanborn, Royal desserts, etc.), but well below the 14.8? of Campbell Soup, the No. 2 company. Overall, General Foods profits have risen from $28 million in 1954, when Mortimer took over, to an estimated $60 million this year. But Mortimer is still not satisfied with some of his products, notably the Gourmet line, intends to make some changes. Says...
...take advantage of the tax losses, they began looking for another company with healthy earnings, decided on the family-owned Seeburg Corp., which had annual pretax earnings averaging $2,000,000. The family wanted to sell for $8,000,000 in cash, $2,000,000 in five-year notes. All but $3,300,000, could be covered by Seeburg's liquid assets-but how to raise that? Despite a tight money squeeze, they succeeded in borrowing it, partly from the Seeburgs themselves...
...been a top food and foreign-trade adviser to Presidents Roosevelt, Truman and Eisenhower. His successor, Mortimer, was chairman of the star-studded Advertising Council from 1947 to 1950, headed the United Community Campaign fund last year. Under him, each General Foods' sales dollar has brought a pretax profit of 10? v. 7? for its chief competitor, Standard Brands (Chase & Sanborn coffee. Royal Gelatin, etc.), and General Foods' stock has risen from $30 in 1954 to $57 last week...