Word: profitability
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Dates: during 1950-1959
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...selling three times as many Ramblers as it did in January 1958. Studebaker-Packard was also outselling last year 3 to 1, due almost entirely to its fast-moving little Lark. The company had already outproduced its 1958 total of 49,770 and made a $3,700,000 operating profit in 1958's fourth quarter, its first profit in five years. Chevrolet output, still rising, inched ahead of Ford production for the first time, 522,000 to 511,000. But Ford, with sales 40% ahead of the year-ago rate, claimed it still led in sales. The only glum...
...steel news brighter than at Bethlehem Steel Corp. President Arthur B. Homer of the nation's No. 2 producer (after U.S. Steel) disclosed that on top of earning $57,678,360 or $1.24 a share in the closing quarter of 1958, the second highest fourth-quarter profit in its history, the company was operating at 80% of enlarged 1959 capacity and planning to go to 85% next quarter. Said Homer: "We've been having quite an upsurge in orders. It looks as if January bookings will be the highest for any month in the last three, and possibly...
...last week's heated MDC session that approved the founding of the new center, amendments proposed by the two men to submit the plan to the Attorney General for examination, to give local groups voting power, and to insure the non-profit character of the enterprise met with defeat...
...Harte-Hanks Newspaper Group (eight newspapers in Texas), which in 1954 bought the daily Banner in Greenville (pop. 20,000), a northeast Texas county seat boasting the "blackest soil, whitest people." Harte-Hanks increased the size of the paper and its advertising staff, but could not show a profit. Meantime, the moneymaking, family-owned Greenville Herald, faced with this tougher competition, fell into the red. In 1956 the Herald, weakened by losses, was forced to sell out to Harte-Hanks. By the next year the merged Herald-Banner (circ. 8,694) was making money...
...White Motor Co. last week, as he presented the best possible evidence that his company, the nation's oldest truckmaking firm, is feeling no pain from G.M., Ford or Chrysler competition. On a record $270 million in sales, White earned $6.95 per share in 1958, almost the highest profit in its 59-year-old trucking history, in a year when overall truck sales dropped 18%. Of the profits, $3 per share were racked up in the final quarter. Said White's Black: "I am confident that our current year will hit a new sales record...