Word: quarterly
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Dates: during 1950-1959
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...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 news came from Buick, which got off to a fast...
...received at a faster rate than at any time in 1958, as Big Steel fired up seven of 14 open-hearth furnaces idled at its Pennsylvania Homestead Works last March. Equally cheering, Blough told stockholders that the company earned $90,728,989 or $1.57 a share in the fourth quarter, topping the $90,096,731 or $1.56 a share it netted a year earlier. Youngstown Sheet and Tube Co. relit a Chicago blast furnace and two East Chicago coke batteries it shut down in October...
Nowhere was the 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...
...fast are earnings picking up to match the recovery? From U.S. business last week came fourth-quarter reports that showed profits rising fast enough in many cases to offset the previous slowdown and turn 1958 into a fine year. After limping along 33% behind 1957 for the first nine months, Monsanto Chemical Co. reported the best fourth quarter in history, so good that full-year earnings totaled $1.55 per share, only 7.7% behind last year. Philco's fourth quarter nearly doubled last year's rate. Seeburg Corp. announced 54? a share in the first quarter of its fiscal...
...rise was equally strong in many a company that kept growing despite the recession. Raytheon Manufacturing noted a backlog of $280 million in unfilled orders, reported that a fat fourth quarter pushed 1958 earnings to $3.08 per share and a new record, 95% better than last year. Westinghouse. whose sales declined 5.6% largely because of the slump in appliances, had a better-than-good year: by working hard on a cost-control program, it managed to boost earnings to $4.25 per share v. $4.18 last year...