Corporate Profits in 2Q2012 Down Slightly Year-over-Year

September 10th, 2012
in econ_news, syndication

U.S. Manufacturing Corporations
Seasonally Adjusted Quarterly After-Tax Profits
(Billions of dollars)

Follow up:

After-Tax Profits and Sales, Second Quarter 2012 - Seasonally Adjusted

Manufacturing Corporations

U.S. manufacturing corporations’ seasonally adjusted after-tax profits in the second quarter of 2012 totaled $149.0 billion, up $0.7 (±0.3) billion from the after-tax profits of $148.2 billion recorded in the first quarter of 2012, but down $4.5 (±1.0) billion from the after-tax profits of $153.4 billion recorded in the second quarter of 2011.

Seasonally adjusted sales for the quarter totaled $1,653.0 billion, down $37.0 (±3.3) billion from the $1,690.0 billion recorded in the first quarter of 2012, but up 34.9 (±14.6) billion from the $1,618.1 billion recorded in the second quarter of 2011.

Seasonally adjusted after-tax profits per dollar of sales were 9.0 cents for the quarter, compared with 8.8 cents for the first quarter of 2012, and 9.5 cents for the second quarter of 2011.

Nondurable Goods Manufacturers

Nondurable goods manufacturers’ seasonally adjusted after-tax profits in the second quarter of 2012 totaled $80.4 billion, up $3.4 (±0.3) billion from the after-tax profits of $77.0 billion recorded in the first quarter of 2012, but down $4.6 (±0.4) billion from the after-tax profits of $85.0 billion recorded in the second quarter of 2011.

Seasonally adjusted sales for the quarter totaled $874.7 billion, down $40.8 (±4.7) billion from the $915.4 billion recorded in the first quarter of 2012, and down $25.7 (±6.6) billion from the $900.3 billion recorded in the second quarter of 2011.

Seasonally adjusted after-tax profits per dollar of sales were 9.2 cents for the quarter, compared with 8.4 cents for the first quarter of 2012, and 9.4 cents for the second quarter of 2011.

Durable goods manufacturers’ seasonally adjusted after-tax profits in the second quarter of 2012 totaled $68.6 billion, down $2.6 (±0.3) billion from the after-tax profits of $71.2 billion recorded in the first quarter of 2012, but not statistically different from the after-tax profits of $68.4 billion recorded in the second quarter of 2011.

Seasonally adjusted sales for the quarter totaled $778.3 billion, up $3.8 (±3.8) billion from the $774.5 recorded in the first quarter of 2012, and up $60.6 (±8.9) billion from the $717.8 billion recorded in the second quarter of 2011.

Seasonally adjusted after-tax profits per dollar of sales were 8.8 cents for the quarter, compared with 9.2 cents for the first quarter of 2012, and 9.5 cents for the second quarter of 2011.

Read whole source document from BLS

 

 









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