![[CHART 1: Manufacturing After-Tax Profits]](http://www.census.gov/csd/qfr/images/qfr044mg.jpg)
CHART 2:
[Manufacturing Profits Per Dollar of Sales]
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Manufacturing Corporations Seasonally adjusted after-tax profits of U.S. manufacturing corporations totaled $91.4 billion in the fourth quarter 2004, the U.S. Census Bureau reported. Fourth quarter 2004 after-tax profits were not statistically different from the $90.8 billion recorded in the previous quarter. Fourth quarter 2004 after-tax profits were up $17.9 (+/-1.3) billion from the $73.5 billion recorded in the same quarter a year ago.
Seasonally adjusted sales for these manufacturers totaled $1,276.5 billion for the quarter, up $30.2 (+/-8.3) billion from the $1,246.3 billion recorded in the third quarter 2004, and up $164.2 (+/-7.9) billion from the $1,112.3 billion recorded the year before.
After-tax profits averaged 7.2 cents per dollar of sales for the quarter, 7.3 cents last quarter (which is not a statistically significant change), and 6.6 cents a year ago.
Nondurable Goods Manufacturers Nondurable goods manufacturers' after-tax profits in the fourth quarter 2004 were $50.7 billion, not statistically different from the $51.3 billion recorded in the previous quarter, and up $9.8 (+/-0.8) billion from the $40.9 billion in the fourth quarter 2003.
Seasonally adjusted sales for the quarter were $618.8 billion, up $15.1 (+/-6.1) billion from the $603.7 billion recorded in the prior quarter, and up $95.8 (+/-5.7) billion from the $523.1 billion in the fourth quarter 2003.
After-tax profits averaged 8.2 cents per dollar of sales for the quarter, 8.5 cents last quarter, and 7.8 cents a year ago.
Durable Goods Manufacturers Fourth quarter 2004 seasonally adjusted after-tax profits for durable goods manufacturers were $40.7 billion, up $1.2 (+/-1.0) billion from the $39.5 billion recorded in the previous quarter, and up $8.0 (+/-1.1) billion from $32.7 billion in the fourth quarter 2003.
Seasonally adjusted sales for the quarter were $657.7 billion, up $15.1 (+/-6.4) billion from the $642.6 billion recorded in the previous quarter, and up $68.5 (+/-6.2) billion from the $589.2 billion recorded in the fourth quarter 2003.
After-tax profits averaged 6.2 cents per dollar of sales for the quarter, 6.1 cents last quarter (which is not a statistically significant change), and 5.5 cents a year ago.
Manufacturing Corporations Fourth quarter 2004 unadjusted after-tax profits for U.S. manufacturing corporations were $86.6 billion, up $18.1 (+/-1.3) billion over the $68.4 billion recorded in the same quarter a year ago. This overall improvement was mainly due to higher operating profits and equity income as well as lower nonrecurring charges. When compared to the third quarter 2004 after-tax profits of $89.5 billion, the fourth quarter 2004 after-tax profits were down $3.0 (+/-1.2) billion.
Unadjusted sales for the fourth quarter 2004 were $1,283.7 billion, up $164.9 (+/-7.9) billion from the $1,118.8 billion in the same quarter a year ago, and up $34.2 (+/-8.3) billion from the prior quarter sales of $1,249.5 billion.
After-tax profits per dollar of sales averaged 6.7 cents this quarter, 7.2 cents last quarter, and 6.1 cents in the fourth quarter 2003.
Nondurable Goods Manufacturers Fourth quarter 2004 nondurable goods manufacturers' unadjusted after-tax profits of $48.8 billion were up $10.1 (+/-0.8) billion from the $38.7 billion recorded in the fourth quarter 2003. Most nondurable categories were up when compared to this quarter last year. Petroleum and coal products reported the greatest increase, $9.1 (+/-0.1) billion, mainly due to increased domestic and equity earnings and dividend income. Plastics and rubber products contributed $1.3 (+/-0.1) billion, with domestic and equity earnings increases as well as lower nonrecurring charges. Chemical products' level operating profits and nonoperating charges resulted in a decrease in after-tax profits of $2.2 (+/-0.5) billion.
Unadjusted sales for the fourth quarter 2004 were $623.9 billion, up $96.9 (+/-5.7) billion from the $527.0 billion in the same quarter a year ago, and up $14.6 (+/-6.1) billion from the prior quarter sales of $609.3 billion.
After-tax profits per dollar of sales averaged 7.8 cents this quarter, 8.6 cents last quarter, and 7.3 cents in the fourth quarter 2003.
When compared to the third quarter 2004 after-tax profits of $52.6 billion, the fourth quarter 2004 after-tax profits were down $3.8 (+/-0.8) billion. Chemical products reported a decrease in after-tax profits of $5.5 (+/-0.4) billion, mainly due to domestic and equity earnings. Petroleum and coal products' improved profits of $4.2 (+/-0.1) billion were also mainly due to domestic and equity earnings.
Durable Goods Manufacturers Fourth quarter 2004 durable goods manufacturers unadjusted after- tax profits of $37.8 billion were up $8.1 (+/-1.1) billion from the $29.7 billion recorded in the fourth quarter 2003. Most durable goods manufacturing categories improved their after-tax positions this quarter. Primary metal industries took the lead with improved profits of $4.0 (+/-0.2) billion, resulting from domestic and equity earnings. Fabricated metal products' domestic operating profits and lower nonrecurring charges resulted in improved after-tax profits of $1.5 (+/-0.5) billion. Nonmetallic mineral products suffered equity losses which contributed to a decrease in after-tax profits of $1.1 (+/-0.2) billion.
Unadjusted sales for the fourth quarter 2004 were $659.9 billion, up $68.0 (+/-6.2) billion from the $591.8 billion in the same quarter a year ago, and up $19.7 (+/-6.4) billion from the prior quarter sales of $640.2 billion.
After-tax profits per dollar of sales averaged 5.7 cents this quarter, 5.8 cents last quarter (which is not a statistically significant change), and 5.0 cents in the fourth quarter 2003.
When compared to the third quarter 2004 after-tax profits of $36.9 billion, the fourth quarter 2004 after-tax profits were not statistically different. Results were mixed in these industry categories. Computers and electronic products reported the largest increase, $2.1 (+/-0.5) billion, mainly from domestic and equity earnings. Electrical equipment and appliances reported a slight increase in domestic operating and nonoperating earnings and a slight decrease in equity earnings which resulted in after-tax profits increase of $1.3 (+/-0.2) billion. Fabricated metal products and wood products reported decreases in after-tax profits mainly due to domestic and equity earnings.
Mining Corporations Fourth quarter 2004 unadjusted after-tax profits for mining corporations with assets of $50 million and over, at $6.6 billion, were up $4.9 (+/-0.1) billion from the $1.7 billion recorded in the fourth quarter 2003.
Unadjusted sales for the fourth quarter 2004 were $32.7 billion, up $7.3 (+/-0.2) billion from the $25.3 billion in the same quarter a year ago.
After-tax profits per dollar of sales averaged 20.1 cents this quarter, compared to the 6.7 cents in the fourth quarter 2003.
Wholesale Trade Corporations Fourth quarter 2004 unadjusted after-tax profits for wholesale trade corporations with assets of $50 million and over, at $8.2 billion, were up $4.2 (+/-0.5) billion from the $4.1 billion recorded in the fourth quarter 2003.
Unadjusted sales for the fourth quarter 2004 were $403.2 billion, up $48.2 (+/-6.8) billion from the $355.0 billion in the same quarter a year ago.
After-tax profits per dollar of sales averaged 2.0 cents this quarter, compared to the 1.1 cents in the fourth quarter 2003.
Retail Trade Corporations Fourth quarter 2004 unadjusted after-tax profits for retail trade corporations with assets of $50 million and over, at $16.5 billion, were up $1.6 (+/-0.1) billion from the $14.9 billion recorded in the fourth quarter 2003.
Unadjusted sales for the fourth quarter 2004 were $448.1 billion, up $20.0 (+/-2.2) billion from the $428.0 billion in the same quarter a year ago.
After-tax profits per dollar of sales averaged 3.7 cents this quarter, compared to the 3.5 cents in the fourth quarter 2003.
First quarter 2005 advance data for U.S Manufacturing, Mining, Wholesale Trade
Corporations are scheduled for release on June 13, 2005, for U.S. Retail Corporations,
July 12, 2005.
The complete report, Quarterly Financial Report for Manufacturing,
Mining and Trade Corporations, is available for download,
under "Products: Publication", at
<http://www.census.gov/csd/qfr/>.
This press release is available in
page image format (.pdf).
This press release is available on the day of issue on the
Internet (http://www.census.gov/csd/www/qfr.html).
Questions regarding this report (or program) should be directed to
Yolando St.George (301) 763-6600 or John Seabold (301) 763-3386.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-04-4, April 2005. U.S. Census Bureau, April 2005.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-04-4, April 2005. U.S. Census Bureau, April 2005.
(2)Revised.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-04-4, April 2005. U.S. Census Bureau, April 2005.
(2)Revised.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-04-4, April 2005. U.S. Census Bureau, April 2005.
(2)Revised.
(3)Manufacturing data are the quarterly results of companies within that
division with assests over $250,000; whereas, data for mining and trade
corporatons represent the quarterly results of companies with assets
over $50 million.
(4)Included in major industry above.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-04-4, April 2005. U.S. Census Bureau, April 2005.
(2)Revised.
(3)Manufacturing data are the quarterly results of companies within that
division with assests over $250,000; whereas, data for mining and trade
corporatons represent the quarterly results of companies with assets
over $50 million.
(4)Included in major industry above.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-04-4, April 2005. U.S. Census Bureau, April 2005.
(2)Revised.
(3)Manufacturing data are the quarterly results of companies within that
division with assests over $250,000; whereas, data for mining and trade
corporatons represent the quarterly results of companies with assets
over $50 million.
(4)Included in major industry above.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-04-4, April 2005. U.S. Census Bureau, April 2005.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-04-4, April 2005. U.S. Census Bureau, April 2005.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-04-4, April 2005. U.S. Census Bureau, April 2005.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-04-4, April 2005. U.S. Census Bureau, April 2005.
Schedule of Advance Data Release Dates--2005
Questions concerning this advance report should be directed to
Contact:
Yolando st.George (301) 763-6600 or
John Seabold (301) 763-3386.
AVAILABILITY:
Seasonally Adjusted
4Q 3Q 4Q
2004 2004(1) 2003(1)
Rate of return (after taxes):
Cents per dollar of sales ................ 7.2 7.3 6.6
Percent on equity (annual rate) .......... NA NA NA
(million dollars)
Sales ....................................1,276,527 1,246,337 1,112,295
Income after income taxes ................ 91,386 90,765 73,523
Dividends paid (cash) .................... NA NA NA
(1)Revised.
Unadjusted
4Q 3Q 4Q
2004 2004(1) 2003(1)
Rate of return (after taxes):
Cents per dollar of sales ................ 6.7 7.2 6.1
Percent on equity (annual rate) .......... 15.1 16.2 13.2
(million dollars)
Sales ....................................1,283,731 1,249,510 1,118,800
Income after income taxes ................ 86,551 89,504 68,425
Dividends paid (cash) .................... 39,263 32,263 31,695
(1)Revised.
Sales(2)
Industry Group and Year Q1 Q2 Q3 Q4
(million dollars)
All manufacturing:
1994 .......................... 784,680 803,515 825,137 841,382
1995 .......................... 871,365 873,097 883,468 899,501
1996 .......................... 914,258 932,961 948,187 961,118
1997 .......................... 965,803 972,623 986,629 994,951
1998 .......................... 989,982 981,843 985,897 993,402
1999 ..........................1,003,244 1,026,509 1,048,119 1,072,272
2000 ..........................1,120,546 1,127,934 1,145,550 1,120,341
2001 ..........................1,115,361 1,093,998 1,060,147 1,027,127
2002 ..........................1,023,450 1,050,636 1,066,134 1,075,668
2003 ..........................1,097,929 1,077,765 1,106,751 1,112,295
2004 ..........................1,175,742 1,229,679 1,246,337 1,276,527
All nondurable manufacturing:
1994 .......................... 387,307 394,778 405,707 409,888
1995 .......................... 425,663 427,753 430,848 435,773
1996 .......................... 442,199 452,579 457,728 462,805
1997 .......................... 463,165 456,772 461,372 463,165
1998 .......................... 452,424 446,268 443,688 439,428
1999 .......................... 445,842 452,966 461,321 474,657
2000 .......................... 507,612 514,926 528,054 502,831
2001 .......................... 508,823 506,511 489,208 469,604
2002 .......................... 464,439 479,313 498,111 512,853
2003 .......................... 541,492 515,166 534,226 523,075
2004 .......................... 574,103 593,434 603,744 618,828
All durable manufacturing:
1994 .......................... 397,372 408,737 419,430 431,494
1995 .......................... 445,701 445,344 452,620 463,728
1996........................... 472,058 480,382 490,460 498,313
1997 .......................... 502,638 515,851 525,257 531,785
1998 .......................... 537,558 535,575 542,209 553,974
1999 .......................... 557,402 573,543 586,799 596,615
2000 .......................... 612,935 613,008 617,496 617,510
2001 .......................... 606,539 587,486 570,938 557,523
2002 .......................... 559,011 571,323 568,023 562,815
2003 .......................... 556,437 562,598 572,525 589,219
2004 .......................... 601,639 636,245 642,592 657,699
(1) Data after fourth quarter 2000 are presented on the North American Industry Classificaton System
basis. Data prior to fourth quarter 2000 are presented on the Standard Industrial Classification system basis.
Comparisons of these data are useful only for trend analysis.
After-Tax Profits(2)
Industry Group and Year Q1 Q2 Q3 Q4
(million dollars)
All manufacturing:
1994 .......................... 36,427 41,108 45,448 52,075
1995 .......................... 52,820 51,884 49,369 44,233
1996 .......................... 51,261 53,860 61,214 58,776
1997 .......................... 60,792 61,734 61,835 60,384
1998 .......................... 74,732 49,101 60,953 49,851
1999 .......................... 59,916 63,551 66,726 67,735
2000 .......................... 77,331 71,415 73,874 47,593
2001 .......................... 42 16,765 11,110 8,161
2002 .......................... 25,083 38,897 41,443 34,596
2003 .......................... 58,762 50,537 53,998 73,523
2004 .......................... 76,244 87,033 90,765 91,386
All nondurable manufacturing:
1994 .......................... 19,003 19,807 22,441 26,573
1995 .......................... 25,879 28,179 27,587 22,268
1996 .......................... 28,032 28,297 32,099 30,495
1997 .......................... 33,389 30,672 30,480 28,756
1998 .......................... 29,728 28,629 30,669 17,699
1999 .......................... 26,446 29,090 31,127 30,844
2000 .......................... 37,500 38,926 36,712 29,200
2001 .......................... 31,762 34,491 26,587 19,318
2002 .......................... 26,996 29,396 30,361 31,703
2003 .......................... 44,089 34,387 29,373 40,861
2004 .......................... 42,105 47,355 51,274 50,706
All durable manufacturing:
1994 .......................... 17,424 21,301 23,007 25,502
1995 .......................... 26,940 23,705 21,782 21,965
1996 .......................... 23,229 25,563 29,114 28,281
1997 .......................... 27,402 31,062 31,355 31,628
1998 .......................... 45,004 20,471 30,284 32,152
1999 .......................... 33,470 34,461 35,599 36,891
2000 .......................... 39,831 32,490 37,162 18,392
2001 .......................... (31,721) (17,727) (15,478) (11,157)
2002 .......................... (1,914) 9,500 11,082 2,892
2003 .......................... 14,673 16,150 24,625 32,661
2004 .......................... 34,139 39,677 39,491 40,679
(1) Data after fourth quarter 2000 are presented on the North American Industry Classificaton System
basis. Data prior to fourth quarter 2000 are presented on the Standard Industrial Classification system basis.
Comparisons of these data are useful only for trend analysis.
Sales
4Q 3Q 4Q
Industry Group 2004 2004(2) 2003(2)
(million dollars)
All manufacturing corporations(3)..........1,283,731 1,249,510 1,118,800
All nondurable goods....................... 623,858 609,295 526,972
Food..................................... 108,706 103,752 101,484
Beverage and tobbaco products............ 34,181 35,669 33,715
Textiles mills and textile product mills. 12,282 12,671 11,611
Apparel and leather products............. 22,479 23,723 18,503
Paper ................................... 40,257 40,938 37,872
Printing and related support activities.. 17,802 17,120 17,273
Petroleum and coal products.............. 203,760 196,411 142,886
Chemicals ............................... 148,310 143,045 131,711
Basic chemicals, resins, and
synthetics(4).......................... 44,644 43,017 36,594
Pharmaceuticals and medicines(4)........ 63,052 58,793 57,463
All other chemicals(4).................. 40,613 41,235 37,654
Plastics and rubber products............. 36,081 35,967 31,917
All durable manufacturing.................. 659,874 640,214 591,828
Wood products............................ 18,773 20,796 16,209
Nonmetallic mineral products............. 26,042 28,764 22,042
Primary metals........................... 43,308 44,001 33,459
Iron, steel, and ferroalloys(4)......... 22,955 23,630 15,159
Nonferrous metals(4).................... 16,041 16,084 14,264
Foundries(4)............................ 4,312 4,287 4,036
Fabricated metal products................ 58,188 58,582 51,237
Machinery ............................... 72,522 71,786 59,817
Computer and electronic products......... 141,002 132,883 126,493
Computer and peripheral equipment(4).... 46,434 40,146 40,977
Communications equipment(4)............. 27,550 26,114 23,285
All other electronic products(4)........ 67,018 66,623 62,231
Electrical equipment, appliances and
components.............................. 52,292 48,963 48,970
Transportation equipment ................ 202,584 190,131 192,426
Motor vehicles and parts(4)............. 144,219 134,604 137,359
Aerospace products and parts(4)......... 48,524 45,631 46,184
Furniture and related products........... 15,152 15,311 13,952
Miscellaneous manufacturing.............. 29,981 28,999 27,222
All mining(3).............................. 32,651 30,687 25,341
All wholesale trade(3)..................... 403,205 379,499 355,000
All retail trade(3)........................ 448,069 410,933 428,026
(1)Operating profits are profits before nonoperating income
and expense items and income taxes.
Operating Profits(1)
4Q 3Q 4Q
Industry Group 2004 2004(2) 2003(2)
(million dollars)
All manufacturing corporations(3).......... 80,729 88,356 56,608
All nondurable goods....................... 46,003 47,718 32,264
Food..................................... 7,431 6,348 7,155
Beverage and tobbaco products............ 4,821 5,340 5,043
Textiles mills and textile product mills. 323 547 333
Apparel and leather products............. 1,891 2,507 1,408
Paper ................................... 2,457 3,146 1,542
Printing and related support activities.. 1,024 1,270 1,007
Petroleum and coal products.............. 16,152 14,261 4,386
Chemicals ............................... 10,407 12,276 10,475
Basic chemicals, resins, and
synthetics(4).......................... 762 1,490 (1,243)
Pharmaceuticals and medicines(4)........ 5,910 6,028 7,975
All other chemicals(4).................. 3,735 4,758 3,742
Plastics and rubber products............. 1,498 2,023 913
All durable manufacturing.................. 34,726 40,637 24,344
Wood products............................ 892 2,027 1,031
Nonmetallic mineral products............. 1,939 3,401 1,196
Primary metals........................... 3,512 4,412 58
Iron, steel, and ferroalloys(4)......... 2,639 3,060 (185)
Nonferrous metals(4).................... 907 1,168 249
Foundries(4)............................ (33) 183 (7)
Fabricated metal products................ 3,787 5,199 2,530
Machinery ............................... 3,844 5,386 2,810
Computer and electronic products......... 8,502 7,050 9,027
Computer and peripheral equipment(4).... 1,951 470 3,778
Communications equipment(4)............. 996 1,073 539
All other electronic products(4)........ 5,555 5,507 4,710
Electrical equipment, appliances and
components.............................. 4,159 3,358 3,505
Transportation equipment ................ 4,027 5,623 1,406
Motor vehicles and parts(4)............. (48) 1,419 (2,412)
Aerospace products and parts(4)......... 3,160 3,134 3,028
Furniture and related products........... 798 1,141 742
Miscellaneous manufacturing.............. 3,265 3,041 2,039
All mining(3).............................. 8,001 6,699 3,809
All wholesale trade(3)..................... 10,826 12,024 10,589
All retail trade(3)........................ 24,472 16,354 23,435
(1)Operating profits are profits before nonoperating income
and expense items and income taxes.
After-Tax Profits
4Q 3Q 4Q
Industry Group 2004 2004(2) 2003(2)
(million dollars)
All manufacturing corporations(3).......... 86,551 89,504 68,425
All nondurable goods....................... 48,781 52,582 38,731
Food..................................... 5,764 5,184 5,222
Beverage and tobbaco products............ 4,640 5,605 4,244
Textiles mills and textile product mills. 61 289 261
Apparel and leather products............. 1,403 2,029 513
Paper ................................... 812 1,551 600
Printing and related support activities.. 424 745 394
Petroleum and coal products.............. 21,676 17,467 12,563
Chemicals ............................... 12,965 18,449 15,201
Basic chemicals, resins, and
synthetics(4).......................... 1,130 1,230 (2,407)
Pharmaceuticals and medicines(4)........ 5,007 11,621 11,967
All other chemicals(4).................. 6,828 5,599 5,641
Plastics and rubber products............. 1,035 1,262 (266)
All durable manufacturing.................. 37,770 36,922 29,694
Wood products............................ 512 1,476 697
Nonmetallic mineral products............. (1,721) (1,501) (662)
Primary metals........................... 3,559 3,211 (482)
Iron, steel, and ferroalloys(4)......... 2,229 2,248 (943)
Nonferrous metals(4).................... 1,405 1,118 500
Foundries(4)............................ (75) (155) (39)
Fabricated metal products................ 2,511 3,539 1,033
Machinery ............................... 3,300 4,189 2,168
Computer and electronic products......... 13,728 11,669 12,623
Computer and peripheral equipment(4).... 5,797 3,764 5,393
Communications equipment(4)............. 2,359 2,402 2,217
All other electronic products(4)........ 5,571 5,503 5,013
Electrical equipment, appliances and
components.............................. 7,246 5,949 5,906
Transportation equipment ................ 5,156 4,800 5,646
Motor vehicles and parts(4)............. 2,447 1,643 2,035
Aerospace products and parts(4)......... 2,134 2,381 2,995
Furniture and related products........... 392 712 292
Miscellaneous manufacturing.............. 3,088 2,878 2,474
All mining(3).............................. 6,564 5,192 1,705
All wholesale trade(3)..................... 8,237 8,954 4,051
All retail trade(3)........................ 16,481 11,503 14,907
(1)Operating profits are profits before nonoperating income
and expense items and income taxes.
4Q 3Q 4Q
Item 2004 2004(1) 2003(1)
(million dollars)
Net sales, receipts, and operating revenues .. 448,069 410,933 428,026
Less: Depreciation, depletion and
amortization ......................... 8,227 7,738 7,530
Less: All other operating costs and expenses . 415,370 386,841 397,062
Income (or loss) from operations ........... 24,472 16,354 23,435
Net nonoperating income (expense) ............ 178 816 1,934
Income (or loss) before income taxes ....... 24,650 17,170 25,369
Less: Provision for current and deferred
domestic income taxes ................ 8,169 5,667 10,463
Income (or loss) after income taxes ........ 16,481 11,503 14,907
Cash dividends charged to retained earnings
in current quarter ......................... 2,754 2,021 1,782
Net income retained in business ............ 13,727 9,482 13,125
Retained earnings at beginning of quarter .... 236,108 227,689 207,520
Other direct credits (or charges) to retained
earnings (net) ............................. (3,948) (2,464) (7,976)
Retained earnings at end of quarter ........ 245,886 234,707 212,669
(1) Revised.
4Q 3Q 4Q
Item 2004 2004(1) 2003(1)
(cents)
Net sales, receipts, and operating revenues .. 100.0 100.0 100.0
Less: Depreciation, depletion, and
amortization ............................... 1.8 1.9 1.8
Less: All other operating costs and expenses . 92.7 94.1 92.8
Income (or loss) from operations ........... 5.5 4.0 5.5
Net nonoperating income (expense) ............ 0.0 0.2 0.4
Income (or loss) before income taxes ....... 5.5 4.2 5.9
Less: Provision for current and deferred
domestic income taxes ...................... 1.8 1.4 2.4
Income (or loss) after income taxes ........ 3.7 2.8 3.5
(1) Revised.
4Q 3Q 4Q
Item 2004 2004(1) 2003(1)
(percent)
Annual rate of profit on stockholders' equity
at end of period:
Before income taxes ...................... 29.82 21.48 33.91
After income taxes ....................... 19.94 14.39 19.92
Annual rate of profit on total assets:
Before income taxes ...................... 12.09 8.56 13.45
After income taxes ....................... 8.08 5.74 7.90
(1) Revised.
ORDER & RELEASE INFORMATION
[Economic Indicator Release Schedule]
Quarter Manufacturing, Mining, and Wholesale Trade Retail Trade
First 2005 June 13, 2005 July 12, 2005
Second 2005 September 12, 2005 October 12, 2005
Third 2005 December 12, 2005
Back to Quarterly Financial
Report
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