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Article Date: June 2021
Word Count: 1191

Industry Revenues and Profits Soar in All Sectors


In an amazing rebound from the first quarter of 2020, revenues grew by a third to $50,611.0 million to start 2021 from $37,985.5 million at the 49 industry companies we track, as a sea of red ink gave way to huge profits everywhere. Aggregate net income was $5,367.9 million, against a loss of $1,198.3 million last year, representing a swing in Return on Sales to 10.6% from -3.2%. Of the companies listed, 46 turned a profit, up from just 25 in Q1 last year, with only one retailer (Lululemon, of course) in the black last year. A number of companies ... Log in to view full article.

 


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