Industry revenues eked out a 1% improvement in the second quarter to $55,195.0 million from $54,707.2 million while aggregate net income declined 42% to $3,396.4 million from $5,825.5 million as companies faced growing macro headwinds and a difficult comparison with last year’s strong results. Still, only six companies saw red ink in the quarter, though 70% posted lower profits than last year, and 53% reported a decline in revenues. Total return on sales shrunk to 6.2% this year from 10.6% prior, falling right in line with historical averages for the industry, ... Log in to view full article.