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Article Date: April 2019
Word Count: 1317

Industry Profits Up 3% in Q4 on Solid 8% Sales Gain


Despite all the puts and takes of last year’s tax reform bill and ongoing restructuring charges, industry profits for the final quarter of 2018 were essentially unchanged at $1,735.3 million compared to $1,782.5 million as sales rose to $46,532.4 million from $43,234.1 million. Return on Sales overall slipped slightly to 3.8% from 4.0%, with a turnaround in the apparel sector and big gains in the retail sector partially offset by a decline in the equipment sector that was highlighted by a major impairment charge at Vista Outdoor.

 

These are the results of our quarterly survey of 53 global public companies which ... Log in to view full article.

 


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