Measuring the Boom

The first earnings reports of TV-makers came out last week, and showed that the 1950 boom had indeed been big. Radio Corp. of America grossed $586,393,000 on all its products, and had a net profit of $46,250,000--84% above last year. Net earnings were an alltime high of $3.10 a share, v. $1.58 in 1949. On percentage, Admiral Corp. did even better. Earnings hit a record $18,767,554, or $9.73 a share, v. $4.26 in 1949.

Other 1950 reports:

P:General Motors Corp.'s net earnings during 1950 were $834 million, 27% more than last year and the highest profit ever reported by any corporation in the world. (G.M. also announced last week that it is now working on more than $3 billion worth of defense orders--nearly one-fourth of the dollar volume of work the Government gave it during all of World War II.') P:Westinghouse Electric Corp.'s sales went over the one billion mark for the first time (to $1,019,923,051). Net income of $77,922,944 ($5.36 a common share) was $10,654,389 more than last year. P:Chrysler Corp.'s earnings, nipped by a 100-day strike, were $127,876,791, or $4,293,305 under last year, although sales were at a record high. Earnings per share were $14.69, v. $15.19 for 1949. P:B. F. Goodrich Co. sales and production were the highest in the company's 80-year history, and earnings were 66% more than, in 1949. Net profit was $34,708,355 ($24.19 a share).

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