U.S. First-Quarter Manufacturing Financial Report (Text)

Following is the text from the quarterly financial report for manufacturing, mining and trade from the Census Bureau.

After-Tax Profits and Sales, First Quarter 2013 - Seasonally Adjusted Manufacturing Corporations

U.S. manufacturing corporations’ seasonally adjusted after-tax profits in the first quarter of 2013 totaled $152.5 billion, up $14.4 (+/-0.2) billion from the after-tax profits of $138.1 billion recorded in the fourth quarter of 2012, and up $6.0 (+/- 0.4) billion from the after-tax profits of $146.5 billion recorded in the first quarter of 2012.

Seasonally adjusted sales for the quarter totaled $1,677.1 billion, down $4.7 (+/-2.0) billion from the $1,681.9 billion recorded in the fourth quarter of 2012, and down $15.6 (+/-9.4) billion from the $1,692.7 billion recorded in the first quarter of 2012.

Nondurable Goods Manufacturers

Nondurable goods manufacturers’ seasonally adjusted after-tax profits in the first quarter of 2013 totaled $82.0 billion, up $4.9 (+/-0.1) billion from the after-tax profits of $77.2 billion recorded in the fourth quarter of 2012, and up $6.3 (+/- 0.6) billion from the after-tax profits of $75.7 billion recorded in the first quarter of 2012.

Seasonally adjusted sales for the quarter totaled $899.5 billion, not statistically different from the $898.5 billion recorded in the fourth quarter of 2012, but down $16.6 (+/-9.0) billion from the $916.1 billion recorded in the first quarter of 2012.

Durable Goods Manufacturers

Durable goods manufacturers’ seasonally adjusted after-tax profits in the first quarter of 2013 totaled $70.5 billion, up $9.6 (+/-0.2) billion from the after-tax profits of $60.9 billion recorded in the fourth quarter of 2012, but not statistically different from the after-tax profits of $70.8 billion recorded in the first quarter of 2012.

Seasonally adjusted sales for the quarter totaled $777.6 billion, down $5.8 (+/-1.9) billion from the $783.4 billion recorded in the fourth quarter of 2012, but not statistically different from the $776.6 billion recorded in the first quarter of 2012.

After-Tax Profits and Sales, First Quarter 2013 - Not Seasonally Adjusted Manufacturing Corporations

U.S. manufacturing corporations’ first quarter 2013 unadjusted after-tax profits totaled $151.2 billion, up $6.5 (+/-0.4) billion from the after-tax profits of $144.7 billion recorded in the first quarter of 2012, and up $26.9 (+/-0.2) billion from the after-tax profits of $124.3 billion recorded in the fourth quarter of 2012.

Unadjusted sales for the first quarter of 2013 totaled $1,634.0 billion, down $14.2 (+/-9.4) billion from the $1,648.2 billion recorded in the first quarter of 2012, and down $42.6 (+/-2.0) billion from fourth quarter 2012 sales of $1,676.6 billion.

Nondurable Goods Manufacturers

Nondurable goods manufacturers’ first quarter 2013 unadjusted after-tax profits totaled $82.7 billion, up $6.5 (+/- 0.6) billion from the after-tax profits of $76.2 billion recorded in the first quarter of 2012, and up $13.2 (+/-0.1) billion from fourth quarter 2012 after-tax profits of $69.5 billion.

Unadjusted sales for the first quarter of 2013 totaled $877.6 billion, down $15.6 (+/-9.0) billion from the $893.2 billion recorded in the first quarter of 2012, and down $13.3 (+/-1.4) billion from fourth quarter 2012 sales of $890.9 billion.

Durable Goods Manufacturers

Durable goods manufacturers’ first quarter 2013 unadjusted after-tax profits totaled $68.5 billion, were not statistically different from the after-tax profits of $68.5 billion recorded in the first quarter of 2012, but up $13.7 (+/-0.2) billion from fourth quarter 2012 after-tax profits of $54.7 billion.

Unadjusted sales for the first quarter of 2013 totaled $756.4 billion, were not statistically different from the $755.0 billion recorded in the first quarter of 2012, but down $29.3 (+/-1.9) billion from fourth quarter 2012 sales of $785.7 billion.

Mining Corporations

First quarter 2013 unadjusted after-tax profits for mining corporations with assets of $50 million and over totaled $7.6 billion, down $4.2 (+/-0.0) billion from the after-tax profits of $11.8 billion recorded in the first quarter of 2012, but up $9.1 (+/-0.0) billion from after-tax losses of $1.5 billion recorded in fourth quarter 2012 .

Unadjusted sales for the first quarter of 2013 totaled $78.2 billion, up $8.4 (+/-0.4) billion from the $69.8 billion recorded in the first quarter of 2012, but down $3.0 (+/-0.2) billion from fourth quarter 2012 sales of $81.2 billion.

Wholesale Trade Corporations

First quarter 2013 unadjusted after-tax profits for wholesale trade corporations with assets of $50 million and over totaled $11.0 billion, up $4.1 (+/-0.2) billion from the after-tax profits of $7.0 billion recorded in the first quarter of 2012, and up $3.8 (+/-0.1) billion from the after-tax profits of $7.3 billion recorded in fourth quarter 2012.

Unadjusted sales for the first quarter of 2013 totaled $556.8 billion, up $20.3 (+/-10.2) billion from the $536.5 billion recorded in first quarter 2012, but down $21.3 (+/-3.5) billion from fourth quarter 2012 sales of $578.1 billion.

Information Corporations

First quarter 2013 unadjusted after-tax profits for information corporations with assets of $50 million and over totaled $36.6 billion, up $10.4 (+/-0.0) billion from the after-tax profits of $26.2 billion recorded in the first quarter of 2012, and up $19.6 (+/-0.0) billion from fourth quarter 2012 after-tax profits of $17.0 billion.

Unadjusted sales for the first quarter of 2013 totaled $246.7 billion, up $11.8 (+/-0.4) billion from the $234.9 billion recorded in first quarter 2012, but down $7.8 (+/-0.3) billion from fourth quarter 2012 sales of $254.4 billion.

Professional and Technical Services Corporations (except Legal Services)

First quarter 2013 unadjusted after-tax profits for professional and technical services corporations (except legal services) with assets of $50 million and over totaled $5.6 billion, not statistically different from the after-tax profits of $5.6 billion recorded in the first quarter of 2012, but down $4.5 (+/-0.0) billion from fourth quarter 2012 after-tax profits of $10.1 billion.

Unadjusted sales for the first quarter of 2013 totaled $108.3 billion, up $3.2 (+/-1.6) billion from the $105.1 billion recorded in first quarter 2012, but down $6.1 (+/-1.6) billion from fourth quarter 2012 sales of $114.3 billion.

SOURCE: U.S. Commerce Department.

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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