Manufacturing after-tax profits sink 10% in third quarter
U.S. manufacturing corporations' seasonally adjusted after-tax profits in the third quarter of 2024 totaled $187.5 billion, down $18.9 (±0.8) billion from the after-tax profits of $206.4 billion recorded in the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Financial Report on Manufacturing, Mining, Wholesale Trade, and Selected Service Industries.
This was also down $38.8 (±1.5) billion from the after-tax profits of $226.3 billion recorded in the third quarter of 2023.
Seasonally adjusted sales for the quarter totaled $1,900.1 billion, down $14.2 (±8.9) billion from the $1,914.3 billion recorded in the second quarter of 2024, and down $93.6 (±40.5) billion from the $1,993.6 billion recorded in the third quarter of 2023.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
