Daily Management Review

Johnson & Johnson, Phillips, DuPont reported 2016 results


01/24/2017


The reporting period for the S & P 500 companies is in full swing. Johnson & Johnson, Phillips and DuPont have already submitted their reports this week. Let's see what results the companies managed to achieve over the past year.



Alf van Beem
Alf van Beem
DuPont

Net profit of American DuPont, one of the largest chemical companies in the world, in 2016 increased by 20.9% to $ 2.525 billion compared to the same period last year.

Diluted earnings per share were $ 2.85 versus $ 2.09 at the end of 2015. The company's revenue for the period decreased by 2.1% compared with the previous year, and amounted to $ 24.594 billion.

Net profit for the IV quarter was $ 263 million compared to a loss of $ 256 million for the same period of 2015. Diluted earnings per share were $ 0.29 compared to a loss of $ 0.26 in the IV quarter of 2015. Revenue at the end of October-December amounted to $ 5.2 billion, which is 1.7% less than in the same period of 2015.

Phillips

Royal Philips, the Dutch manufacturer of technologically advanced products, published on Tuesday financial results for the IV quarter of 2016, which were worse than market expectations.

Adjusted EBITA of the company in October-December amounted to 1 billion euros ($ 1.08 billion), which is 18.7% more than in the same period of the previous year (842 million euros). Sales increased by 3% to 7.24 billion. Meanwhile, analysts, interviewed to Reuters, on average, had forecast adjusted EBITA in amount of 1.04 billion euros and sales of 7.28 billion euros.

Philips confirmed medium-term targets for average growth in comparable sales in the range of 4% to 6%, and improved adjusted EBITA margin by 1 percent per year, despite the conflict with the Ministry of Justice.

Johnson & Johnson

Net profit of American company Johnson & Johnson, the world’s largest manufacturer of health products, was $ 3.814 billion in IV quarter of 2016, which is 18.6% higher than result for the same period of 2015.

Worldwide sales of the company increased by 1.7% over the reporting period, and reached $ 18.11 billion.

Net profit of J&J in 2016 increased by 7.3% compared with 2015 to $ 16.54 billion. Net diluted earnings per share were $ 5.93 versus $ 5.48 in 2015. Worldwide sales of the company increased by 2.6% to $ 71.89 billion during the reporting period.






Science & Technology

Wreck Of Russian Ship Rumoured To Have 5,500 Boxes Of Gold Found Near South Korean Island

Gene Editing of Human Embryo Could Find ‘Moral’ Grounds: UK’s Ethics Council

Baidu comes up with a self-driving bus

Developing countries are stepping up their own space programs

McAfee: Number of cybercrime attacks skyrocketed

RemoveDebris Mission To Clear Debris Of In Orbit Over Earth

British experts: Online gambling is dangerous

Vodafone Chooses ‘Highly Trafficked Urban’ Space As Its 5G Testing Grounds

Space To Become A Travel Destination By 2022

Dream Of Immortality Can Be Realised By 2045

World Politics

World & Politics

Ireland pledges to stop investing in fossil fuels

Germany asks to return € 4 thousand subsidies for the purchase of Tesla

Was Trump's visit to the UK the last straw?

Prime Minister May Could Alter Brexit Strategies, Said Ress-Mogg

Le Maire: The US refused to release France from anti-Iran sanctions

One Belt, One Road is facing difficulties around the world

Qatar to raise $ 4 billion to buy Eurofighter Typhoon jets

The UK sets to turn all cars zero-emission by 2030