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EARNINGS
The Hershey Co. on Thursday reported a 5.4 percent increase in net profits for the fourth quarter on an 11.7 percent increase in sales.
Net profits were $149.9 million (66 cents a share), up from $142.1 million (62 cents a share) in the 2011 quarter. Sales rose to $1.75 billion from $1.57 billion.
For the year, net profits were $660.9 million ($2.89 a share), up 5.1 percent from $629.0 million ($2.74 a share) in 2011. Sales grew 9.3 percent to $6.64 billion.
Strengthening the bottom line were higher sales, helped by the company's Brookside acquisition, and improved productivity.
These more than overcame the impact of larger charges, higher selling, general and administrative expense, and higher income taxes.
Hershey owns Y&S Candies on Running Pump Road.
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CNH Global on Thursday reported higher net profits for the fourth quarter and full year.
For the quarter, net profits were $195 million (78 cents a share), up 1 percent from $193 million (80 cents a share) in the 2011 quarter. Revenue rose 3 percent to $5.2 billion.
For the year, net profits were $1.1 billion ($4.68 a share), up 22 percent from $939 million ($3.91 a share) in 2011. Revenue increased 7 percent to $20.4 billion.
Upturns in the agricultural equipment and financial services segments lifted the bottom line, more than offsetting a slump in the construction equipment segment.
Based in Burr Ridge, Ill., CNH has its New Holland division headquarters here.
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