What Manufacturing Chief Financial Officers Have to Say

On March 22 Thorugh April 5, 2010, Grant Thornton LLP Conducted a Survey Among Chief Financial Officers. 496 U.S. CFOs and Senior Comptrollers were Surveyed. Among this Large Group, 92 Officers were from Manufacturing Companies. See What These Manufacturing Chief Financial Officers Had to Say

By Grant Thornton LLP

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See what questions were presented to 92 manufacturing chief financial officers and how they responded.

1. Your company is:

Item Count     Percent % 
Public 49  53.26%
Private  43 46.74%

 

2. The revenue size of your company is:

Item Count     Percent %
Between $1 billion to $5 billion 28 30.77%
Between $100 million and $500 million 25 27.47%
Greater than $5 billion 20 21.98%
Between $500 million and $1 billion 13 14.29%
Less than $100 million 5 5.49%

 

3. The state in which you are headquartered:

Item Count   Percent %     Item Count Percent %
Michigan  9  9.89%     Kansas  2  2.20%
New Jersey  8  8.79%     Maryland  2  2.20%
California  7  7.69%     Massachusetts  2  2.20%
Texas  7  7.69%     Minnesota  2  2.20%
Ohio  6  6.59%     Missouri  2  2.20%
Florida  5  5.49%     Wisconsin  2  2.20%
North Carolina  5  5.49%     Arizona  1  1.10%
Georgia  4  4.40%     Idaho  1  1.10%
Indiana  4  4.40%     Kentucky  1  1.10%
Illinois  3  3.30%     Nebraska  1  1.10%
New York  3  3.30%     Rhode Island  1  1.10%
Oregon  3  3.30%     South Carolina  1  1.10%
Pennsylvania  3  3.30%     Tennessee  1  1.10%
Connecticut  2  2.20%     Washington  1  1.10%
Iowa  2   2.20%          

 

4. Over the next six months, do you expect the U.S. economy to:

Item Count Percent %
Improve 43 46.74%
Remain the same 43 46.74%
Worsen 6 6.52%

 

5. Over the next six months, do you expect your company’s financial prospects to:

Item Count Percent %
Improve 55 59.78%
Remain the same 33 35.87%
Worsen 4 4.35%

 

6. Over the next six months, do you expect prices or fees charged by your company to:

Item Count Percent %
Improve 54 59.34%
Remain the same 31 34.07%
Worsen 6 6.59%

 

7. Over the next six months, do you expect your headcount to:

Item Count Percent %
Improve 46 50.00%
Remain the same 23 25.00%
Worsen 23 25.00%

 

8. When do you believe the U.S. economy will come out of recession?

Item Count Percent %
2011 46 50.00%
Second half of 2010 24 26.09%
Later than 2011 17 18.48%
First half of 2010 5 5.43%

 

9. The best way to create jobs is:

Item Count Percent %
Cut corporate tax rate 34 40.00%
Cut personal income tax rates 26 30.59%
Tax credit for new hires 14 16.47%
Government stimulus programs 8 9.41%
R&D credits 3 3.53%

 

10. Is your company reducing average costs per employee in any of these employee benefit and compensation areas?

Item Decrease Same Increase Total
Salary raises 27.2%

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