Thursday, May 10, 2012

New Hampshire Corporate 2011 Annual Earnings On Fire Under Obama

I found three Corporations, headquartered in New Hampshire, which file with the SEC, and which had Pretax Income or Pretax Loss of more than $40 mil in any of the most recent three fiscal years.

These three New Hampshire Corps, had their Total Pretax Earnings in 2011 increase by an incredible 70% over 2010, and increase by an even higher 111% over 2009.

In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Asset Impairments, and Gains and Losses on both Debt Retirements and Asset Dispositions.

New Hampshire citizens should be extremely proud of the operating performance in the most recent two years of their superb New Hampshire Corporations.


Clearly, the Obama Administration has created an economic environment that has permitted these New Hampshire Corporations to flat-out flourish. 

New Hampshire is very fortunate to have Jeanne Shaheen as one of its US Senators.  She is a strong advocate for New Hampshire businesses of all sizes.

Below here is the New Hampshire headquarters location and the Sector of each of these three New Hampshire Corporations.  

New Hampshire Corporation New Hampshire HQs Sector



GT Advanced Technologies Merrimack Technology: Semiconductors
Standex Intl Salem Manufacturing: Refrigeration and Service Industry Machinery
PC Connection Merrimack Retail: Catalog and Mail Order

And below here is the Pretax Income (PTI) of these three New Hampshire Corps for each of the most recent three years, with the most recent fiscal year ends ranging from June 2011 to December 2011.







Obama





Bump




PTI(L) PTI(L)

1 Year 2 Year

PTI(L) PTI(L) PTI(L) % %

2011 2010 2009 Change Change
mils $s mils $s mils $s

New Hampshire




GT Advanced Technologies 271 140 142 94% 91%
Standex Intl 50 39 21 28% 138%
PC Connection 47 38 11 24% 327%






Total all 3 368 217 174 70% 111%