Oregon Corporate 2011 Annual Earnings up 32% Since 2009 Under Obama

I found 10 Corporations headquartered in the beautiful State of Oregon, which file with the SEC, and which had Pretax Income or Pretax Loss of more than $100 mil in any of the most recent three fiscal years. 

The Total Pretax Income of all of these 10 Oregon Corps increased by a robust 32% in 2011 over such amount two years ago in 2009.

Two companies dominate the Oregon profit scene. 

Nike and Precision Castparts together comprised a massive 82% of the Total Pretax Profit of all 10 of these Oregon Corps in 2011.  Nike's 2011 earnings were up 21% over 2009, and Precision Castpart's 2011 earnings increased 29% over 2009.

But the real story here is what happened to the other 8 Oregon Corps, whose 2011 Total Pretax Earnings nearly doubled, up 96%, with that of two years ago in 2009.  I'm looking forward to seeing how the even smaller Oregon Corps' earnings came out in the most recent two years.  I have a feeling that they did just fine.

Oregon citizens should be very proud of their fine Oregon companies.

And yeah, the Obama Administration created a very robust US economic environment, which permitted these Oregon companies to do very well on the earnings front in the most recent two years.


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.

Below here is the Oregon headquarters location of each of these 10 Oregon Corporations. 

Oregon Corporation	Oregon HQs
Nike	Beaverton
Precision Castparts	Portland
FLIR Systems	Wilsonville
Stancorp Financial	Portland
Schnitzer Steel	Portland
Columbia Sportswear	Portland
FEI Co	Hillsboro
Umpqua Holdings	Portland
TriQuint Semiconductor	Hillsboro

Cascade Bancorp

Bend

 

And below here is the Pretax Income (PTI) or Pretax Loss (PTL) of these 10 Oregon Corps for each of the most recent three years, with the most recent fiscal year ends ranging from May 2011 to March 2012.

					Obama
					Bump
					Two
					Years
				PTI(L)	PTI(L)
				%	%
				Change	Change
				2011	2011
	PTI(L)	PTI(L)	PTI(L)	vs	vs
	2011	2010	2009	2010	2009
	mils $s	mils $s	mils $s
Oregon
Dominant Two
Nike	2,844	2,517	2,358	13%	21%
Precision Castparts	1,812	1,494	1,410	21%	29%
Remaining 8
FLIR Systems	311	363	340	-14%	-9%
Stancorp Financial	195	283	316	-31%	-38%
Schnitzer Steel	181	125	(47)	45%	485%
Columbia Sportswear	138	105	90	31%	53%
FEI Co	123	52	28	137%	339%
Umpqua Holdings	111	34	(82)	226%	235%
TriQuint Semiconductor	59	117	17	-50%	247%
Cascade Bancorp	(89)	(23)	(137)	-287%	35%
Total Remaining 8	1,029	1,056	525	-3%	96%

Total all 10

5,685

5,067

4,293

12%

32%