Tuesday, November 6, 2012

Iowa Corp 3Q 2012 Earnings Up 17%

I found 18 Corps headquartered in the State of Iowa, which have already reported their 3Q 2012 Earnings with the SEC, and which generated Ongoing, Core Pretax Income or Pretax Loss of at least $5 mil in either the 3Q 2012 or in the 3Q 2011.

These 18 Iowa Corps generated Total Ongoing, Core Pretax Income of $754 mil in the 3Q 2012, up a very impressive 17% from the $645 mil earned in the 3Q 2011.

The substantial corporate earnings deceleration that has hit so many US States in 2012 has bypassed Iowa, whose Corps are clearly very resilient.

Below here is the Ongoing, Core Pretax Income (PTI) or Pretax Loss of each of these 18 Iowa Corps for the most recent 3Q 2012 and also for the 3Q 2011.






PTI PTI


Pretax Pretax 3Q 2012 3Q 2012


Income Income Increase Increase

  (Loss) (Loss) (Decrease) (Decrease)

HQs 3Q 2012 3Q 2011 Amount %
 
mils $s mils $s mils $s
Iowa Largest Corps










Rockwell Collins Cedar Rapids 277 246 31 13%
Principal Financial Group Des Moines 181 151 30 20%
Caseys General Stores Ankeny 62 64 (2) -3%
Sauer Danfoss Ames 57 79 (22) -28%
Meredith Des Moines 42 36 6 17%
HNI Corp Muscatine 39 38 1 3%
FBL Financial Group West Des Moines 30 23 7 30%
Heartland Financial Dubuque 20 10 10 100%
Heartland Express North Liberty 18 18 0 0%
Peninsula Gaming Dubuque 17 (4) 21 525%
United Fire Group Cedar Rapids 8 (13) 21 162%
Winnebago Industries Forest City 7 2 5 250%
MidWest One Financial Iowa City 6 5 1 20%
West Bancorporation West Des Moines 5 4 1 25%
Flexsteel Industries Dubuque 5 4 1 25%
Golden Grain Energy Mason City (2) 7 (9) -129%
Newlink Genetics Ames (6) (4) (2) -50%
American Equity Investment Life West Des Moines (12) (21) 9 43%






Total all 18 Iowa Largest Corps
754 645 109 17%