Tuesday, September 23, 2014

South Dakota Company 2013 Audited Profits Up 147% Over 2009

Since the US Senate Race in South Dakota is now really heating up, I think it would be helpful to research how the 5 South Dakota Headquartered Companies with Market Capitalizations now above $50 mil each and with annual audited financial statements filed with the SEC in 2013, in 2009 and in 2007 have done on the earnings front.

The Total Audited 2013 Net Income from Continuing Operations of these 5 South Dakota Companies was $88.6 mil, an increase of a spectacular 147% from the comparable earnings in 2009, which was the very low point of annual corporate profits due to the late 2008 financial meltdown.

This spectacular 147% earnings recovery for these South Dakota Companies from 2009 to the most recent 2013 occurred when the now retiring Tim Johnson was a South Dakota US Senator and also when Democrats had a majority in the US Senate.

In addition, the Total Audited Earnings of these 5 South Dakota Companies in 2013 were up a very impressive 47% over the comparable earnings in 2007, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......they not only recouped the earnings they lost with the financial meltdown, but they also added another 47% of earnings.  

Below here are the Audited Net Income (Loss) From Continuing Operations for each of these 5 South Dakota Companies in 2013, in 2009 and in 2007, along with the related Net Income (Loss) Percentage Changes:







2013 2013






vs vs



2013 2009 2007 2009 2007



Audited Audited Audited Audited Audited


Most Net Net Net Net Net


Recent Income Income Income Income Income


FYE (Loss) (Loss) (Loss) (Loss) (Loss)
South Dakota Company HQs
 $ 000s  $ 000s  $ 000s % Change % Change








Raven Industries Sioux Falls Jan 14          42,902          28,574          27,802 50% 54%
Daktronics Brookings Apr 14          22,206          (6,989)          26,213 418% -15%
Meta Financial Group Sioux Falls Sep 13          13,418          (1,463)            1,171 1017% 1046%
HF Financial Sioux Falls Jun 14            6,602            5,745            5,843 15% 13%
National American University Rapid City May 14            3,468          10,039              (614) -65% 665%








Total all 5

        88,596          35,906          60,415 147% 47%





 

More details to come.