Tuesday, October 7, 2014

Ohio Company 2013 Audited Earnings Excluding Procter & Gamble Up 15,717% Over 2008

Since there is a key DSCC Fundraiser in Cleveland, Ohio on Thursday, October 9, 2014 which three very influential US Senators will be attending.....Sherrod Brown, Chuck Schumer and Amy Klobuchar....., I think it would be helpful to research how the 61 Ohio Headquartered Companies with Market Capitalizations now of at least $1 bil each and with annual audited financial statements filed with the SEC covering all years from 2007 to 2013 have done on the earnings front before, during and after the late 2008 financial meltdown.

The Total Audited 2013 Net Income from Continuing Operations of the 60 Ohio Companies other than the Giant Procter & Gamble was $23.7 bil, an increase of a phenomenally off-the-charts 15,717% over the comparable earnings of only $150 mil in the financial meltdown year of 2008, the last year of the Presidency of George W. Bush/Dick Cheney.

This phenomenally off-the-charts earnings recovery for these 60 Ohio Companies from 2008 to the most recent 2013 occurred when Democrats controlled the US Senate, President Obama was in office and there were very effective US Fed Chairpersons. 

Procter & Gamble's 2013 earnings, which have been extremely stable, even during the financial meltdown, were 50% of the combined earnings of the next 60 largest Ohio Companies.   

Below here are the Audited Net Income (Loss) From Continuing Operations for each of these 61 Ohio Companies in 2013, 2012, 2011, 2009, 2008 and in 2007:
2013 2012 2011 2009 2008 2007



Audited Audited Audited Audited Audited Audited


Most Net Net Net Net Net Net


Recent Income Income Income Income Income Income


FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Ohio Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s









Marathon Petroleum Corp Findlay Dec 13          2,133          3,393          2,389              449          1,215          2,262
Eaton Corp PLC Cleveland Dec 13          1,873          1,220          1,352              385          1,067              973
Fifth Third Bancorp Cincinnati Dec 13          1,826          1,574          1,298              737        (2,113)          1,076
Kroger Cincinnati Jan 14          1,531          1,508              596                57          1,250          1,224
Macy's Cincinnati Jan 14          1,486          1,335          1,256              350        (4,803)              909
Progressive Mayfield Village Dec 13          1,165              902          1,016          1,058              (70)          1,183
Cardinal Health Dublin Jun 14          1,163              335          1,070              587              758              847
Parker-Hannifin Cleveland Jun 14          1,041              949          1,155              556              510              958
L Brands Columbus Jan 14              903              753              850              448              216              696
KeyCorp Cleveland Dec 13              870              842              967        (1,263)        (1,287)              967
Sherwin-Williams Cleveland Dec 13              753              631              442              436              477              616
Goodyear Tire & Rubber Akron Dec 13              675              237              417           (364)              (23)              190
Huntington Bancshares Columbus Dec 13              639              641              543        (3,094)           (114)                75
JM Smucker Orrville Apr 14              565              544              460              494              266              170
Cincinnati Financial Fairfield Dec 13              517              421              164              432              429              855
American Financial Group Cincinnati Dec 13              453              402              319              531              200              413
Teradata Dayton Dec 13              377              419              353              254              250              200
Cintas Cincinnati May 14              374              315              298              216              226              335
Cliffs Natural Resources Cleveland Dec 13              360        (1,163)          1,793              204              537              285
Mettler-Toledo Columbus Dec 13              306              291              269              173              203              179
RPM Intl Medinah May 14              306              110              234              181              120                44
TransDigm Group Cleveland Sep 13              303              325              152              163              133                89
Lincoln Electric Holdings Cleveland Dec 13              292              257              217                49              212              203
Timken Canton Dec 13              263              496              457              (66)              283              211
Dana Holding Maumee Dec 13              261              315              240           (436)                50           (423)
PolyOne Corp Avon Lake Dec 13              243                72              173                68           (273)                11
Nordson Westlake Oct 13              222              225              222           (160)              118                91
Vantiv Cincinnati Dec 13              208              111                85                89              153              141
Owens Corning Toledo Dec 13              205              (16)              281                67           (811)                29
Owens-Illinois Perrysburg Dec 13              197              218           (480)              198              322              359
FirstMerit Akron Dec 13              184              134              120                82              119              123
Scotts Miracle-Gro Marysville Sep 13              161              113              140              153              (11)              113
Worthington Industries Columbus May 14              160              137              125                52           (104)              114
DSW Inc Columbus Jan 14              151              145              200                55                27                54
Greif Delaware Oct 13              149              128              178              132              234              156
Cooper Tire & Rubber Findlay Dec 13              134              252              270              115           (228)              100
Steris Mentor Mar 14              129              160              136              128              111                77
Big Lots Columbus Jan 14              125              177              206              201              155              151
Express Columbus Jan 14              117              139              141                75              (29)              (10)
Applied Industrial Technologies Cleveland Jun 14              113              118              109                66                42                95
Cedar Fair LP Sandusky Dec 13              108              102                65                35                  6                (4)
Lancaster Colony Columbus Jun 14              101              104                92              115                89                48
The Andersons Maumee Dec 13                96                76                97                40                30                67
Health Care REIT Toledo Dec 13                87              181              117              162              139              104
Chart Industries Garfield Heights Dec 13                87                72                44                61                79                44
Omnicare Cincinnati Dec 13                85              172              143              235              145              102
Chemed Cincinnati Dec 13                77                89                86                74                68                60
Park National Newark Dec 13                77                79                82                74                14                23
Ferro Corp Mayfield Heights Dec 13                72           (373)                  5              (40)              (53)              (98)
Convergys Cincinnati Dec 13                59                28              283              (77)              (93)              170
TFS Financial Cleveland Sep 13                56                11                  9                14                54                26
Abercrombie & Fitch New Albany Jan 14                55              237              143                79              308              499
Wendy's Dublin Dec 13                45                  8                18                  4           (482)                15
Bob Evans Farms Columbus Apr 14                31                83                70                70                (5)                65
AK Steel Holding West Chester Dec 13                17           (999)           (160)              (78)                  5              388
Associated Estates Realty Richmond Heights Dec 13                  5                  0              (13)              (10)              (10)              (16)
DDR Corp Beachwood Dec 13                  2                22                (6)           (444)                16              162
Glimcher Realty Trust Columbus Dec 13                (5)                (3)                19                  5                18                16
Forest City Enterprises Cleveland Dec 13              (85)              (23)           (113)              (22)           (110)                  6
Diebold North Canton Dec 13           (177)                83              151                79              115              105









Total all 60 Excluding Procter & Gamble

       23,726        19,114        21,345          4,234              150        17,923









% Increases in Annual Earnings







…..2013 over 2008

15717%




…..2013 over 2007

460%




…..2013 over 2009

32%













Procter & Gamble Cincinnati Jun 14        11,785        11,402        10,904        10,946        10,680        11,291

It's pretty clear to me that Ohio Company Earnings and thus also their related Stock Market Prices in the next two years have a much better chance of being much higher under a US Senate controlled by the Democrats than one controlled by the Republicans.  Profits of US Businesses and a rising US Stock Market have resulted from and will continue to result from a very effective Trifecta of President Obama, a Democratic Majority US Senate and Janet Yellen heading the US Fed.....you need all three of these or else the three-legged stool drops precipitously. 




More details to come.
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