Thus, as a backdrop for this upcoming speech and continuing a much deserved tribute to Bernanke's key role in helping the US avoid a Deep, Prolonged Financial Depression, I think it would be helpful to update just what has been going on with the Audited Earnings since the disastrous 2008 Financial Meltdown of the US Broad-Based Manufacturing Companies with Stock Market Caps between $3 and $10 bil.
Below here are the Audited Earnings (Losses) From Continuing Operations of each of these 149 US Broad-Based Manufacturers with total stock market capitalizations of between $3 bil and $10 bil for each of the fiscal year ends from 2007 through 2014:
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||
Audited | Audited | Audited | Audited | Audited | Audited | Audited | Audited | ||||
Net | Net | Net | Net | Net | Net | Net | Net | ||||
US Broad-Based | City | 2014 | Income | Income | Income | Income | Income | Income | Income | Income | |
Manufacturing Companies | HQs | FYE | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | |
mil $s | mil $s | mil $s | mil $s | mil $s | mil $s | mil $s | mil $s | ||||
Goodyear Tire & Rubber | Akron | OH | Dec | 2,521 | 675 | 237 | 417 | (164) | (364) | (23) | 190 |
Masco Corp | Taylor | MI | Dec | 908 | 323 | (18) | (423) | (981) | (92) | (327) | 539 |
Trinity Industries | Dallas | TX | Dec | 709 | 386 | 252 | 147 | 75 | (138) | 282 | 290 |
Lear Corporation | Southfield | MI | Dec | 702 | 456 | 1,317 | 570 | 461 | (648) | (664) | 267 |
Westlake Chemical | Houston | TX | Dec | 685 | 610 | 386 | 259 | 221 | 53 | (30) | 115 |
Celanese Corp | Irving | TX | Dec | 627 | 1,101 | 376 | 606 | 426 | 494 | 370 | 327 |
KLA-Tencor | Milpitas | CA | Jun | 583 | 543 | 756 | 794 | 212 | (523) | 359 | 528 |
Flowserve | Irving | TX | Dec | 525 | 488 | 451 | 429 | 389 | 428 | 445 | 258 |
Ball Corp | Broomfield | CO | Dec | 498 | 435 | 422 | 469 | 549 | 391 | 315 | 282 |
Rock-Tenn | Norcross | GA | Sep | 484 | 733 | 252 | 146 | 231 | 226 | 82 | 82 |
Crown Holdings | Philadelphia | PA | Dec | 475 | 428 | 664 | 396 | 452 | 450 | 330 | 601 |
Polaris Industries | Medina | MN | Dec | 454 | 381 | 312 | 228 | 147 | 101 | 117 | 113 |
Snap-on | Kenosha | WI | Dec | 432 | 360 | 315 | 284 | 193 | 144 | 244 | 194 |
Colfax | Annapolis Junction | MD | Dec | 420 | 209 | (42) | 5 | 16 | 24 | 1 | 66 |
International Flavors & Fragances | New York | NY | Dec | 415 | 354 | 254 | 267 | 164 | 196 | 230 | 247 |
FMC Corp | Philadelphia | PA | Dec | 412 | 467 | 463 | 414 | 219 | 257 | 347 | 166 |
AGCO Corp | Duluth | GA | Dec | 404 | 592 | 516 | 585 | 220 | 135 | 386 | 233 |
Varian Medical Systems | Palo Alto | CA | Sep | 404 | 438 | 427 | 409 | 367 | 331 | 295 | 243 |
First Solar | Tempe | AZ | Dec | 397 | 353 | (96) | (39) | 664 | 640 | 348 | 158 |
Microchip Technology | Chandler | AZ | May | 395 | 127 | 337 | 429 | 217 | 246 | 297 | 357 |
Packaging Corp America | Lake Forest | IL | Dec | 393 | 441 | 160 | 158 | 205 | 266 | 136 | 170 |
SPX Corp | Charlotte | NC | Dec | 380 | 201 | (165) | 185 | 192 | 49 | 259 | 290 |
Reliance Steel & Aluminum | Los Angeles | CA | Dec | 376 | 325 | 408 | 349 | 194 | 149 | 484 | 408 |
Teredata | Dayton | OH | Dec | 367 | 377 | 419 | 353 | 301 | 254 | 250 | 200 |
Flextronics | San Jose | CA | Mar | 366 | 303 | 521 | 596 | 19 | (6,136) | (681) | 282 |
Ingredion | Westchester | IL | Dec | 363 | 403 | 434 | 423 | 176 | 47 | 275 | 203 |
SpiritAeroSystems | Wichita | KS | Dec | 359 | (621) | 35 | 192 | 219 | 192 | 265 | 297 |
Energizer Holdings | St. Louis | MO | Sep | 356 | 407 | 409 | 261 | 403 | 298 | 329 | 321 |
Maxim Integrated Products | San Jose | CA | Jun | 355 | 452 | 355 | 489 | 125 | 10 | 318 | 286 |
Huntsman | Salt Lake City | UT | Dec | 353 | 154 | 378 | 251 | (9) | 125 | 512 | 61 |
Airgas | Radnor | PA | Mar | 351 | 341 | 313 | 250 | 196 | 261 | 227 | 157 |
Westinghouse Air Brake Technologies | Wilmerding | PA | Dec | 351 | 292 | 252 | 170 | 123 | 115 | 131 | 109 |
Valspar | Minneapolis | MN | Oct | 345 | 289 | 292 | (139) | 222 | 160 | 151 | 172 |
Resmed | San Diego | CA | Jun | 345 | 307 | 255 | 227 | 190 | 146 | 110 | 66 |
Dana Holding | Maumee | OH | Dec | 343 | 261 | 315 | 232 | 15 | (435) | (959) | (423) |
Mettler-Toledo Intl | Columbus | OH | Dec | 338 | 306 | 291 | 269 | 232 | 173 | 203 | 179 |
Xylem | Rye Brook | NY | Dec | 337 | 228 | 297 | 279 | 329 | 263 | 224 | 219 |
Joy Global | Milwaukee | WI | Oct | 331 | 534 | 767 | 631 | 461 | 455 | 373 | 280 |
Hubbell | Shelton | CT | Dec | 327 | 330 | 302 | 270 | 219 | 181 | 223 | 208 |
Dentsply Intl | York | PA | Mar | 323 | 318 | 318 | 247 | 267 | 274 | 283 | 260 |
Pitney Bowes | Stamford | CT | Dec | 318 | 306 | 397 | 370 | 329 | 453 | 468 | 380 |
Marvell Technology | Santa Clara | CA | Jan | 315 | 307 | 615 | 904 | 353 | 147 | (114) | (12) |
F5 Networks | Seattle | WA | Sep | 311 | 277 | 275 | 241 | 151 | 92 | 74 | 77 |
Oshkosh | Oshkosh | WI | Sep | 309 | 316 | 246 | 273 | 793 | (1,167) | 287 | 285 |
RPM International | Medina | OH | May | 306 | 110 | 234 | 203 | 181 | 120 | 44 | 208 |
WABCO Holdings | Piscataway | NJ | Dec | 301 | 662 | 313 | 368 | (214) | 24 | 216 | 128 |
Gentex | Zeeland | MI | Dec | 289 | 223 | 169 | 165 | 138 | 65 | 62 | 122 |
Sensata Technologies | Attleboro | MA | Dec | 284 | 188 | 177 | 6 | 130 | (27) | (114) | (234) |
MeadWestvaco | Richmond | VA | Dec | 280 | 319 | 156 | 262 | 266 | 240 | 80 | 266 |
IDEX Corp | Lake Forest | IL | Dec | 279 | 255 | 38 | 194 | 157 | 113 | 127 | 154 |
WR Grace | Columbia | MD | Dec | 277 | 258 | 41 | 269 | 207 | 81 | 137 | 113 |
Cooper Companies | Pleasanton | CA | Oct | 272 | 297 | 249 | 175 | 113 | 101 | 64 | (13) |
Tenneco | Lake Forest | IL | Dec | 270 | 222 | 304 | 183 | 63 | (54) | (405) | 5 |
Donaldson | Minneapolis | MN | Jul | 260 | 247 | 264 | 225 | 166 | 132 | 172 | 151 |
Sealed Air | Elmwood Park | NJ | Dec | 258 | 95 | (1,619) | 149 | 256 | 244 | 180 | 353 |
Lincoln Electric | Cleveland | OH | Dec | 254 | 292 | 257 | 217 | 132 | 49 | 212 | 203 |
Carlisle | Charlotte | NC | Dec | 252 | 235 | 229 | 182 | 131 | 155 | 92 | 202 |
Avery Dennison | Glendale | CA | Dec | 251 | 244 | 158 | 154 | 242 | (835) | 153 | 172 |
Internation Game Technology | Las Vegas | NV | Sep | 248 | 273 | 250 | 292 | 220 | 149 | 342 | 508 |
Nordson | Westlake | OH | Oct | 247 | 222 | 225 | 222 | 168 | (160) | 118 | 91 |
Jarden Corp | Boca Raton | FL | Dec | 243 | 204 | 244 | 205 | 107 | 129 | (59) | 28 |
Sonoco Products | Hartsville | SC | Dec | 240 | 220 | 196 | 218 | 201 | 155 | 157 | 212 |
Bemis | Neenah | WI | Dec | 239 | 193 | 149 | 187 | 210 | 153 | 172 | 185 |
Brocade Communication Syst | San Jose | CA | Oct | 238 | 209 | 195 | 51 | 117 | (83) | 166 | 66 |
Commscope | Hickory | NC | Dec | 237 | 19 | 5 | (392) | 44 | 78 | (229) | |
Harmon Intl | Stamford | CT | Jun | 235 | 142 | 330 | 136 | 40 | (422) | 96 | 313 |
NewMarket Corp | Richmond | VA | Dec | 233 | 242 | 237 | 207 | 177 | 162 | 73 | 79 |
Albemarle | Baton Rouge | LA | Dec | 230 | 436 | 326 | 464 | 337 | 190 | 213 | 247 |
Allison Transmission | Indianapolis | IN | Dec | 229 | 165 | 514 | 103 | 30 | (324) | (328) | 42 |
Owens Corning | Toledo | OH | Dec | 228 | 205 | (16) | 281 | 940 | 67 | (811) | 29 |
Graco | Minneapolis | MN | Dec | 226 | 211 | 149 | 142 | 103 | 49 | 121 | 153 |
Leggett & Platt | Carthage | MO | Dec | 225 | 186 | 232 | 156 | 184 | 121 | 128 | 65 |
Teledyne Technologies | Thousand Oaks | CA | Dec | 216 | 185 | 163 | 142 | 120 | 116 | 117 | 86 |
Spectrum Brands | Middleton | WI | Dec | 215 | (55) | 49 | (75) | (187) | (113) | (905) | (507) |
Plum Creek Timber | Seattle | WA | Dec | 214 | 214 | 236 | 193 | 213 | 236 | 233 | 280 |
Trimble Navigation | Sunnyvale | CA | Dec | 214 | 218 | 190 | 149 | 104 | 64 | 141 | 117 |
Tupperware Brands | Orlando | FL | Dec | 214 | 274 | 193 | 218 | 226 | 175 | 161 | 117 |
Dolby Laboratories | San Francisco | CA | Sep | 209 | 190 | 265 | 311 | 283 | 244 | 201 | 244 |
Hexcel | Stamford | CT | Dec | 209 | 188 | 164 | 136 | 77 | 56 | 111 | 63 |
AO Smith | Milwaukee | WI | Dec | 208 | 170 | 163 | 111 | 57 | 61 | 47 | 63 |
Lennox International | Richardson | TX | Dec | 208 | 180 | 135 | 88 | 117 | 62 | 124 | 166 |
Deluxe | Shoreview | OH | Dec | 200 | 187 | 170 | 145 | 153 | 99 | 106 | 145 |
FLIR System | Wilsonville | OR | Dec | 200 | 177 | 225 | 223 | 248 | 230 | 201 | 134 |
IPG Photonics | Oxford | MA | Dec | 200 | 156 | 148 | 121 | 54 | 5 | 38 | 32 |
Brunswick | Lake Forest | IL | Dec | 195 | 757 | 125 | 72 | (111) | (586) | (788) | 80 |
Crane | Stamford | CT | Dec | 194 | 221 | 196 | 27 | 154 | 134 | 135 | (62) |
Middleby Corp | Elgin | IL | Dec | 193 | 154 | 121 | 95 | 73 | 61 | 64 | 53 |
AptarGroup | Crystal Lake | IL | Dec | 192 | 172 | 162 | 184 | 174 | 125 | 154 | 139 |
ON Semiconductor | Phoenix | AZ | Dec | 192 | 154 | (93) | 15 | 293 | 63 | (429) | 205 |
ITT | White Plains | NY | Dec | 191 | 490 | 110 | (578) | (132) | (111) | 32 | 61 |
Teleflex | Wayne | PA | Dec | 191 | 152 | (182) | 122 | 90 | 127 | 61 | (75) |
NCR | Duluth | GA | Dec | 185 | 456 | 475 | 49 | 119 | 65 | 230 | 171 |
SunPower Corp | San Jose | CA | Dec | 183 | 34 | (352) | (604) | 167 | 33 | (124) | 28 |
MICROS Systems | Columbia | MD | Jun | 182 | 172 | 167 | 145 | 115 | 98 | 102 | 81 |
Silgan Holdings | Stamford | CT | Dec | 182 | 185 | 151 | 193 | 145 | 159 | 125 | 127 |
THOR Industries | Elkhart | IN | Jul | 176 | 152 | 111 | 106 | 110 | 17 | 93 | 135 |
Acuity Brands | Atlanta | GA | Aug | 175 | 127 | 116 | 106 | 80 | 85 | 149 | 129 |
Generac Holdings | Waukesha | WI | Dec | 175 | 175 | 93 | 325 | 57 | 43 | (556) | (10) |
The Toro Company | Bloomington | MN | Oct | 174 | 155 | 130 | 118 | 93 | 63 | 120 | 142 |
KapStone Paper & Packaging | Northbrook | IL | Dec | 172 | 127 | 63 | 124 | 65 | 80 | 20 | 27 |
Curtiss Wright | Charlotte | NC | Dec | 170 | 138 | 104 | 130 | 107 | 95 | 109 | 104 |
Esterline Technologies | Bellevue | WA | Oct | 167 | 173 | 114 | 134 | 130 | 106 | 112 | 86 |
Woodward | Fort Collins | CO | Sep | 166 | 146 | 142 | 132 | 111 | 94 | 122 | 98 |
Scotts Miracle-Gro | Marysville | OH | Sep | 165 | 159 | 112 | 122 | 201 | 133 | 32 | 130 |
PerkinElmer | Waltham | MA | Dec | 162 | 174 | 71 | 1 | 139 | 73 | 45 | 102 |
Cadence Design Systems | San Jose | CA | Dec | 159 | 164 | 440 | 72 | 127 | (150) | (1,857) | 287 |
Martin Marietta Materials | Raleigh | NC | Dec | 154 | 120 | 87 | 80 | 99 | 85 | 173 | 255 |
Timken | Canton | OH | Dec | 149 | 176 | 332 | 457 | 270 | (66) | 283 | 211 |
B/E Aerospace & KXL | Wellington | FL | Dec | 146 | 366 | 234 | 228 | 143 | 142 | (99) | 147 |
Clarcor | Franklin | TN | Nov | 144 | 118 | 123 | 124 | 96 | 72 | 96 | 91 |
Cytec Industries | West Patterson | NJ | Dec | 144 | 172 | 76 | 168 | 145 | (11) | (205) | 207 |
Heico Corp | Hollywood | FL | Oct | 139 | 125 | 107 | 95 | 72 | 60 | 67 | 55 |
Visteon | Van Buren Township | MI | Dec | 137 | 785 | 229 | 154 | 168 | 184 | (647) | (305) |
Steris | Mentor | OH | Mar | 129 | 160 | 136 | 51 | 128 | 111 | 77 | 81 |
National Instruments | Austin | TX | Dec | 126 | 81 | 90 | 94 | 109 | 17 | 85 | 107 |
Owens-Illinois | Perrysburg | OH | Dec | 126 | 215 | 220 | (481) | 295 | 132 | 225 | 296 |
Cree | Durham | NC | Jun | 124 | 87 | 44 | 147 | 152 | 31 | 32 | 50 |
Dresser-Rand Group | Houston | TX | Dec | 124 | 169 | 183 | 120 | 147 | 211 | 198 | 107 |
Eagle Materials | Dallas | TX | Mar | 124 | 58 | 19 | 14 | 29 | 42 | 98 | 203 |
Cognex | Natick | MA | Dec | 121 | 74 | 68 | 70 | 61 | (5) | 30 | 28 |
Tempur Sealy | Lexington | KY | Dec | 110 | 79 | 107 | 220 | 157 | 85 | 59 | 141 |
FEI Company | Hillsboro | OR | Dec | 105 | 127 | 115 | 104 | 54 | 23 | 18 | 46 |
Armstrong World Industries | Lancaster | PA | Dec | 102 | 127 | 159 | 112 | 11 | 78 | 80 | 153 |
US Steel | Pittsburgh | PA | Dec | 102 | (1,645) | (125) | (53) | (482) | (1,406) | 2,154 | 890 |
Bally Technologies | Las Vegas | NV | Jun | 100 | 140 | 101 | 98 | 110 | 120 | 100 | 15 |
Steel Dynamics | Fort Wayne | IN | Dec | 92 | 164 | 142 | 266 | 130 | (11) | 455 | 394 |
Graphic Packaging Holding | Atlanta | GA | Dec | 89 | 147 | 120 | 275 | 11 | 56 | (99) | (49) |
Sensient Technologies | Milwaukee | WI | Dec | 82 | 114 | 125 | 120 | 107 | 87 | 91 | 78 |
Teradyne | North Reading | MA | Dec | 81 | 165 | 217 | 348 | 375 | (135) | (401) | 75 |
PolyOne | Avon Lake | OH | Dec | 77 | 93 | 53 | 173 | 163 | 107 | (417) | 41 |
Biomet | Warsaw | IN | May | 76 | (623) | (459) | (849) | (48) | (749) | (1,019) | 336 |
Belden | St. Louis | MO | Dec | 74 | 105 | 43 | 115 | 69 | (7) | (317) | 136 |
Ashland | Covington | KY | Sep | 72 | 553 | 14 | 56 | 88 | (240) | 87 | 257 |
Riverbed Technology | San Francisco | CA | Dec | 71 | (12) | 55 | 64 | 34 | 7 | 11 | 15 |
Berry Plastics Group | Evansville | IN | Sep | 63 | 57 | 2 | (299) | (113) | 148 | (138) | (128) |
Bruker | Billerica | MA | Dec | 60 | 82 | 78 | 94 | 97 | 81 | 65 | 99 |
USG Corp | Chicago | IL | Dec | 39 | 48 | (182) | (390) | (405) | (787) | (463) | 77 |
Regal-Beloit | Beloit | WI | Dec | 36 | 126 | 200 | 158 | 155 | 99 | 129 | 118 |
Atmel | San Jose | CA | Dec | 35 | (22) | 30 | 315 | 423 | (109) | (27) | 48 |
Babcock & Wilcox | Charlotte | NC | Dec | 21 | 333 | 218 | 162 | 154 | 148 | 324 | 215 |
Hologic | Bedford | MA | Sep | 17 | (1,173) | (74) | 157 | (63) | (2,217) | (416) | 95 |
RF Micro Devices | Greensboro | NC | Mar | 13 | (53) | 1 | 125 | 71 | (888) | (3) | 83 |
3D Systems Corp | Rock Hill | SC | Dec | 12 | 44 | 39 | 35 | 20 | 1 | (6) | (7) |
Allegheny Technologies | Pittsburgh | PA | Dec | 10 | (91) | 160 | 223 | 79 | 38 | 574 | 754 |
Jabil Circuit | St Petersburg | FL | Aug | (2) | 319 | 334 | 383 | 171 | (1,166) | 132 | 73 |
VeriFone Systems | San Jose | CA | Oct | (36) | (295) | 66 | 282 | 99 | (157) | (411) | (37) |
Cepheid | Sunnyvale | CA | Dec | (50) | (18) | (20) | 3 | (6) | (23) | (22) | (22) |
Juniper Networks | Sunnyvale | CA | Dec | (334) | 440 | 187 | 425 | 619 | 115 | 512 | 361 |
SunEdison | St Peters | MO | Dec | (1,272) | (614) | (149) | (1,520) | 48 | (70) | 390 | 830 |
Total all 149 | 36,073 | 31,031 | 27,458 | 24,272 | 22,443 | (4,330) | 8,792 | 23,177 | |||
Two Year Audited Earnings | |||||||||||
…2014 and 2013 | 67,104 | ||||||||||
…2009 and 2008 | 4,462 | ||||||||||
…..% Increase | 1,404% |