Friday, May 29, 2015

15 Wisconsin Company IPOs Since 2009 Total 2014 Audited Earnings Up 313% Over 2013 ..... Shows Paul Ryan is Right on TPA

There have been 15 Initial Public Offerings since 2009 related to Companies headquartered in the State of Wisconsin.

These 15 Wisconsin IPOs generated Total Audited Earnings in their 2014 most recent fiscal years of $640 mil, which was an off-the-charts 313% increase over the comparable Total Audited Earnings of $155 mil in 2013.

How big of a deal are these 15 Wisconsin IPOs since 2009?  Well, really big.

These 15 IPOs, all with current stock market caps above $100 mil, have a Total Current Stock Market Capitalization of $20.5 bil. 

More to the point, there are 38 Companies headquartered in Wisconsin which had their common stocks trading from the end of 2008 to the current date with current stock market caps above $100 mil.

So these 15 IPOs since 2009 added another 39% to this stack of 38 Wisconsin Companies.

The last thing Wisconsin wants is to see any curtailment in their IPOs.  This is the downside risk if Trade Promotion Authority (TPA) doesn't pass.  Countries like China would be able to set the international trade rules.  Paul Ryan is precisely right here.

But it's not just Wisconsin.  It's all US States, especially ones with a much larger number of IPOs since 2009 like California, Massachusetts, New York, Texas, Illinois and so many more.

Below here are the Audited Earnings from continuing operations for the two most recent fiscal years for each of these 15 Wisconsin Company IPOs since 2009:

2014 2013

Most Audited Audited

Recent Net Net

City 2014 Income Income

HQs FYE (Loss) (Loss)
Wisconsin IPOs Since 2009

mil $s mil $s

Artisan Partners Asset Management  Milwaukee Dec           239         (234)
Spectrum Brands Holdings Middleton Sep           215           (55)
Generac Holdings  Waukesha Dec           175           175
Rexnord   Milwaukee Mar 15              92              25
Lands' End Dodgeville Jan 15              74              79
Roadrunner Transportation Services Cudahy Dec              52              49
Douglas Dynamics  Milwaukee Dec              40              12
Quad/Graphics Sussex Dec              18              31
Anchor BanCorp Wisconsin Madison Dec              15              78
Nicolet Bankshares Green Bay Dec              10              16
County Bancorp Manitowoc Dec                8                7
Physicians Realty Trust  Milwaukee Dec              (4)              (3)
Connecture Brookfield Dec           (10)           (26)
Cellular Dynamics International  Madison Dec           (31)           (25)
Roundys Inc Milwaukee Dec         (253)              26

Total all 15

          640           155

Total Earnings Increase 2014 Over 2013 313%