Monday, June 8, 2015

Connecticut Smaller Companies 2014 and 2013 Two Year Audited Earnings Up 15 Times Over 2009 and 2008 ..... Driven In Part By President Obama, Connecticut Democratic US Senators Richard Blumenthal and Christopher Murphy, Connecticut Democrats in the US House, Governor Dannel Malloy and the US Fed

From a very thorough review of SEC filings, I found 42 Companies headquartered in the State of Connecticut with Stock Market Capitalizations now of more than $1 bil and with 2014 Audited Financial Statements filed with the SEC.

Eight of these 42 Connecticut Companies have Stock Market Capitalizations now of more than $27 bil.  Of these 8, two of them have Market Caps of more than $100 bil.

There are 34 Somewhat Smaller Connecticut Companies with Stock Market Capitalizations now of between $1 bil and $20 bil.

So just how have the 34 Somewhat Smaller Connecticut Companies done on the earnings front before, during and after the 2008 financial meltdown?  Just incredibly well earnings improvement.

The Total Audited Net Income from Continuing Operations of these 34 Somewhat Smaller Connecticut Companies for the 2 years 2014 and 2013 Combined was $20.890 bil, an increase of an exceptional 1,577% over the $1.246 bil comparable Total Earnings in the 2 years 2009 and 2008 Combined.

So if the question to answer is how much better off are these Somewhat Smaller Connecticut Companies now than they were during their 2008/2009 financial meltdown fiscal years, the answer is more than 15 times better, or $19.6 bil better, as audited earnings under US generally accepted accounting principles (US GAAP) are measured by the very prestigious US accounting profession.

There has been something upwardly explosive happening with the Audited Earnings of Connecticut Somewhat Smaller Companies and among others, President Obama, Connecticut Governor Dannel Malloy, Connecticut US Senators Richard Blumenthal anf Christopher Murphy, Connecticut Democratic US House Members John Larson, Joe Courtney, Rosa DeLauro, Jim Himes and Elizabeth Esty, and the US Fed have all undoubtedly helped here.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 34 Somewhat Smaller Connecticut Companies for all of their fiscal years reported from 2008 through 2014: 


2014 2013 2012 2011 2010 2009 2008


2014 Audited Audited Audited Audited Audited Audited Audited


Most Net Net Net Net Net Net Net


Recent Income Income Income Income Income Income Income


FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Connecticut Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s mil $s
Smaller Companies








Harford Financial Services Group Hartford Dec       1,349       1,225          220          256       1,642        (710)    (2,774)
Xerox Norwalk Dec       1,107       1,159       1,180       1,328          637          516          265
Stanley Black & Decker New Britain Dec          858          519          457          691          202          228          221
Amphenol Wallington Dec          715          639          560          529          502          327          430
WR Berkley Greenwich Dec          650          505          511          395          450          309          281
Starwood Hotels & Resorts Stamford Dec          643          565          470          500          308             (3)          249
United Rentals Greenwich Dec          540          387             75          101          (22)          (60)        (704)
Starwood Property Trust Greenwich Dec          502          330          206          121             59             (3)              -  
Interactive Brokers Group Greenwich Dec          459          418          497          687          277          484       1,115
Hubbell Shelton Dec          327          330          302          270          219          181          223
Pitney Bowes Stamford Dec          318          306          397          370          329          453          468
XL Group plc Stamford Dec          269       1,137          730        (404)          643             75    (2,554)
Genesee & Wyoming Darien Dec          261          272             52          119             79             60             73
Terex Westport Dec          260          204             75             20        (198)        (392)          (75)
People's United Financial Bridgeport Dec          252          232          245          192             83          101          138
Harman Intl Stamford Jun          235          142          330          136             40        (422)             96
FactSet Research Systems Norwalk Aug          212          199          189          171          150          145          125
Hexcel Stamford Dec          209          188          164          136             77             56          111
Webster Financial Waterbury Dec          200          180          174          149             72          (77)        (319)
Crane Stamford Dec          194          221          196             23          153          135          134
Gartner Stamford Dec          184          183          166          137             96             83             97
Silgan Holdings Stamford Dec          182          185          151          193          145          159          125
EMCOR Group Norwalk Dec          178          150          157          125          (82)          154          184
Frontier Communications Stamford Dec          133          115          153          158          156          123          184
SS&C Technologies Windsor Dec          131          118             46             51             32             19             19
Barnes Group Bristol Dec          121             72             80             75             48             36          100
Aircastle Stamford Dec          101             30             33          124             66          102          115
Navigators Group Stamford Dec             95             63             64             26             70             63             52
Kaman Corp Bloomfield Dec             66             59             53             50             35             26             38
RBC Bearings Oxford Mar 15             58             60             56             50             35             24             34
Sturm Ruger Southport Dec             39          111             71             40             28             28               9
World Wrestling Entertainment Stamford Dec          (30)               3             31             25             54             50             45
Achillion Pharmaceuticals New Haven Dec          (69)          (59)          (47)          (44)          (25)          (26)          (28)
IMS Health Holdings Danbury Dec        (189)             82          (42)          111        (202)          208          317










Total all 34 with Market Cap Between $1 bil and $20 bil    10,560    10,330       8,002       6,911       6,158       2,452    (1,206)










2014 Earnings Increase Over 2008








….. Amount

   11,766





….. %

976%















Two Year Total Earnings








….. 2014 and 2013

   20,890





….. 2009 and 2008

      1,246





………. Earnings Increase








……………. Amount

   19,644





……………. %

1,577%






On the job front, the US Bureau of Labor reported that the unemployment rate for the State of Connecticut has dropped from 9.2% in February 2011 to 6.3% in the most recently reported April 2015.

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