Monday, June 8, 2015

Minnesota Smaller Companies 2014 and 2013 Two Year Audited Earnings Up 10 Times Over 2009 and 2008 ..... Driven In Part By President Obama, Minnesota Democratic US Senators Al Franken and Amy Klobuchar, Minnesota Democrats in the US House, Governor Mark Dayton and the US Fed

From a very thorough review of SEC filings, I found 37 Companies headquartered in the highly entrepreneurial State of Minnesota with Stock Market Capitalizations now of more than $1 bil and with 2014 Audited Financial Statements filed with the SEC.

Fourteen of these 37 Companies have Stock Market Capitalizations now of more than $12 bil.  Of these 14, three of them have Market Caps of at least $100 bil.

There are 23 Somewhat Smaller Minnesota Companies with Stock Market Capitalizations now of between $1 bil and $10 bil.

So just how have the 23 Somewhat Smaller Minnesota 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 23 Somewhat Smaller Minnesota Companies for the 2 years 2014 and 2013 Combined was $6.312 bil, an increase of an exceptional 1,019% over the $0.564 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 Minnesota Companies now than they were during their 2008/2009 financial meltdown fiscal years, the answer is more than 10 times better, or $5.7 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 Minnesota Somewhat Smaller Companies and among others, President Obama, Minnesota Governor Mark Dayton, Minnesota US Senators Al Franken and Amy Klobuchar, Minnesota Democratic US House Members Keith Ellison, Tim Walz, Betty McCollum, Colin Peterson and Rick Nolan, and the US Fed have all undoubtedly helped here.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 23 Somewhat Smaller Minnesota 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)
Minnesota Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s mil $s
Smaller Companies








Polaris Industries Medina Dec          454          381          312          228          147          101          117
CH Robinson Worldwide Eden Prairie Dec          450          416          594          432          387          361          359
Valspar Minneapolis Oct          345          289          292        (139)          222          160          151
Donaldson Co Minneapolis Jul          260          247          264          225          166          132          172
Graco Minneapolis Dec          226          211          149          142          103             49          121
Patterson St Paul Apr 15          223          201          210          213          225          212          200
Deluxe Corp Shoreview Dec          200          187          170          145          153             99          106
TCF Financial Wayzata Dec          181          159        (207)          114          154             94          113
Toro Bloomington Oct          174          155          130          118             93             63          120
SUPERVALU Eden Prairie Feb 15          127             13        (253)          (97)        (193)             50    (2,855)
Life Time Fitness Chanhassen Dec          114          121          111             93             81             72             72
Bio-Techne Minneapolis Jun          111          113          112          112          109          105          104
Buffalo Wild Wings Minneapolis Dec             94             72             57             50             38             31             24
Select Comfort Minneapolis Dec             68             60             78             60             32             36          (70)
G&K Services Inc Minnetonka Jun             56             51             24             33             29          (73)             46
OneBeacon Group Ltd Minnetonka Dec             55          147             98          105          150          367        (337)
Apogee Enterprises Minneapolis Feb 15             51             28             19               5          (14)             31             51
Tennant Co Minneapolis Dec             51             40             42             33             35          (26)             11
HB Fuller St Paul Nov             50             96             68             89             71             84             19
Proto Labs Maple Plain Dec             42             35             24             18             11               4               7
MTS Systems Eden Prairie Sep             42             58             52             51             19             17             47
SPS Commerce Minneapolis Dec               3               1               1             14               3               1             (2)
Stratasys Ltd Eden Prairie Dec        (119)          (27)               9             21               9               4             14










Total all 23 with Market Cap Between $1 bil and $10 bil       3,258       3,054       2,356       2,065       2,030       1,974    (1,410)










Two Year Total Earnings:








….. 2014 and 2013

      6,312





….. 2009 and 2008

         564





………. % Increase

1,019%






On the job front, the US Bureau of Labor reported that the unemployment rate for the State of Minnesota has dropped precipitously from 8.3% in March 2010 to an almost unbelievably low 3.5% in the most recently reported April 2015.

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