Wednesday, July 1, 2015

Smaller Wisconsin Companies Audited Earnings On Fire ..... 2014 Audited Earnings Up 24 Times From 2008 ..... 3 Year 2012-14 Audited Earnings Up 43 Times From 2008-10 ..... Much Help From Free and Fair Traders Ron Kind and Paul Ryan

From a very thorough review of SEC filings and the Google Finance Website, I found 54 Companies headquartered in the highly entrepreneurial State of Wisconsin with Stock Market Capitalizations now of more than $100 mil.

Of these 54 Wisconsin Companies, 5 of them have Market Caps now of more than $10 bil.  Most of these 5 names are familiar to many people.  Their Total Audited Earnings in 2014 of $4.846 bil were up a very robust 15% over the comparable $4.220 bil Audited Earnings in 2013, as you can see in the below chart:



2014 2013


Most Audited Audited


Recent Net Net

City 2014 Income Income
Wisconsin Company HQs FYE (Loss) (Loss)


mil $s mil $s



$ $
Johnson Controls Milwaukee Sep       1,553       1,191
Fiserv Brookfield Dec          754          650
Rockwell Automation Milwaukee Sep          827          756
Kohl's Menomonee Falls Jan 15          867          889
Harley-Davidson Milwaukee Dec          845          734





Total all 5

      4,846       4,220





2014 Earnings % Increase Over 2013

15%

There were 49 Wisconsin Companies with Market Caps now between $100 mil and $10 bil.  So just how have they done on the earnings front since the 2008/9 US financial meltdown?  Just completely off-the-charts fantastically well.

These 49 Smaller Wisconsin Companies generated 2014 Audited Earnings From Continuing Operations of $3.916 bil, which was up a staggering 24 Times from 2008.

Further, these 49 Smaller Wisconsin Companies generated Three Year 2012-14 Combined Audited Earnings From Continuing Operations of $9.659 bil, which was up an even more staggering 43 Times from the Three Years 2008-10 Comparable Earnings Combined.

It's pretty clear that the State of Wisconsin's sweet spot, in addition to its University of Wisconsin Badgers Sports Teams, is its so many very fine Smaller Businesses.  Wisconsin US House Members Democrat Ron Kind and Republican Paul Ryan are both strong advocates for Wisconsin's Smaller Businesses, as was former Wisconsin US Senator Russ Feingold, perhaps the smartest, keenest US Senator when he served there.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 49 Smaller Wisconsin Companies for all of their fiscal years reported from 2008 through 2014, presented by Market Cap:



2014 2013 2012 2011 2010 2009 2008


Most Audited Audited Audited Audited Audited Audited Audited


Recent Net Net Net Net Net Net Net

City 2014 Income Income Income Income Income Income Income
Wisconsin Company HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)


mil $s mil $s mil $s mil $s mil $s mil $s mil $s










Snap-on Kenosha Dec          432          360          315          284          193          144          244
ManpowerGroup Milwaukee Dec          428          288          198          252        (264)             (9)          206
AO Smith Milwaukee Dec          208          170          163          111             57             61             47
Spectrum Brands Holdings Middleton Sep          215          (55)             49          (75)        (187)        (113)        (905)
Bemis Neenah Dec          239          193          149          187          210          153          172
MGIC Investment Milwaukee Dec          252          (50)        (927)        (486)        (364)    (1,322)        (525)
Joy Global Milwaukee Oct          331          534          767          631          461          455          373
Artisan Partners Asset Management  Milwaukee Dec          239        (234)             43          130             43             48          183
Oshkosh Corp Oshkosh Sep          309          316          246          273          793    (1,167)          289
Regal Beloit Beloit Dec             36          126          200          158          155             99          129
Sensient Technologies Milwaukee Dec             82          114          125          120          107             87             91
Associated Banc-Corp Green Bay Dec          191          189          179          140             (1)        (132)          168
Generac Holdings  Waukesha Dec          175          175             93          325             57             43        (556)
Manitowoc Manitowoc Dec          161          189          109             22          (75)        (613)          101
Exact Sciences Madison Dec        (100)          (47)          (52)          (29)          (12)             (9)          (10)
Rexnord   Milwaukee Mar 15             92             25             47             30          (51)             88        (429)
CNH Industrial Capital Racine Dec          259          266          214          202          162          116             89
Plexus Neenah Sep             87             82             62             89             90             46             84
Actuant Menomonee Falls Aug          141          148          125          124             70             26          126
Brady Milwaukee Jul          (48)        (138)          103          109             82             70          132
Physicians Realty Trust  Milwaukee Dec             (4)             (3)             (3)             (3)


Roadrunner Transportation Services Cudahy Dec             52             49             38             26               4               0             (3)
Badger Meter Milwaukee Dec             30             25             28             19             29             27             25
Quad/Graphics Sussex Dec             18             31             56             (8)        (245)             53          109
Briggs & Stratton Wauwatosa Jun             28          (34)             29             24             37             32             23
Lands' End Dodgeville Jan 15             74             79             50             76          121          128          135
Journal Communications Milwaukee Dec             39             26             33             22             31               5        (227)
Marten Transport Mondovi Dec             30             30             27             24             20             16             18
National Presto Industries Eau Claire Dec             26             41             39             48             64             63             44
The Marcus Corp Milwaukee May             21             23             23             14             16             17             20
Modine Manufacturing Racine Mar 15             22          132          (23)             38               9          (20)        (104)
Douglas Dynamics  Milwaukee Dec             40             12               6             19               2             10             11
Wausau Paper Mosinee Dec          (18)          (28)             (2)          (22)             37             21          (16)
Waterstone Financial Wauwatosa Dec             13             15             35             (7)             (2)          (10)          (26)
Anchor BanCorp Wisconsin Madison Dec             15             78          (34)          (37)          (41)        (177)        (231)
Bank Mutual Corp Milwaukee Dec             15             11               7          (48)          (73)             14             17
Weyco Group Milwaukee Dec             20             18             20             16             14             13             17
Cellular Dynamics International  Madison Dec          (31)          (25)          (22)          (21)


STRATTEC Security Milwaukee Jun             19             12             12               8               4             (7)               3
Johnson Outdoors Racine Sep               9             19             10             33               7          (10)          (68)
Connecture Brookfield Dec          (10)          (26)          (17)



Twin Disc Inc Racine Jun               4               4             27             19               1             12             24
First Business Financial Services Madison Dec             14             14               9               8               1               1
Roundys Inc Milwaukee Dec        (253)             26          (76)             48             46             47             49
Bank First National Corp Manitowoc Dec             13             12             10               9               7               7               6
Nicolet Bankshares Green Bay Dec             10             16               3               2               1               1               0
Magnetek Menomonee Falls Dec          (26)               4               7               5             (3)               5               7
Baylake Corp Sturgeon Bay Dec               9               8               8               4               1               4          (10)
County Bancorp Manitowoc Dec               8               7               8               6












Total all 49

      3,916       3,227       2,516       2,919       1,614    (1,677)        (168)










2014 Earnings % Increase Over 2008
2,434%





Three Year Combined Earnings:








… 2012-14

      9,659





… 2008-10

       (231)





…… 3 Year Earnings Improvement

   





………. Amount

      9,890





………. %

4,285%






On the job front, from the US Bureau of Labor, the Lacrosse-Onalaska WI-MN Metropolitan Statistical Area had an Unemployment Rate of only 3.9% in the most recently reported May 2015.