Saturday, April 30, 2016

Unlike Indianapolis, Fort Wayne, Evansville and the Rest of Indiana, the South Bend/Elkhart Area Experienced an Earnings Renaissance Spurred By The Elkhart Economic Miracle ..... Total Audited Earnings of the 7 Publicly-Held South Bend/Elkhart Area Companies For 2015 Were Up 10% Over 2014, Up 38% Over 2013, Up 69% Over 2012, Up 137% Over 2011, Up 179% Over 2010 and Up 1,129% Over 2009 ..... Whatever the US, State and Local Governments Did to Help the Elkhart Area Should Be Repeated All Over the US ..... Just Saying!

From both the superb Google Finance website and US Company SEC filings, below here are the reported US GAAP Earnings (Losses) From Continuing Operations, Audited By One of the Prestigious Big 4 CPA Firms, for the most recent Annual Fiscal Year End (FYE) 2015 and also for 2009 Through 2014 for each of the 7 Publicly-Held South Bend/Elkhart, Indiana Area HQed Companies:



 Annual   Annual   Annual   Annual   Annual   Annual   Annual 




2015 2014 2013 2012 2011 2010 2009




Net Net Net Net Net Net Net


Most Income Income Income Income Income Income Income
City State Recent (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
HQs HQs FYE  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
South Bend/Elkhart Area Companies









Thor Industries Elkhart IN Jul 15          202          176          152          111            92            91              2
Drew Industries Inc Elkhart IN Dec 15            74            62            50            37            30            28          (24)
1st Source Corp South Bend IN Dec 15            57            58            55            50            48            41            25
Patrick Industries Inc Elkhart IN Dec 15            42            31            24            28              8              1            (5)
Supreme Industries Goshen IN Dec 15            13              8            11            12              3          (10)            (6)
CTS Corp Elkhart IN Dec 15              7            27              2            13            11            18          (15)
Skyline Corp Elkhart IN May 15            (4)            (7)          (11)          (19)          (27)          (29)          (15)











Total all 7 South Bend Area Companies


         391          355          283          232          165          140          (38)











2015 Total Earnings % Increase Over:









……….2014


10%





……….2013


38%





……….2012


69%





……….2011


137%





……….2010


179%





……….2009


1129%






Company Earnings Don't Just Drive Stock Market Prices, But Also Unemployment Rates.  Elkhart County, Indiana had an Unemployment Rate of 20.2% in March 2009.  It hit a low of 3.4% in September 2015 and it is now 4.3% in March 2016.

The 7 Evansville, IN Area Publicly-Held Companies Total Audited Earnings Were Just Crushed in 2015 ..... Total Audited Earnings Were $769 Mil in 2015, Down 50% From $1.541 Bil in 2014 and Down 57% From $1.787 Bil in 2010 ..... The Republican and Democratic Political Establishments Did Not Execute in Creating a Favorable Economic Environment Which Would Have Permitted Evansville Area Companies, Their Employees and Their Families To Thrive Economically in 2015

From both the superb Google Finance website and US Company SEC filings, below here are the reported US GAAP Earnings (Losses) From Continuing Operations, Audited By One of the Prestigious Big 4 CPA Firms, for the most recent Annual Fiscal Year End (FYE) 2015 and also for 2014, 2013 and 2010 for each of the 7 Publicly-Held Evansville, Indiana HQed Companies:




 Annual   Annual   Annual   Annual 




2015 2014 2013 2010




Net Net Net Net


Most Income Income Income Income
City State Recent (Loss) (Loss) (Loss) (Loss)
HQs HQs FYE  $ mils  $ mils  $ mils  $ mils
Evansville Companies






Mead Johnson Nutrition Evansville IN Dec 15          655          729          689          458
Old National Bancorp Evansville IN Dec 15          117          104          101            38
Berry Plastics Group Evansville IN Sep 15            86            63            57        (113)
Shoe Carnival Inc Evansville IN Jan 16            29            26            27            27
Escalade Evansville IN Dec 15            12            13            13              6
Accuride Corporation Evansville IN Dec 15            (8)            (2)          (26)          (83)
OneMain Holdings Inc (Springleaf) Evansville IN Dec 15        (122)          608            94       1,454








Total all 7 Evansville Area Companies


         769       1,541          955       1,787








2015 Total Earnings % Decline From:






……….2014


-50%


……….2013


-19%


……….2010


-57%






The 3 Fort Wayne, IN Area Publicly-Held Companies Total Audited Earnings Were Just Crushed in 2015, Driven Mainly By Steel Dynamics ..... Total Audited Losses Were $43 Mil in 2015 as Compared With Total Audited Earnings of $204 Mil in 2014, $307 Mil in 2013, $298 Mil in 2012 and $392 Mil in 2011 ..... The Republican and Democratic Political Establishments Did Not Execute in Creating a Favorable Economic Environment Which Would Have Permitted Fort Wayne Area Companies, Their Employees and Their Families To Thrive Economically in 2015

From both the superb Google Finance website and US Company SEC filings, below here are the reported US GAAP Earnings (Losses) From Continuing Operations, Audited By One of the Prestigious Big 4 CPA Firms, for the most recent Annual Fiscal Year End (FYE) 2015 and each of earlier Years of 2011-2014 for each of the 3 Publicly-Held Fort Wayne, Indiana HQed Companies:




 Annual   Annual   Annual   Annual   Annual 




2015 2014 2013 2012 2011




Net Net Net Net Net


Most Income Income Income Income Income
City State Recent (Loss) (Loss) (Loss) (Loss) (Loss)
HQs HQs FYE  $ mils  $ mils  $ mils  $ mils  $ mils









Fort Wayne Area Companies







Steel Dynamics Inc Fort Wayne IN Dec 15        (145)            92          164          142          266
Vera Bradley Inc Roanoke IN Jan 16            28            41            60            72            62
Franklin Electric Co Fort Wayne IN Dec 15            74            71            83            84            64









Total all 3 Fort Wayne Area Companies


         (43)          204          307          298          392









2015 Total Earnings Deterioration From:







……….2014


       (247)



……….2013


       (350)



……….2012


       (341)



……….2011


       (435)