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.