Wuerth While Wily Wakenings: All 21 Publicly-Held Indiana Non-Financial Companies Which Have Reported Their 1Q 2016 Earnings Had Their Total 1Q 2016 US GAAP Earnings Drop Precipitously By 30% From the 1Q 2015 ..... This 30% 1Q 2016 Earnings Decline is Particularly Troubling Because It is On Top of Back-to-Back Total Annual Earnings Declines of 20% in 2014 Below 2013 and of another 21% in 2015 Below 2014 ..... The Republican and Democratic Political Establishments Continued To Not Even Come Close To Creating a Favorable Economic Environment Which Would Have Permitted These Non-Financial Indiana Companies, Their Employees and Their Families To Thrive Economically in the First Quarter 2016

Sunday, May 1, 2016

All 21 Publicly-Held Indiana Non-Financial Companies Which Have Reported Their 1Q 2016 Earnings Had Their Total 1Q 2016 US GAAP Earnings Drop Precipitously By 30% From the 1Q 2015 ..... This 30% 1Q 2016 Earnings Decline is Particularly Troubling Because It is On Top of Back-to-Back Total Annual Earnings Declines of 20% in 2014 Below 2013 and of another 21% in 2015 Below 2014 ..... The Republican and Democratic Political Establishments Continued To Not Even Come Close To Creating a Favorable Economic Environment Which Would Have Permitted These Non-Financial Indiana Companies, Their Employees and Their Families To Thrive Economically in the First Quarter 2016

From US Company SEC filings, below here are the reported US GAAP Earnings (Losses) From Continuing Operations for the First Quarter 2016 and 2015 Period Ends for each of the 21 Publicly-Held Non-Financial Indiana HQed Companies which have already reported their 1Q 2016 Earnings with the SEC:

				1st Qtr	1st Qtr
			First	2016	2015
			Quarter	Net	Net	Increase	Increase
			2016	Income	Income	(Decrease)	(Decrease)
All Publicly-Held Non-Financial Indiana Companies	City	State	Month	(Loss)	(Loss)	Amount	%
Which Have Already Reported Their 1Q 2016 Earnings	HQs	HQs	End	$ mils	$ mils	$ mils

Indianapolis Area Companies
Eli Lilly	Indianapolis	IN	Mar 16	440.1	529.5	(89.4)	-17%
Allison Transmission Holdings	Indianapolis	IN	Mar 16	48.3	68.4	(20.1)	-29%
Allegion PLC	Carmel	IN	Mar 16	58.8	43.9	14.9	34%
Celadon Group Inc	Indianapolis	IN	Mar 16	5.2	8.6	(3.4)	-40%
ITT Educational Services	Carmel	IN	Mar 16	4.1	10.4	(6.3)	-61%
Finish Line Inc	Indianapolis	IN	Feb 16	4.0	40.4	(36.4)	-90%
Hurco Companies Inc	Indianapolis	IN	Jan 16	3.9	3.8	0.1	3%
Angie's List Inc	Indianapolis	IN	Feb 16	(4.0)	4.4	(8.4)	-191%
Calumet Specialty Products Partners LP	Indianapolis	IN	Mar 16	(71.0)	23.8	(94.8)	-398%

Total all 9 Indianapolis Area				489.4	733.2	(243.8)	-33%

Evansville Companies
Mead Johnson Nutrition	Evansville	IN	Mar 16	76.7	207.1	(130.4)	-63%
Shoe Carnival Inc	Evansville	IN	Jan 16	4.2	3.0	1.2	40%
Escalade	Evansville	IN	Mar 16	1.7	3.5	(1.8)	-51%

Total all 3 Evansville				82.6	213.6	(131.0)	-61%

South Bend/Elkhart Area Companies
Thor Industries	Elkhart	IN	Jan 16	45.2	30.3	14.9	49%
Patrick Industries Inc	Elkhart	IN	Mar 16	12.0	9.2	2.8	30%
Supreme Industries	Goshen	IN	Mar 16	3.8	1.9	1.9	100%
Skyline Corp	Elkhart	IN	Feb 16	(0.1)	(2.9)	2.9	-98%

Total all 4 South Bend/Elkhart Area				61.0	38.5	22.5	58%

Fort Wayne Area Companies
Vera Bradley Inc	Roanoke	IN	Jan 16	15.7	17.3	(1.6)	-9%
Steel Dynamics Inc	Fort Wayne	IN	Mar 16	61.3	27.0	34.3	127%

Total all 2 Fort Wayne Area				77.0	44.3	32.7	74%

Smaller Indiana City Companies
Zimmer Biomet Holdings	Warsaw	IN	Mar 16	105.8	171.1	(65.3)	-38%
Wabash National Corp	Lafayette	IN	Mar 16	27.5	10.5	17.0	162%
Hill-Rom Holdings Inc	Batesville	IN	Mar 16	22.1	26.1	(4.0)	-15%

Total all 3 Smaller Indiana Cities				155.4	207.7	(52.3)	-25%

Grand Total all 21 Indiana Non-Financial Companies				865.4	1,237.3	(372.0)	-30%

The above 1Q 2016 Net Loss for Calumet Specialty Products Partners LP of ($71.0) mil is the Midpoint Estimated 1Q 2016 Losses that the Company filed with the SEC on April 18, 2016.

When the other Companies report their 1Q 2016 Earnings (Losses) with the SEC, I'll update the above numbers.