Saturday, October 29, 2016

The 20 South Carolina Companies With Market Caps Above $100 Mil Generated Total Audited US GAAP Earnings For the Two Years 2014 and 2015 Combined of $1.473 Bil, Up 415% From the Two Years 2008 and 2009 Combined of $0.286 Bil

The 2016 US Presidential Race is tightening up some.  The State of South Carolina is now considered a Leaning Donald Trump State with only a 7.6% average of recent polls margin by the excellent Real Clear Politics.
 
Thus, I think it might be helpful to research how the South Carolina Headquartered Companies have performed on the earnings front during the Obama Administration.

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 20 Companies headquartered in South Carolina, all with Stock Market Capitalizations now of more than $100 Mil and which also have filed their fiscal year 2015 annual financial statements with the SEC.  Traditional Regulated Utilities were excluded.

Below here are the reported Audited Earnings (Losses) From Continuing Operations of each of these 20 South Carolina Companies for all years reported from 2007 through 2015 where the amounts were presented and in a consistent manner:



2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net
ST 2015 Income Income Income Income Income Income Income Income Income
South Carolina Company City HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils













Sonoco Products Co Hartsville SC Dec15        251        227        211        195        219        202        155        157        212
Domtar Corp Fort Mill SC Dec15        142        431          91        172        365        605        310      (573)          70
AVX Corp Fountain Inn SC Mar16        102        226        127        (64)        153        244        143          81        149
South State Corp Columbia SC Dec15          99          75          49          30          23          52          14          16          22
World Acceptance Corp Greenville SC Mar16          87        111        107        104        101          91          74          56          50
Ingevity  North Charleston  SC Dec15          85        133        118        122




ScanSource Inc Greenville SC Jun16          64          65          82          35          74          74          49          48          56
Denny's Corp Spartanburg SC Dec15          36          33          25          22        112          23          42          13          30
Blackbaud Inc Charleston SC Dec15          26          28          30            7          33          29          28          29          30
Regional Management Corp Greenville SC Dec15          23          15          29          25          21          16          10            6            3
Carolina Financial Corp Charleston SC Dec15          14            8          17          17          (1)        (13)            7

Southern First Bancshares Greenville SC Dec15          10            7            5            4            2            1            1            2            3
Delta Apparel Inc Greenville SC Sep15            8          (1)            9          (2)          17          12            6          (1)            6
First Community Corp Lexington SC Dec15            6            5            4            4            3            2        (25)          (7)            4
Oconee Federal Financial Seneca SC Jun16            5            5            4            4            4            2            3            2            1
HCSB Financial Loris SC Dec15          (0)          (0)            2        (10)        (29)        (17)          (1)            2            2
Royal Energy Resources Charleston SC Aug15          (1)          (1)          (0)          (0)          (0)          (1)          (2)          (0)
Kemet Corp Simpsonville SC Mar16        (54)        (20)        (65)        (79)          (2)          58        (69)      (285)        (25)
Benefitfocus Inc  Charleston  SC Dec15        (62)        (63)        (30)        (15)        (15)          (2)


3D Systems Corp Rock Hill SC Dec15      (664)          12          44          39          35          20            1          (6)          (7)













Total all 20


       177     1,296        859        610     1,115     1,399        746      (460)        606













2 Years 2014-5 Total Earnings


    1,473







2 Years 2008-9 Total Earnings


       286







….. % Increase


415%