Friday, November 4, 2016

All 71 North Carolina Companies With Market Caps Above $100 Mil Generated First Half of 2016 US GAAP Total Earnings of $18.274 Bil, Up 14% From That in the First Half of 2015, and That Was Following Their Annual 2015 Total Audited Earnings Being Up Very Sharply by 71% From That in Annual 2014

Since President Obama is campaigning today November 4, 2016 in the very progressive city of Charlotte, North Carolina, I think it might be helpful to research how the Charlotte Area Headquartered Companies have performed on the earnings front in the First Half of 2016, the last year of 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 71 Companies headquartered in North Carolina, all with Stock Market Capitalizations now of more than $100 Mil, and which also have filed their First Half 2016 financial information with the SEC.  Traditional Regulated Utilities were excluded.

Below here are the reported US GAAP Earnings (Losses) From Continuing Operations of each of these 71 North Carolina Companies for both the First Half of 2016 and the First Half of 2015:




 First   First 



 Half   Half 



Most 2016 2015



Recent Net Net
City ST 2015 Income Income  % 
North Carolina Company HQs HQs FYE (Loss) (Loss)  Increase 



 $ mils  $ mils






Banc of America Charlotte NC Dec15         6,912         8,231
Reynolds American Winston Salem NC Dec15         4,361         2,317
Lowe's Companies Mooresville NC Jan16         2,051         1,799
BB&T Corp Winston Salem NC Dec15         1,157         1,048
Ingersoll-Rand plc Davidson NC Dec15            888            150
VFC Corp Greensboro NC Dec15            405            451
Nucor Corp Charlotte NC Dec15            363            244
Laboratory Corp of America Burlington NC Dec15            359            174
Albemarle Corp Charlotte NC Dec15            314              98
Hanesbrands Winston Salem NC Dec15            208            148
Quintiles IMS Holdings Durham NC Dec15            200            171
Carlisle Companies Inc Charlotte NC Dec15            184            134
Martin Marietta Materials Raleigh NC Dec15            167              88
Sealed Air Charlotte NC Dec15            142            125
Old Dominion Freight Line Thomasville NC Dec15            142            148
Premier Inc Charlotte NC Jun16            122            104
First Citizens BancShares Raleigh NC Dec15            121            112
Red Hat Raleigh NC Feb16            120            100
Tanger Factory Outlet Centers Greensboro NC Dec15            106              62
Extended Stay America Charlotte NC Dec15              76              93
Commscope Holding Company Hickory NC Dec15              75              85
Curtiss-Wright Corp Charlotte NC Dec15              73              83
Alliance One Intl Inc Morrisville NC Mar16              69             (24)
Highwoods Properties Inc Raleigh NC Dec15              62              39
Cato Corp Charlotte NC Jan16              52              47
FairPoint Communications Inc Charlotte NC Dec15              48               (5)
INC Research Holdings Raleigh NC Dec15              48              49
Sonic Automotive Inc Charlotte NC Dec15              38              29
BNC Bancorp High Point NC Dec15              29              20
Ingles Markets Inc Asheville NC Sep15              27              28
Speedway Motorsports Inc Concord NC Dec15              26             (40)
Yadkin Financial Corp Raleigh NC Dec15              25              21
PRA Health Sciences Raleigh NC Dec15              23              30
Insteel Industries Inc Mount Airy NC Sep15              21                8
Triangle Capital Corp Raleigh NC Dec15              19              21
Unifi Inc Greensboro NC Jun16              19              25
SPX Corp Charlotte NC Dec15              18             (53)
Bojangles' Charlotte NC Dec15              18              10
Lendingtree Inc Charlotte NC Dec15              16              12
Ply Gem Holdings Inc Cary NC Dec15              14             (19)
First Bancorp Troy NC Dec15              14              13
Culp Inc High Point NC Apr16                9              10
Coca-Cola Bottling Co Charlotte NC Dec15                8              32
Park Sterling Corp Charlotte NC Dec15                8                8
CommunityOne Bancorp Charlotte NC Dec15                8                5
Investors Title Co Chapel Hill NC Dec15                6                6
Paragon Commercial Raleigh NC Dec15                6                5
Hometrust Bancshares Inc Asheville NC Jun16                6                4
Peoples Bancorp of North Carolina Newton NC Dec15                5                5
Live Oak Bancshares Inc Wilmington NC Dec15                5              12
Capitala Finance Charlotte NC Dec15                3              15
Primo Water Corp Winston-Salem NC Dec15                3                1
ASB Bancorp Asheville NC Dec15                3                1
Entegra Financial Corp Franklin NC Dec15                2              20
Xerium Technologies Inc Youngsville NC Dec15                1                1
Snyder's-Lance Charlotte NC Dec15               (6)              28
Cree Inc Durham NC Jun16             (10)             (88)
ChannelAdvisor Corp Morrisville NC Dec15             (11)             (16)
Argos Therapeutics Inc Durham NC Dec15             (25)             (37)
vTv Therapeutics High Point NC Dec15             (28)             (20)
Novan Durham NC Dec15             (29)             (10)
Qorvo Greensboro NC Mar16             (30)                8
BioDelivery Sciences Intl Inc Raleigh NC Dec15             (35)             (27)
BioCryst Pharmaceuticals Durham NC Dec15             (39)             (10)
EnPro Industries Inc Charlotte NC Dec15             (43)             (39)
Chimerix Inc Durham NC Dec15             (44)             (47)
Aerie Pharmaceutics Research Triangle Park NC Dec15             (46)             (36)
Babcock & Wilcox Enterprises  Charlotte NC Dec15             (53)              15
Cempra Inc Chapel Hill NC Dec15             (54)             (42)
Transenterix Morrisville NC Dec15             (93)             (20)
SPX Flow Inc Charlotte NC Dec15           (384)              71







Total all 71


      18,274       16,030 14%