Thursday, November 3, 2016

Cincinnati, Ohio Area Companies First Half of 2016 US GAAP Total Earnings Up a Robust 22% From That in the First Half of 2015

Since US Senator Bernie Sanders is campaigning today November 3, 2016 in Cincinnati, Ohio at the excellent University of Cincinnati, I think it might be helpful to research how the Cincinnati Area Headquartered Companies have performed on the earnings front in the First Half of 2016, President Obama's last year in office.

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 23 Companies headquartered in the Cincinnati Area, 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 23 Cincinnati, Ohio Area 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  % 
Ohio Company HQs HQs FYE (Loss) (Loss)  Increase 

 $ mils  $ mils
Cincinnati Area

Procter & Gamble Cincinnati OH Jun16      4,345      2,897
Kroger Cincinnati OH Jan16      1,073      1,057
Fifth Third Bancorp Cincinnati OH Dec15         656         670
Cincinnati Financial Fairfield OH Dec15         311         304
Cintas Corp Cincinnati OH May16         256         207
American Financial Group Cincinnati OH Dec15         167         174
Vantiv Symmes Township OH Dec15         131           80
Macy's Cincinnati OH Jan16         124         410
Cincinnati Bell Inc Cincinnati OH Dec15           85         181
AdvancePierre Foods Holdings Blue Ash OH Dec15           81           13
Convergys Corp Cincinnati OH Dec15           78           68
Chemed Corp Cincinnati OH Dec15           50           52
First Financial Bancorp Cincinnati OH Dec15           42           37
Multi-Color Corp Batavia OH Mar16           24           25
Milacron Holdings Corp Cincinnati OH Dec15           23         (43)
Meridian Bioscience Inc Cincinnati OH Sep15           18           19
E.W. Scripps Cincinnati OH Dec15           16         (21)
Medpace Holdings Cincinnati OH Dec15             8             0
CECO Environmental Corp Cincinnati OH Dec15             7             2
LCNB Corp Lebanon OH Dec15             6             6
LSI Industries Inc Cincinnati OH Jun16             2             2
Workhorse Group Loveland OH Dec15           (7)           (4)
AtriCure Inc Mason OH Dec15         (18)         (10)

Total all 23

     7,478      6,126 22%