Wednesday, November 2, 2016

Southeast Florida Companies Superb Earnings Growth Continues in the First Half of 2016 ..... First Half 2016 US GAAP Total Earnings Were $5.744 Bil, Up 29% From the First Half 2015 US GAAP Total Earnings of $4.457 Bil ..... There's Something Special Going On in Southeast Florida on the Earnings Front All Throughout the Obama Administration

Since President Obama is traveling tomorrow Thursday, November 3, 2016 to the Miami, FL area at the excellent Florida International University, I think it might be helpful to research how Southeast Florida Headquartered Companies have performed on the earnings front in the First Half of 2016.

These Southeast Florida Companies have performed spectacularly all throughout the Obama Administration, including 30% Total Earnings Growth in Annual 2015 over Annual 2014.

So what happened in the most recent First Half of 2016?  This superb Earnings Growth continued unabated.

The 57 Southeast Florida Companies with Market Caps above $100 mil and which filed First Half 2016 financial information with the SEC generated Total US GAAP Earnings From Continuing Operations of $5.744 Bil in the First Half of 2016, an increase of another very robust 29% over that in the First Half of 2015.

With financial statement information filed with the SEC, below here are the First Half 2016 and First Half 2015 US GAAP Earnings From Continuing Operations of each of these 57 Southeast Florida Companies:




 First   First 




 Calendar   Calendar 



 6 Months   6 Months 



Most 2016 2015



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



 $ mils  $ mils
Southeast Florida





Carnival Corp Miami FL Nov15      2,029      1,438
Lennar Corp Miami FL Nov15         457         410
Restaurant Brands Intl Miami FL Dec15         416         144
Affiliated Managers Group West Palm Beach FL Dec15         357         411
Royal Caribbean Cruises Miami FL Dec15         329         230
Office Depot Boca Raton FL Dec15         256         (13)
Norwegian Cruise Lines Miami FL Dec15         218         137
AutoNation Fort Lauderdale FL Dec15         208         227
Interval Leisure Group Miami FL Dec15         207           43
Citrix Systems Ft Lauderdale FL Dec15         204         132
Fresh Del Monte Produce Coral Gables FL Dec15         179         110
B/E Aerospace Wellington FL Dec15         167         157
MEDNAX Sunrise FL Dec15         150         153
Spirit Airlines Inc Miramar FL Dec15         135         146
Ryder System Miami FL Dec15         130         139
Watsco Inc Coconut Grove FL Dec15         116         116
BankUnited Miami Lakes FL Dec15         112           93
Heico Corp Hollywood FL Oct15           91           78
SBA Communications Boca Raton FL Dec15           86         (51)
Dycom Industries Palm Beach Gardens FL Jul16           82           54
World Fuel Services Miami FL Dec15           81           78
Universal Insurance Holdings Fort Lauderdale FL Dec15           59           47
GEO Group Boca Raton FL Dec15           55           57
Vector Group Ltd Miami FL Dec15           49           41
National Beverage Corp Ft Lauderdale FL Apr16           47           29
FCB Financial Holdings Weston FL Dec15           46             3
Equity One Inc North Miami Beach FL Dec15           43           40
Capital Bank Financial Corp Coral Gables FL Dec15           27           24
MasTec Coral Gables FL Dec15           22         (10)
Patriot National Fort Lauderdale FL Dec15           18           (4)
KLX Inc Wellington FL Jan16           16           25
Nextera Energy Partners LP Juno Beach FL Dec15           16           52
Chatham Lodging Trust West Palm Beach FL Dec15           16           14
WhiteHorse Finance Miami FL Dec15           14           11
Stonegate Bank Pompano Beach FL Dec15           13           11
Petmed Express Inc Pompano Beach FL Mar16           12           11
Perry Ellis Intl Inc Miami FL Jan16           11             8
Federated National Holding Co Sunrise FL Dec15           11           21
BFC Financial Corp Fort Lauderdale FL Dec15           10           96
Neff Corp Miami FL Dec15           10           18
Hackett Group Inc Miami FL Dec15           10             7
Hemisphere Media Group Inc Coral Gables FL Dec15             8             6
NV5 Global Hollywood FL Dec15             5             3
Ultimate Software Group Weston FL Dec15             4             8
Consolidated Water Co Ltd Fort Lauderdale FL Dec15             4             4
Opko Health Miami FL Dec15             4       (161)
Cross Country Healthcare Inc Boca Raton FL Dec15             2             6
BBX Capital Corp Fort Lauderdale FL Dec15           (2)             7
Zero Gravity Solutions Boca Raton FL Dec15           (5)           (2)
Cogint Boca Raton FL Dec15         (14)           (6)
Ladenburg Thalmann Financial Services Miami FL Dec15         (15)           (6)
TherapeuticsMD Inc Boca Raton FL Dec15         (42)         (48)
Elizabeth Arden Inc Pembroke Pines FL Jun16         (51)       (143)
Seacor Holdings Inc Fort Lauderdale FL Dec15         (71)         (26)
Platform Specialty Products West Palm Beach FL Dec15       (142)         (35)
Ocwen Financial Corp West Palm Beach FL Dec15       (198)           44
ARMOUR Residential REIT Inc Vero Beach FL Dec15       (258)           73







Total all 57 Southeast Florida Cos


     5,744      4,457 29%