Thursday, November 3, 2016

The 24 Charlotte, North Carolina Area Companies With Market Caps Above $100 Mil Generated Total Audited US GAAP Earnings in 2015 of $19.151 Bil, Up an Off-the-Charts 127% From Their Total Earnings in 2014 of $8.453 Bil and Up 639% From Their Total Earnings of $2.590 Bil in 2008, the Year Before President Obama Took Office ..... The Total Earnings For the Three Years 2013-15 Were $34 Billion Higher Than That For the Three Years 2008-10

Since President Obama is campaigning tomorrow 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 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 24 Companies headquartered in the Charlotte Area, 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 24 Charlotte, North Carolina Area 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
City ST 2015 Income Income Income Income Income Income Income Income Income
North Carolina Company HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
Charlotte Area











Banc of America Charlotte NC Dec15   15,888     4,833   11,431     4,188     1,446   (2,238)     6,276     4,008   14,982
Ingersoll-Rand plc Davidson NC Dec15        707        916        641        792        426        783        510   (2,508)        747
Nucor Corp Charlotte NC Dec15        496        816        586        593        861        206      (237)     2,145     1,765
Albemarle Corp Charlotte NC Dec15        360        230        436        326        420        329        190        213        247
Sealed Air Charlotte NC Dec15        335        258          95   (1,619)        139        256        244        180        353
Carlisle Companies Inc Charlotte NC Dec15        320        252        235        229        172        108        155          92        202
Extended Stay America Charlotte NC Dec15        283        151          83          22          47      (146)   (1,398)      (891)    
Premier Inc Charlotte NC Jun16        235        235        333        375        327        312        299        
Curtiss-Wright Corp Charlotte NC Dec15        192        170        139        104        117          83          95        109        104
FairPoint Communications Inc Charlotte NC Dec15          90      (136)      (103)      (153)      (725)      (240)      (188)        (69)          33
Sonic Automotive Inc Charlotte NC Dec15          88          99          85          91          82          99          57      (634)        105
SPX Flow Inc Charlotte NC Dec15          87        136        133        129          60          88            
Cato Corp Charlotte NC Jan16          67          61          54          62          65          59          45          34          32
Coca-Cola Bottling Co Charlotte NC Dec15          65          36          32          31          32          40          40          11          22
Lendingtree Inc Charlotte NC Dec15          51          (0)          (1)          (2)        (50)        (27)        (24)      (202)      (550)
Snyder's-Lance Charlotte NC Dec15          51          59          56          45          21        (16)          35          19          25
Bojangles' Charlotte NC Dec15          27          26          24            8




Babcock & Wilcox Enterprises  Charlotte NC Dec15          17        (12)        140        129          20    


Park Sterling Corp Charlotte NC Dec15          17          13          15            4          (8)          (8)            1            2          (2)
Capitala Finance Charlotte NC Dec15          14          (3)          29





CommunityOne Bancorp Charlotte NC Dec15            7        150          (1)        (40)      (132)      (130)      (103)        (58)          13
EnPro Industries Inc Charlotte NC Dec15        (21)          22          27          41          44          61      (144)          33          17
Speedway Motorsports Inc Concord NC Dec15        (34)          25          (8)          41            3          45          (6)        106          52
SPX Corp Charlotte NC Dec15      (191)        116          10      (364)        (23)                













Total all 24


  19,151     8,453   14,471     5,032     3,344      (336)     5,847     2,590   18,147













2015 Total Earnings % Above:











….. 2014 Earnings


127%







….. 2012 Earnings


281%







….. 2011 Earnings


473%







….. 2008 Earnings


639%




















Three Year Earnings Improvement:











…3 Year 2013-15


  42,075







…3 Year 2008-10


    8,101







……3 Year Earnings Improvement


  33,974











Posted by at